Sometimes the Big Get Even Bigger

Sometimes the Big Get Even Bigger
munns, busine, legal, billion, bogin, public, banks, banking, merger, bank

Businesses large and small, private and public like to grow geographically and operationally as part of their overall business strategies. In the case of commercial and personal banks such as BB&T and SunTrust, growth equates to increased customers, deposits, and market opportunities. All are laudable outcomes, especially for public companies like these two financial institutions.

So…BB&T and SunTrust are merging in an all-stock deal to become a $66 billion banking company, which will be the sixth largest nationally. In summary, “The banks said Thursday that the combined company will be have $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households.”5

Bank regulation is subject to the political environment. And that is the case with this transaction. The BB&T/SunTrust merger is the consequence of currently lighter regulatory administration of the 2010 Dodd-Frank Wall Street and Consumer Protection Act.

Transactions involving public and highly regulated firms such as bank holding companies are highly detailed and somewhat arcane, involving such federal regulators as the Securities and Exchange Commission and the Consumer Finance Protection Bureau.

When the regulatory dust settles, and the two banks are merged as anticipated during the fourth quarter of this year, there will be changes. On the corporate side the enlarged bank will be given a new name, will be headquartered in Charlotte, North Carolina, and will be led initially by BB&T’s current chairman and CEO, to be followed after a year by SunTrust’s current chairman and CEO.

Bank regulation is subject to the political environment.

For the Press Releases About the BB&T/SunTrust Merger Eee:

BB&T: Press Releases.

SunTrust: Truist Newsroom.

The merger website can be found at The Premier Financial Institution. It is worth the four-and-a-half minutes to listen to the two bank chairs talk about the merger.

And a final note – Bogin, Munns & Munns, P.A. has an updated website. Please visit (or even ‘bookmark’ or ‘favorite’) this writer’s business, real estate, and banking blog at kabler.






– For more information, call Philip N. Kabler of the Gainesville, FL office of Bogin, Munns & Munns at 352.332.7688, where he practices in the areas of business, banking, real estate, and equine law. He has taught business and real estate law courses at the University of Florida Levin College of Law and Warrington College of Business Administration. And is now the President-Elect of the Eighth Judicial Circuit Bar Association.

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