The proposed merger between Winston-Salem-based BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI), headquartered in Atlanta, took a giant leap forward on Tuesday as regulators gave their approval for the two banks to form Truist Financial Corp. The $66 billion merger is now set to close on Dec. 6. It gained approval from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corp. “We are pleased to have received regulatory approval to merge two strong…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/11/19/feds-sign-off-on-66-billion-bb-t-suntrust-merger.html?ana=RSS&s=article_search
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