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BB&T Corp., one of the nation's most acquisitive banking companies, said Tuesday that it is back in the deal game after a self-imposed 90-day moratorium on acquisitions, with a $128 million agreement to buy Community First Banking Co. of Carrollton, Ga.Reilly, Patrick...
BB&T Corporation and SunTrust Banks, Inc., announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence in many...
BB&T CEO: This merger helps us deal with rapid change The task of taking a multi-billion dollar, century-old bank digital is not an easy one. Amias Gerety, partner at QED Investors and a former acting assistant secretary at the U.S. Department of the Treasury, s...
Jim Cramer wrote about the merger between SunTrust and BB&T in his Real Money column Friday. "Thursday's stunning merger announcement between SunTrust (STI) and BB&T (BBT) was, I think, all about "disrupt to thrive," as BBT's CEO Kelly King said on its conference call. S...
BB&T BB&T and SunTrust $66bn merger leads to mega tech revamp New deal is designed to keep their banking competitive. 8th February 2019 No mystery as BB&T invests $5m in data firm Enigma This is BB&T’s first outlay of its $50m fintech commitment....
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BB&T posted total revenues (taxable-equivalent) of $2.91 billion, outpacing the Zacks Consensus Estimate of $2.84 billion. Moreover, it came 5% higher than the year-ago number. Key Statistics to Note: After considering merger-related and restructuring charges and adjustments related to tax refor...
By 1994, BB&T had become North Carolina's largest bank with $10.5 billion in assets and 263 offices in 138 cities in the Carolinas. In 1995, BB&T and Southern National Bank completed a "merger of equals", giving the new BB&T 437 branches in 220 cities in the Carolinas and Virginia...