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Truist Financial Corporation is an American bank holdings company. They are headquartered in Charlotte, North Carolina. The company formed in 2019 after the merger of SunTrust Banks and BB&T (Branch Banking and Trust Company). Truist operates in 15 states and Washington D.C., and 2,781 branches, as well as offers commercial and consumer banking, mortgage, asset management, securities brokerage, and insurance services and products. They also offer commercial read estate, specialized lending solutions, capital markets, and corporate and institutional banking. As of 2021 Truist Financial Corporation is the seventh largest insurance broker in the world.
Did you know?
Before the merger in 1872, Alpheus Branch and Tomas Jefferson Hadley has founded the Branch and Hadley bank which was a merchant bank in Wilson, North Carolina. Branch bought out Hadley’s shares in 1887 and renamed the company Branch and Company, Bankers. Two years later Joshua Barnes, Branch, Hadley, and three other men a charter and named their bank Brand Banking and Trust Company. In 1995, Southern National Bank merged with BB&T and took over all its assets. SunTrust Banks and BB&T merged to create the eighth largest US bank. In 2019 they announced that the merger company would be called Truist Financial Corporation.
Final Company Statement:
Truist has five core values which are, success, trustworthy, one team, caring, and happiness. Their purpose is to inspire and build better lives and communities. They provide distinctive, successful, and secure client experiences through technology and touch. Truist mission to their shareholders is to optimize long term value for them though ethical, safe, and sound practices. Their mission for their employees is to create an energizing and inclusive environment that empowers their employees to grow, learn, and have meaningful careers. The company is inspired by a common purpose in which they strive everyday to make thing better for their teammates, clients, and stakeholders.