BB&T and SunTrust Merger Deals a Blow to Atlanta

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The SunTrust logo can be seen throughout metro Atlanta, most notably on the Braves’ stadium. Now the bank’s planned merger with BB&T—and impending departure from the city—is hitting Atlanta hard.

 

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Should've kept the name turnerfield 😉 Hard to believe a smaller bank like BB&T has bought SunTrust. Thought SunTrust was an Atlanta given like CocaCola Sure glad CocaCola moved the secret formula to WorldofCocaCola.

Should not be allowed. Where are the regulators.

I think it stinks and I'll show it

The Warriors are cheap. Believe me, the Clippers are number one next season.

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Cramer: What Wall Street doesn't get about the SunTrust-BB&T mergerJim Cramer says the tie-up has more to do with technology than any traditional success metric for big banks. jimcramer davefaberThe technology future doesn’t drive local community banking, customers do. As an analyst on Bloomberg remarked the deal is very small, a non-event in the banking world. End product they will be driven by regulation not by customer needs. Cramer continues to sound more and more like Trump. Nobody but him understands any given situation,ie, it’s eerily like The Moron vs the Generals.
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Regional banks BB&T, SunTrust join to create $66B operatorATLANTA (AP) — Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion. The banks said Thursday that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households. Sounds legit... Break up the banks so what’s the Braves stadium going to be called now?
Source: AP - 🏆 728. / 51 Read more »

BB&T And SunTrust To Merge, Forming 6th-Largest Bank In The U.S.The new bank would have its headquarters in Charlotte, N.C. Both of the banks are calling it a 'merger of equals,' but the deal is weighted toward BB&T, whose CEO will be in charge. Wow! BB and the Sunshine Gang Buntrust.
Source: NPR - 🏆 96. / 63 Read more »

BB&T And SunTrust's $66B Merger Underscores A Postcrisis Boom In Florida, Georgia And The CarolinasBB&T and SunTrust's $66 billion all-stock merger will create the nation's sixth largest bank by assets and it underscores an economic boom underway on the Atlantic coast and in Southeast states. yikes I KNEW I should’ve opened my Trust account in BB&T or at least a savings before I left Maryland. 🙌🏾👏🏾👏🏾👏🏾 🏃🏾‍♀️I wonder if some of the new credit unions can compete. Interesting merger! Another rip off to customers.
Source: Forbes - 🏆 394. / 53 Read more »

BB&T-SunTrust merger signals more bank deals are comingBigger is better, as large regional banks face profit pressures. And let them that fail, fail
Source: MarketWatch - 🏆 3. / 97 Read more »

SunTrust, BB&T to Combine in All-Stock MergerSunTrust Banks and BB&T agreed to combine in a merger of equals valued at about $66 billion. The companies said the all-stock deal would create the sixth-largest U.S. bank in terms of assets and deposits. Huge growth!! I’m pretty sure the combined banks are larger than $66B Wow!!! Having worked in mortgage capital markets at both banks, I can say this is HUGE banking news. Both have unique cultures though. It will be interesting to see this evolve.
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SunTrust Banks and BB&T combining in merger worth about $66 billionIt’s never equals. There is always a Sr and Jr. BB&T did not protect customer account well and was not accountable to loyal customer. I am wondering how this merger of equals with BB&T will gain trust, respect, and loyal support.
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BB&T and SunTrust announce $66 billion merger, creating the sixth-largest US bankTwo of the largest US regional banks are joining forces in a bid to compete with the nation's biggest players. what could go wrong Stop tweeting nobody watches you LOL 🤣
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These are the 10 biggest banks in the country now after the BB&T-SunTrust mergerBB&T's merger with SunTrust Banks will create the sixth largest bank in the U.S. by assets. Here are the others... So the too big to fail banks just keep getting bigger. Nice None of which will give Trump a loan. Bank of America has the most Blockchain patents....BTC Crypto
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BB&T, SunTrust announce $66 billion merger, create sixth-largest US bankBB&T and SunTrust are merging to create the sixth-largest U.S. bank in a deal valued at about $66 billion.
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