BB&T, SunTrust to become Truist in merger

FILE - In this Aug. 22, 2003, file photo, the corporate headquarters of BB&T in Winston-Salem, N.C., is shown. The commercial bank BB&T is buying Susquehanna Bancshares in a cash-and-stock deal worth about $2.5 billion. (AP Photo/Winston-Salem Journal, David Rolfe, File)
NEW YORK — The name of the nation’s newest mega bank is Truist Bank.

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.


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.