Sun-Trust, BB&T will merge in mult-billion dollar deal

News

A big merger is coming in the world of banking.

Sun-Trust and BB&T announced it will merge in a $66 billion deal.

If the plan is approved by regulators, the merged bank will be come the sixth largest in the US in terms of assets and deposits.

The combined company will operate under a new name that remains unclear at this time.

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(This story was originally published on February 7, 2019)

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