Truist Center, the headquarters of Truist Financial in Charlotte, North Carolina
Company type
Public
Traded as
NYSE: TFC
S&P 500 component
Industry
Financial services
Predecessor
BB&T Corporation
SunTrust Banks
Founded
December 6, 2019; 4 years ago (2019-12-06) (as Truist)[1]
Headquarters
Truist Center[2],
Charlotte, North Carolina
,
U.S.
Number of locations
2,001 branches (2023)[3]
Area served
North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C.
Key people
William H. Rogers Jr. (Chairman & CEO)[4]
Michael Maguire (CFO)
Products
Commercial and Consumer banking
Investment banking
Insurance
Mortgage
Revenue
US$33.25 billion (2023)[3]
Net income
US$−1.05 billion (2023)[3]
Total assets
US$535.3 billion (2023)[3]
Total equity
US$59.25 billion (2023)[3]
Number of employees
50,832 (2023)
Divisions
Truist Bank[1]
Truist Securities[5]
Truist Insurance Holdings[6]
Website
truist.com
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina.[7] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.[1][8][9] Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.[3] It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets.[10][11] As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world, with $2.27 billion in annual revenue.[12][6]
^ abcCraver, Richard (December 7, 2019). "Truist debuts with high expectations of low transition impact on BB&T, SunTrust customers". Winston-Salem Journal.
^"BB&T and SunTrust choose 'signature' uptown tower as headquarters for new bank". Charlotte Observer. Retrieved August 26, 2019.
^ abcdef"Truist Financial Corporation 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
^"Truist Financial execs on latest progress in post-merger integration". Charlotte Business Journal. April 15, 2021. Retrieved May 28, 2021.
^Cite error: The named reference auto7 was invoked but never defined (see the help page).
^ ab"North Carolina-Based BB&T Rebrands as Truist Insurance Holdings". Insurance Journal. June 30, 2020. Retrieved May 28, 2021.
^SEC. "Bb&t Corp 2019 Current Report 8-K". SEC.report. Archived from the original on November 18, 2022. Retrieved January 20, 2020.
^Craver, Richard (February 9, 2019). "BB&T, SunTrust believe purchase experiences will lead to smooth merger". Winston-Salem Journal. Retrieved February 9, 2019.
^Allison Prang (June 12, 2019). "Truist Financial Is New Name for Combined BB&T, SunTrust". The Wall Street Journal.
^"Holding Companies with Assets Greater Than $10 Billion". Federal Financial Institutions Examination Council. May 18, 2022.
^"PNC Completes Acquisition of BBVA USA". Yahoo Finance. June 1, 2021. Retrieved June 1, 2021.
^Bonner, Marianne (July 13, 2017). "15 Largest Insurance Brokerages". The Balance.
TruistFinancial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as...
SunTrust Park, the ballpark was renamed after SunTrust Bank became TruistFinancial in 2020. The stadium was constructed in a public–private partnership...
part of Truist's 100,000 square feet (9,300 m2) technology innovation center. The building is currently the headquarters of TruistFinancial, which purchased...
since the 2007-2008 financial crisis. On December 6, 2019, the merger between BB&T and SunTrust closed, forming TruistFinancial Corporation. On September...
Truist Stadium may refer to the following stadiums: Truist Arena, a basketball arena in Highland Heights, Kentucky, on the campus of Northern Kentucky...
The New York Times. p. 14. Retrieved February 16, 2017. "Banking and Financial Notes". The Bankers Magazine. Vol. 86. Bradford-Rhodes & Company. 1913...
to cost-cutting measures. In September 2022, it was announced that TruistFinancial had signed a lease for 100,000 square feet in the building. Russ &...
United States ranked by total assets of September 30, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also...
Company since 2001 and sits on the board of directors of BB&T (now TruistFinancial), La-Z-Boy Corporation, and nThrive. From 2005, when Qubein became...
It publishes a list of the World 1000 Largest Banks every July. The financial data published by the July yearly issue of The Banker are much more extensive...
2022, nCino is used in more than 1,750 financial institutions. nCino's customers include TD Bank, TruistFinancial, and Santander Bank. nCino's strategic...
located in Center City include Bank of America Stadium, Spectrum Center, Truist Field, and the NASCAR Hall of Fame. Museums, theaters, hotels, high-density...
behind New York City, being the headquarters for Bank of America and TruistFinancial as well as housing the East Coast headquarters and largest employment...
and the main sponsor for the reserve team. Later, the team announced TruistFinancial and NAPA as short and sleeve sponsors. On March 23, 2021, the team...
September 12, 1948 in Raleigh, North Carolina) is Executive Chairman of TruistFinancial, formerly BB&T Corporation. King worked on his family's tobacco farm...
Massachusetts Sterling Bancorp, New York, New York TCF Financial Corporation, Detroit, Michigan TruistFinancial, Charlotte, North Carolina U.S. Bancorp, Minneapolis...
including JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and TruistFinancial deposited $30 billion with First Republic. Despite the deposits, shares...
digital payments network run by a private financial services company owned by the banks Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank,...
This list of the oldest banks in World includes financial institutions in continuous operation, operating with the same legal identity without interruption...
Global Information
US$33.25 billion (2023)[3]
US$535.3 billion (2023)[3]