Truist Completes Sale of 20% Stake in Truist Insurance Holdings to Stone Capital

Truist completed its previously announced sale of a 20% stake in Truist Insurance Holdings, a subsidiary of Truist, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, for $1.95 billion, representing an aggregate value of $14.75 billion.

April 4, 2023 Bill Rogers | John Howard | Stone Capital | Truist Ian Koplin

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion.

February 16, 2023 Bill Rogers | Chuck Davis | Davis Polk & Wardwell | John Howard | Morgan Stanley | Mubadala Investment Company | Simpson Thacher & Bartlett | Stone Point Capital | Truist | Truist Insurance Holdings | Truist Securities Ian Koplin

Truist Foundation Donates $1MM for Hurricane Relief in Florida

The Truist Foundation is donating $1 million to support relief and recovery efforts for communities impacted by Hurricane Ian in Florida.

September 30, 2022 American Red Cross | Bill Rogers | Center for Disaster Philanthropy | Truist | Truist Foundation Phil Neuffer

Truist Names Maguire as CFO

Mike Maguire, Truist’s chief consumer finance and payments officer, has been named chief financial officer effective Sept. 15. Maguire succeeds current Truist CFO Daryl Bible, whose retirement was announced in May and who will remain at Truist during a transition period.

September 8, 2022 Bill Rogers | Daryl Bible | Mike Maguire | Truist Ian Koplin

Bible to Retire as CFO of Truist

Daryl Bible, CFO of Truist Financial, will retire after a 38-year career, including more than 14 years at Truist. As Truist conducts the search for its new CFO, Bible will continue to serve in his current role to support the transition.

May 23, 2022 Bill Rogers | Daryl Bible | Truist | Truist Financial Ian Koplin

Truist Names DeMaio Chief Audit Officer

Truist Financial appointed Denise M. DeMaio chief audit officer, effective Feb. 28. DeMaio will lead Truist’s internal audit function and provide counsel to senior management on emerging risk trends from the vantage points of governance, processes, technologies and reporting.

January 11, 2022 Bill Rogers | Dale Jeanes | Denise DeMaio | Truist Financial Phil Neuffer

SunTrust CIO Cheriyan Retires, Case to Succeed

Anil Cheriyan will retire as chief information officer of SunTrust Banks, effective March 31, 2018. Scott Case has been named his successor.

January 22, 2018 Anil Cheriyan | Bill Rogers | Scott Case | SunTrust Banks ABF Journal

SunTrust Names Fitzsimmons General Counsel

SunTrust Banks named Ellen M. Fitzsimmons general counsel and corporate executive vice president. She succeeds Raymond D. Fortin, who is retiring after a 40-year career.

January 4, 2018 Bill Rogers | Ellen M. Fitzsimmons | Raymond D. Fortin | SunTrust | SunTrust Banks ABF Journal