Truist Financial

About Truist Financial

Truist was formed from the 2019 merger of BB&T and SunTrust Banks, creating the sixth largest US bank by assets. The merger was the largest US bank combination since the financial crisis. Truist has over 500 billion in assets and operates in 17 states, primarily in the Southeast and Mid Atlantic. The name Truist was widely criticized and mocked when announced. The merger combined two banks with roots tracing to the late 19th century. BB&T had been known for conservative management and steady growth. SunTrust had been weakened by the financial crisis. Truist has focused on integrating the two banks while maintaining profitability.