The merger between BB&T and SunTrust has become official and the new entity is known as Truist Financial Corporation.
Truist is now the sixth largest U.S. commercial bank, according to a news release, which says they are serving approximately 10 million consumer households and a full range of business clients.
Chairman and CEO Kelly S. King says, “This is a historic moment for Truist – a financial services organization created from two companies with shared values and a deep commitment to building a better future for our clients and communities.”
Officials say that for now, clients will continue to be served through their respective BB&T branches, websites, mobile apps, financial advisors and relationship managers.
BB&T operates three branches in Hopkinsville and one in Russellville.
The transition to Truist will occur as systems are integrated over the next two years. There will be no merger-related changes to account numbers or routing numbers for checking, savings and money market accounts for the vast majority of clients. Most BB&T clients won’t need to order new checks or make changes to direct deposits, automatic drafts or wire instructions related to their accounts.