BB&T and SunTrust to merge in $66 billion deal

 

According to the RTD ... BB&T Corp. and SunTrust Banks plan to merge in a $66 billion, all-stock deal according to an announcement on Thursday by the institutions.

Its being referred to as a merger of equals.

The combined company would operate under a new name and brand, which will be determined prior to completing the deal.

Read more online at the Richmond Times Dispatch

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