BB&T, SunTrust bank merger closes bringing new HQ to Charlotte

CHARLOTTE, N.C. — Winston-Salem-based BB&T Corp. and Atlanta’s SunTrust Banks Inc. will become Truist Financial Corp. as of midnight, closing out this year’s largest — and most talked about — bank merger.

The new bank will be headquartered in Charlotte. The companies, billing the transaction as a merger of equals, valued the all-stock deal at $66 billion. Federal regulators signed off on the deal in November.

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Business leaders met to not only look back at the progress of the past year, but also what to expect in 2020.

In the video at the top of this webpage, the impact banking has on people looking for work.