Truist Archives - ABFJournal

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.

Wells Fargo Leads Credit Facility Refinance for The Children’s Place

The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.

Truist Provides $63.2MM Credit Facility to HireQuest

HireQuest, a national franchisor of on-demand, temporary and commercial staffing services, closed a $63.2 million credit facility comprised of a $60 million revolving credit facility and a $3.2 million term loan with Truist (formerly BB&T), the company’s existing lender.

July 7, 2021 HireQuest | Richard Hermanns | Truist Ian Koplin

Truist Provides $125MM Revolver to REPAY

Truist Securities acted as lead arranger with Truist Bank serving as administrative agent for a senior secured revolving credit facility totaling $125 million for REPAY.

February 5, 2021 John Morris | REPAY | Truist Phil Neuffer

Touchstone Bankshares Adds Link as Chief Lending Officer

Sean Link joined Touchstone Bankshares as the company’s chief lending officer. Link most recently served as senior vice president of commercial banking at Truist in Richmond, VA.

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