SunTrust and BB&T Banks to Merge

Article 0 Comments SunTrust Banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits. […]

BB&T Insurance to Acquire Regions Insurance Group

Article 0 Comments BB&T Insurance Holdings, which is owned by financial services firm BB&T Corp., has agreed to acquire another bank-owned insurance broker, Regions Insurance Group, from Regions Financial Corp. No terms were disclosed. Memphis-based Regions Insurance is a mostly retail insurance broker with offices in 10 states: Alabama, Arkansas, […]