Truist Financial Related Content

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

Goodrich to Retire as Truist’s Corporate Treasurer, Itayem Chosen as Successor

Truist Financial named Fadie Itayem corporate treasurer, effective Sept. 3. Itayem will succeed Donna Goodrich, who will retire following more than 35 years with Truist. read more

Truist Names Vyas Head of Investor Relations

Truist Financial named Ankur Vyas its new head of investor relations, effective immediately. Vyas, who most recently led Truist Wealth Omni Channel, has been with Truist and SunTrust, Truist’s heritage institution, since 2013. read more

First Foundation to Acquire TGR Financial in $295MM Transaction

First Foundation and TGR Financial executed a definitive agreement under which TGR Financial will merge into First Foundation in an all-stock transaction valued at approximately $295 million. read more

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Terry Mulreany
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