Truist Related Content

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

Channel Secures $75MM Credit Facility from Truist

Channel entered into a new $75 million credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations. read more

Truist Completes Sale of 20% Stake in Truist Insurance Holdings to Stone Capital

Truist completed its previously announced sale of a 20% stake in Truist Insurance Holdings, a subsidiary of Truist, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, for $1.95 billion, representing an aggregate value of $14.75 billion. read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion. read more

Truist Foundation Donates $1MM for Hurricane Relief in Florida

The Truist Foundation is donating $1 million to support relief and recovery efforts for communities impacted by Hurricane Ian in Florida. read more

Truist Names Maguire as CFO

Mike Maguire, Truist's chief consumer finance and payments officer, has been named chief financial officer effective Sept. 15. Maguire succeeds current Truist CFO Daryl Bible, whose retirement was announced in May and who will remain at Truist during a transition period. read more

Groom Williams Joins Truist as Head of DE&I

Dominica Groom Williams joined Truist as head of diversity, equity and inclusion. Groom Williams will be responsible for leading bank-wide strategic inclusion and diversity initiatives, reporting to Kimberly Moore-Wright, chief teammate officer and head of enterprise diversity. 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

Small Businesses Owners Adapt to Supply Chain Disruption, Rising Inflation

According to Truist’s annual Small Business Pulse survey, supply chain issues have prompted small business owners to search for new supply sources, use local suppliers and adjust delivery schedules, while 90% of respondents have taken action to address for inflation. read more

Truist Sets Goal of Net Zero Greenhouse Gas Emissions by 2050

Truist plans to achieve net zero greenhouse gas (GHG) emissions by 2050, furthering the company's aspiration to support the transition to a low-carbon economy. 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: U.S. Business Owners Optimistic While Re-Examining Strategies

Following a challenging year marred by the impact of the COVID-19 pandemic, business owners are optimistic about the next six months and are re-examining their business and financial strategies, according to a survey from Truist. read more

Truist Unveils Venture Capital Division, Vreeland to Lead

Truist Financial launched Truist Ventures, a corporate venture capital division, and appointed Vanessa Indriolo Vreeland, an executive with more than 20 years of private equity, venture capital and banking experience, to lead the new venture. read more

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