BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) today announced the completion of their merger of equals, creating Truist Financial Corporation (NYSE: TFC). Truist will build upon th

BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) today announced the completion of their merger of equals, creating Truist Financial Corporation (NYSE: TFC). Truist will build upon the strengths of both BB&T and SunTrust to create a bold, purpose-driven financial services organization dedicated to inspiring and building better lives and communities. At closing, each share of SunTrust common stock was converted into 1.295 shares of Truist common stock. BB&T common shares continue to represent one share of Truist common stock. Truist’s purpose is to inspire and build better lives and communities. With a combined heritage of nearly 300 years, Truist will serve approximately 10 million households in the U.S. with leading market positions in some of the most attractive, high-growth markets in the country. Truist offers a wide range of services including retail, commercial and investment banking, wealth management, and insurance. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest U.S. commercial bank. Truist is committed to providing distinctive, client-centric service that meets clients where they are, how they want to be served.