Truist Archives - ABFJournal

Truist Provides $75MM Credit Facility to Channel

Channel, a provider of equipment financing and working capital solutions, entered into a new $75 million credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations.

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

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

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.

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

Groom Williams Joins Truist as Head of DE&I

Dominica Groom Williams joined Truist as head of diversity, equity and inclusion. Groom Williams will be responsible for leading bank-wide strategic inclusion and diversity initiatives, reporting to Kimberly Moore-Wright, chief teammate officer and head of enterprise diversity.

July 26, 2022 Dominica Groom Williams | Kimberly Moore-Wright | Truist | Wendy McSweeney 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

Small Businesses Owners Adapt to Supply Chain Disruption, Rising Inflation

According to Truist’s annual Small Business Pulse survey, supply chain issues have prompted small business owners to search for new supply sources, use local suppliers and adjust delivery schedules, while 90% of respondents have taken action to address for inflation.

April 29, 2022 Scott Stearsman | Truist Ian Koplin

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

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