Southern regional banking giants BB&T and SunTrust said Wednesday that the two would adopt the name for their merged institution.
The two banks announced their merger earlier this year creating the nation’s sixth-largest bank by assets at $440 billion. The merged banks are poised to geographically dominate the South, where they are based.
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The banks also announced Truist will be headquartered in Charlotte, North Carolina, a city already home Bank of America. San Francisco-based Wells Fargo also has a large presence in the city.
