Deals
Biggest U.S. Bank Deal in Decade Fails to Trigger M&A Frenzy
- BB&T’s $28 billion purchase of SunTrust was completed Friday
- Expected wave of financial combinations hasn’t materialized
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Truist Financial Corp. is officially a thing.
The $28 billion deal combining BB&T Corp. and SunTrust Banks Inc. -- the largest U.S. bank merger in more than a decade -- was completed after trading closed last week. That left the rebranded Charlotte, North Carolina-based firm poised to start trading on the New York Stock Exchange Monday morning under the ticker TFC.