BB&T Related Content

BB&T Reports Record Earnings of $842MM in Q2/2019

BB&T reported its earnings for the second quarter of 2019. Its record net income available to common shareholders was $842 million, up 8.6% compared with the second quarter last year. read more

BB&T, SunTrust to Launch $60B Truist Bank Community Benefits Plan

BB&T and SunTrust Banks plan to launch a Truist Bank community benefits plan under which the combined company will lend or invest $60 billion to low- and moderate-income borrowers and communities over a three-year period. read more

BB&T and SunTrust Merger Will Create Truist

BB&T and SunTrust Banks will create Truist, the newly announced name for the combined company to be created through their merger of equals. read more

Federal Reserve to Host Public Meetings on BB&T/SunTrust Merger

The Federal Reserve Board and the FDIC will jointly hold two public meetings on the proposed merger of BB&T and SunTrust Banks. read more

BB&T, SunTrust to Merge in $66B Deal

SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits. read more

BB&T Reports Record $3.1B Annual Earnings for Fiscal Year 2018

BB&T reported Q4/18 earnings of $754 million and earnings of $3.1 billion for the full fiscal year of 2018. Fourth quarter earnings were up 22% compared to 2017’s Q4 earnings of $614 million. read more

BB&T Realigns Executive Digital & Operational Roles

BB&T named Senior Executive Vice President Dontá Wilson chief digital and client experience officer and Senior Executive Vice President Bennett Bradley leader of its new Operations Shared Services division. read more

JD Power: Huntington, Capital One, Citibank & Chase Highest-Rated Banks

The J.D. Power 2018 U.S. Small Business Banking Satisfaction Study revealed that small businesses feel “underappreciated” by their banks. Banks rated the highest by customers include Huntington, Capital One, Citibank & Chase. read more

BB&T Announces Fintech Investment in Enigma

BB&T announced a $5 million investment in Enigma, which represents its first outlay of a $50 million fintech commitment. read more

BB&T Reports 6.3% Annualized Growth in C&I Loans

BB&T Financial Services and Commercial Finance, which includes BB&T’s equipment finance product, reported net income of $145 million for Q2/18, an increase of $11 million compared to the earlier quarter. read more

United Leasing & Finance Secures $350MM Credit Facility with BofA

United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent. read more

BB&T Renames Susquehanna Commercial Finance Unit

BB&T renamed the former Susquehanna Commercial Finance unit as BB&T Commercial Equipment Capital. read more

Wells Fargo CDF Agents $350MM Upsize Facility for MarineMax

Boat and yacht retailer MarineMax expanded its financing facility to provide for borrowing of up to $350 million, up from its previous limit of $300 million. Wells Fargo CDF was the agent for the facility. read more

McKay Named President of Sheffield Financial

Sheffield Financial, a division of Branch Banking and Trust, named Jeff McKay president effective April 1. read more

BB&T Promotes Standridge to Head Specialized Lending Businesses

BB&T announced the promotion of three individuals to its executive management term including Brant J. Standridge who will be responsible for the management of BB&T’s specialized lending businesses including Equipment Finance. read more

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