Justice Dept.: Truist Bank Pays Over $9M to Resolve Allegations Concerning SunTrust Bank's Administration of Trust Accounts
October 22, 2024
October 22, 2024
WASHINGTON, Oct. 22 -- The U.S. Department of Justice issued the following news release on Oct. 21, 2024:
Truist Bank (Truist), based in Charlotte, North Carolina, has agreed to pay the United States $9,125,000 to resolve claims under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), in connection with the administration of certain trust accounts by SunTrust Bank (SunTrust) from December 2011 through December 2015. SunTrust was acquired by Branch Bank . . .
Truist Bank (Truist), based in Charlotte, North Carolina, has agreed to pay the United States $9,125,000 to resolve claims under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), in connection with the administration of certain trust accounts by SunTrust Bank (SunTrust) from December 2011 through December 2015. SunTrust was acquired by Branch Bank . . .