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

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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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