Breaking: BB&T and Suntrust Banks announce plans for merger

North Carolina based BB&T announced plans Thursday to merge with the Atlanta-based SunTrust Banks in a $66 billion all-stock combination. Full details on the planned merger can be found on the BB&T corporate website. The merged company will have a new name and will move the combined corporate headquarters to Winston-Salem in N.C. Atlanta, however, will be the home of the new company’s wholesale banking operations.

Both BB&T and SunTrust have branches in the local area.

 

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