BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks say the combined company would be the sixth-largest in the U.S.
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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.
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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.
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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.
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SunTrust Banks and BB&T combining in merger worth about $66 billion
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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.
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Stocks making the biggest moves premarket: SunTrust, BB&T, Twitter, Sonos & moreSome of the names on the move ahead of the open.
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