What banks did BB&T buy?
Before its historic merger of equals with SunTrust Bank to form Truist Financial, BB&T (Branch Banking and Trust Company) executed an aggressive growth strategy by acquiring numerous smaller regional banks and financial institutions. Notable acquisitions made by BB&T over the years include Susquehanna Bancshares, National Penn Bancshares, Colonial Bank (assumed through FDIC assistance during the financial crisis), BankAtlantic, First Kentucky Bank, Premier Commercial Bancorp, and various other community-focused regional lenders throughout the Southeastern and Mid-Atlantic United States.
Related FAQs
BB&T Corporation no longer operates as an independent banking brand, having officially ceased its historical name following a massive merger of equals with SunTrust Banks to form Truist Financial Corporation.
Yes, BB&T bank is fundamentally the same institution as Truist Bank, having undergone a massive, historic corporate merger of equals with SunTrust Banks.
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The institution formerly known as BB&T is currently called Truist. This change was finalized after the 2019 merger of BB&T and SunTrust Banks, which saw the birth of Truist Financial Corporation.
BB&T Corporation completed a massive "merger of equals" with Atlanta-based SunTrust Banks, creating one of the largest financial holding companies in the United States.
BBVA bank's United States subsidiary, BBVA USA, was officially acquired by The PNC Financial Services Group in a massive multi-billion-dollar cash transaction.
Yes, BB&T (Branch Banking and Trust Company) was historically one of the most prominent regional commercial banks in the United States, with a deep operating history spanning over a century across the American Southeast and Mid-Atlantic regions.