Truist Financial Corp., the new brand of the merged SunTrust Banks Inc. and BB&T Corp., announced today that the merger was completed as of Dec. 6, creating the nation's sixth largest commercial bank, serving about 10 million consumer households and a full range of business clients.

"This is a historic moment for Truist — a financial services organization created from two companies with shared values and a deep commitment to building a better future for our clients and communities," Kelly King, chairman and CEO, said in a company release. "The completion of this merger of equals is a tremendous achievement and a testament to the thousands of Truist teammates who have diligently worked to ensure its timely conclusion."

Bank officials said that companies for now will continue to be served by the respective BB&T and SunTrust bank branches, mobile apps, banking websites, relationship managers and financial advisers. Customers can use either the BB&T or SunTrust ATMs without incurring out of network fees.

Full integration of the two banks will take two years, however, most customers will not see any bank account or routing number changes and will not need to order new checks.  

Cover image: Truist.

 


 

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