BB&T & SunTrust: Combine in Merger of Equals to Create the Premier Financial Institution

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BB&T & SunTrust: Combine in Merger of Equals to Create the Premier Financial Institution

  • Combination of two iconic franchises creates sixth-largest U.S. bank holding company with 275 years of combined history
  • Enhanced scale and financial strength accelerate investment in transformative technology to embrace disruption and create a more distinctive client experience
  • Expanded fee income base will create opportunities to build scale in specialized businesses across a larger client base
  • The combined company will be the sixth-largest U.S. bank based on assets and deposits
  • Strategic and Financial Benefits of the Proposed Merger
    • Strong Cultural Alignment
    • Leading Financial Profile and Operating Metrics
    • Increased Profitability and Scale to Drive New Innovations
    • Revenue Growth Through Complementary Businesses
    • Significant cost synergies
  • BB&T and SunTrust have a range of legacy systems accumulated over the years and through M&A