What bank did Truist take over?
Truist Financial Corporation was formed through a massive, historic merger of equals between BB&T Corporation (Branch Banking and Trust Company) and SunTrust Banks, Inc. Rather than a traditional takeover of an outside institution by a single buyer, the two banking giants combined their operations to create Truist, establishing one of the largest financial institutions in the United States. Following the legal closing, SunTrust merged directly into BB&T, and the combined entity subsequently changed its official corporate name to Truist Bank, integrating extensive branch networks and digital platforms across the high-growth Southeastern and Mid-Atlantic regions.
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