Winston-Salem Based BB&T and SunTrust Announce $66 Billion Merger

ATLANTA — 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.

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Courtesy of News 2 WFMY

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