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BB&T, SunTrust join in $66B deal; headquarters to be based in Charlotte

BB&T and SunTrust Join in $66B Deal
By WSOCTV.com
Feb 7, 2019

Southern regional banks BB&T and SunTrust announced Thursday morning they will merge, creating the sixth-largest bank in the country.

The merger is worth about $66 billion in stocks.

>> On WSOCTV.com: Wells Fargo to cut jobs in Charlotte

WSOC-TV has learned the combined company will operate under a new name and be headquartered in Charlotte, North Carolina. The new company will still maintain significant operations and investment in Winston-Salem and Atlanta.

>> Read more trending news

The board of directors of both banks unanimously approved the deal, which is subject to regulators’ approval. If all goes well, it should close by the end of the year.

Read more here.

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