Sandy Hostetter lived through a bank merger before — and it didn't go well. This time, things were different.
United Community Banks' newest executive is tasked with leading the company’s legal and governance matters.
As the region's sole member of the newly created bank's board of directors, High Point University President Nido Qubein promises to fight both for Truist Financial Corp. shareholders and the Triad's economic interests.
Construction on Virgin Trains USA’s $4 billion expansion from West Palm Beach to Orlando is underway, thanks to one transaction that helped make that possible. The Miami-based intercity passenger train in April finalized a $1.75 billion private activity bond offering that completely funded construction of the existing system in South Florida to be expanded into Orlando International Airport. The train's Phase 2 expansion is expected to create more than 10,000 temporary construction jobs over the life of the project, and will generate $653 million in federal, state and local tax revenue.
Consolidation has become the norm in the banking industry. That is likely to continue in the '20s, although the main catalysts behind the M&A; activity are likely to change.
FNB and First Horizon National are among the banks that see opportunity following the merger of BB&T; and SunTrust.
The merger of BB&T; and SunTrust was among Atlanta Business Chronicle's top stories of the decade.
Truist will be vacating offices over "the next few months" in the 21-story glass building at 200 W. 2nd St. that served as BB&T's corporate headquarters. According to a Truist statement, employees will be moved to facilities owned by Truist, including the downtown Park building at 101 N. Cherry St., 150 S. Stratford Road and 110 S. Stratford. Built in 1987, the 271,445-square-foot skyscraper had been BB&T headquarters since 1995.
With five bank acquisitions revealed, 2019 was another top year for Colorado-based bank acquisitions. It just missed the six acquisition announcements made in 2018, which added up to more bank mergers and acquisitions made in Colorado than at any time in the last five years. While experts told Denver Business Journal that there will likely be fewer acquisitions in 2020, they expect banking in the state to stay extremely competitive.
Apartments continue to rise and new retailers keep signing deals. But downtown hasn't been attractive enough to bring a corporation to the urban core from outside the City Beautiful.
Truist Financial Corp. and the Atlanta Braves plan to unveil the new name of SunTrust Park at a joint press conference on Tuesday. The announcement will come just a little over a month after SunTrust Banks Inc. and BB&T Corp. completed a $66 billion bank merger to create Truist.
“This is a dream job – to be able to support the nation’s sixth largest financial institution’s giving platform. We are going to be intentional with our giving process.”
SunTrust Park is no longer. The Atlanta Braves’ ballpark has been officially renamed Truist Park. Truist, the recently merged bank, is now assuming the agreement which started in 2017 when the stadium opened in Cobb County.
The Roswell-based landscape supply distributor picked a new senior vice president and chief marketing officer.
Former BB&T and SunTrust branches, now Truist locations, as well as Synovus Financial Corp. branches, will limit activity to drive-thru lanes and make in-lobby consultations by appointment only as precautionary measures to prevent the spread of the novel coronavirus to customers or staff. "More and more, our clients are choosing to conduct their banking business through our drive-thrus, ATMs, contact centers and digital banking options during this challenging and uncertain situation, so this decision was a natural next step," said Brant Standridge, head of Truist Retail Community Banking, in a statement. The change at Truist will go into effect Saturday, March 21.
Meet Kent Moegerle, who joined The Bank of New York (BNY) Mellon Wealth Management after more than a quarter century with SunTrust.
The former president of the SunTrust Foundation is United Way Worldwide first ever chief experience officer.
The Houston and Central Texas regional president for Truist Financial Corp. (NYSE: TFC), formed from the massive merger between BB&T Corp. and SunTrust Banks Inc., has growth in mind for his Texas markets. Bill Toomey was named Houston and Central Texas regional president for Truist Dec. 10.
The nation's sixth largest bank will be represented through "Truist Purple" — combining BB&T;'s traditional burgundy and SunTrust blue.
The bank's plans for the area are coming into focus, and that means at least some branch closures.