WASHINGTON, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following news release: The Federal Deposit Insurance Corporation (FDIC) Board of Directors unanimously approved the Bank Merger Act (BMA) application submitted by Branch Banking and Trust Company (BB&T), Winston-Salem, NC, to merge with SunTrust Bank, Atlanta, GA. The resulting bank will operate under BB&T's charter and will be called Truist Bank. Truist Bank will be headquartered in Charlotte, NC. When reviewing appl  more

WINSTON-SALEM, North Carolina, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following statement by Board Member Martin J. Gruenberg on the Bank Merger Act application: "Today the FDIC Board of Directors is considering an application for the merger of two large insured depository institutions, SunTrust and BB&T, under section 18(c) of the Federal Deposit Insurance Act, commonly referred to as the Bank Merger Act./1 This is by far the largest bank merger ever to be considered b  more

WASHINGTON, Nov. 19 -- The Federal Reserve issued the following news release: The Federal Reserve Board on Tuesday met and approved the application by BB&T Corporation of Winston-Salem, North Carolina, to merge with SunTrust Banks, Inc. of Atlanta, Georgia. The Board evaluated the application under the factors it is required to consider under the Bank Holding Company Act, including the financial and managerial resources of the companies, the convenience and needs of the communities to be serve  more