FDIC Approves Merger of BB&T, SunTrust Bank
19 Novembre 2019 - 10:40PM
Dow Jones News
By Allison Prang
The Federal Deposit Insurance Corporation on Tuesday approved
the merger of BB&T Corp. (BBT) and SunTrust Banks Inc.
(STI).
The FDIC said its approval of the deal is dependent on the
combined bank--which will be called Truist--divesting 30 branches
and $2.4 billion in deposits.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
November 19, 2019 16:25 ET (21:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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