Truist Financial Related Content

Starnes III Retires from Truist; Bender Appointed as Successor in CRO Position

Clarke R. Starnes III is retiring as vice chair and chief risk officer of Truist Financial, following a 42-year career at the bank. Brad Bender, a 20-year Truist veteran, will succeed Starnes as chief risk officer, reporting to Truist chairman and CEO Bill Rogers. read more

Truist Hires Jessani to Lead New Mid-Corporate Banking Team

Truist Financial hired Kerry Jessani as head of mid-corporate banking. Jessani will build and lead a coverage team focused on delivering industry-based expertise and solutions to private and public companies across the United States. read more

Truist Names Hagerman Chief Information Officer

Truist Financial named Steve Hagerman its new chief information officer. Hagerman will join Truist on Oct. 28, reporting to chairman and CEO Bill Rogers. He will lead the enterprise technology team, shaping and executing a strategic vision for the bank’s technology future. read more

Truist Sells $15.5B Insurance Brokerage Business to Private Equity Firms

Truist Financial reached a definitive agreement to sell its remaining stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier & Rice. read more

Truist Names Cummins COO as Part of Executive Leadership Transformation

Beau Cummins, vice chair of Truist Financial, will assume the role of chief operating officer immediately. In addition, Truist named Dontá Wilson chief consumer and small business banking officer and hired Kristin Lesher as chief wholesale banking officer. read more

Truist Receives $65MM New Markets Tax Credit to Support Communities Across the U.S.

Truist Financial received $65 million in New Markets Tax Credits allocation authority from the U.S. Treasury Department's Community Development Financial Institution Fund. read more

Truist Invests $17MM in Affordable Housing and Career Development in North Carolina

Truist Financial and Truist Foundation announced $17 million in commitments to support affordable housing in Charlotte, NC, and career development and economic mobility programs across North Carolina. read more

Truist Financial to Use CME Term SOFR as Replacement Reference Rate for Securities

After June 30, Truist Financial will use CME term SOFR as the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock that use three-month U.S. dollar LIBOR as the reference rate. read more

Truist Securities Names Hackett CEO to Succeed Gregg

John Gregg will retire as chairman and CEO of Truist Securities, effective March 31, with Tom Hackett named as his Gregg's successor. Hackett currently serves as president and chief operating officer of Trust Securities, a position he's held since 2020. read more

Truist Financial Appoints Stanzel EVP and Chief Communications Officer

Truist Financial appointed Scott Stanzel executive vice president and chief communications officer, effective Oct. 1. Stanzel previously served in communications roles at Capital One, Amazon and Microsoft. read more

Bible to Retire as CFO of Truist

Daryl Bible, CFO of Truist Financial, will retire after a 38-year career, including more than 14 years at Truist. As Truist conducts the search for its new CFO, Bible will continue to serve in his current role to support the transition. read more

Rogers to Succeed King as Board Chair at Truist

William H. Rogers Jr., CEO of Truist Financial, will become chairman of the board of the company and Thomas E. Skains will become lead independent director. Rogers will succeed Kelly S. King and Skains will succeed David M. Ratcliffe. read more

Truist Hires Former Boeing Exec as Chief Information Security Officer

Truist Financial hired Howard Whyte as chief information security officer. Whyte was most recently chief information security officer and vice president of information security for Boeing and previously worked for the FDIC, Goldman Sachs and NASA. read more

Truist Names DeMaio Chief Audit Officer

Truist Financial appointed Denise M. DeMaio chief audit officer, effective Feb. 28. DeMaio will lead Truist's internal audit function and provide counsel to senior management on emerging risk trends from the vantage points of governance, processes, technologies and reporting.      read more

Rogers to Take on CEO Role at Truist as Part of Change to Executive Leadership Team

William H. Rogers Jr., president and chief operating officer of Truist Financial, will succeed Kelly S. King as CEO on Sept. 12 as previously announced in February 2019 as part of the merger of equals that formed Truist. read more

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