Truist Financial Corp. (extinct)

Truist Financial Corp. (extinct)

Truist Financial Corp. (extinct)

Overview
Date Founded

1968

Headquarters

200 West 2nd Street,Winston-Salem, NC 27101-1250

Type of Company

Public

Employees (Worldwide)

37.2K

Industries

Retail & Commercial Banking
Consumer Finance
Accounting & Financial Services
Internet Software & Services
Holding Companies

Company Description

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $178.5 billion in assets and market capitalization of $21.6 billion, as of June 30, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. BB&T's banking subsidiaries are organized as a group of community banks, each with a regional president, which allows decisions to be made locally, close to the client. This also makes BB&T's client service more responsive, reliable and empathetic. More information about BB&T and its full line of products and services is available at www.BBT.com. On April 2, 2012, BB&T completed its acquisition of the life and property and casualty insurance divisions of Roseland, N.J.-based Crump Group Inc. The acquisition adds approximately $300 million in annual revenues to BB&T's insurance businesses and significantly strengthens and diversifies BB&T's non-interest revenues. The acquisition creates the largest independent wholesale distributor of life insurance and the second largest provider of wholesale commercial insurance brokerage and specialty programs in the U.S. On July 31, 2012, BB&T completed its application to acquire BankAtlantic, the wholly-owned subsidiary of BankAtlantic Bancorp (NYSE: BBX), was approved by the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). The North Carolina Office of the Commissioner of Banks also has approved the acquisition. BankAtlantic branches will be rebranded as BB&T in the fourth quarter.This acquisition strategy has contributed significantly to BB&T's success

Contact Data
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Executives & Employees

Chairman, President & Chief Executive Officer

Group President, Washington, D.C. Metro Region

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Owners & Shareholders
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Highland Capital Management Fund Advisors manages a variety of mutual funds for Highland Capital Management LP. The mutual funds include alternative, equity, fixed income and asset allocation funds.

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Ilmarinen is an active, profit-oriented investor which manages an investment portfolio that has been diversified both geographically and across a wide variety of asset classes, such as equities and shares, fixed income investments and real estate with a focus on Finnish securities. The firm typically establishes information about the investment allocation and the return on investments on a quarterly basis. Ilmarinen generally aims to select companies with good growth potential in which they take long-term positions. They support investment decisions with information obtained through their active ownership policy, which encourages fund managers to participate in shareholders' meetings, make full use of voting rights and keep in contact with the management of investees.

Recent Transactions
Details Hidden

Truist Financial Corp. purchases SunTrust Banks, Inc. resulting in a new company Truist Financial Corp.

Details Hidden

GI Partners, Kellermeyer Bergensons Services LLC purchase Capital Contractors, Inc. - New York from Palladium Equity Partners Advisor LLC, Triangle Capital Corp. (Private Equity)

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Dubin Clark & Co., Inc., ABCOM Computer Rental, Inc. purchase SmartSource Computer & Audio Visual Rentals from Smart Source Holdings LLC

Transaction Clients
Investment Advisor

Advised on First Bancorp - North Carolina purchases Aberdeen Insurance & Realty Co., Inc.

Investment Advisor

Advised on Hooker Furniture Corp. purchases Bradington Young LLC

Investment Advisor

Advised on Hancock Park Associates, Inc. purchases American of Martinsville, Inc. from La-Z-Boy Incorporated

Transaction Advisors
Accountant

Advised onTruist Financial Corp., Southern National Corp. purchase United Carolina Bancshares Corp.

Legal Advisor

Advised onTruist Financial Corp. purchases First Virginia Banks, Inc.

Legal Advisor

Advised onTruist Financial Corp. purchases First Virginia Banks, Inc.

Legal Advisor

Advised onTruist Financial Corp. purchases SunTrust Banks, Inc. resulting in a new company Truist Financial Corp.

Legal Advisor

Advised onTruist Financial Corp., BB&T Insurance Holdings, Inc. purchase Regions Insurance Group, Inc. from Regions Financial Corporation

Legal Advisor

Advised onTruist Financial Corp. purchases CGSC of Delaware Holdings Corp. from ED Broking Group Ltd.

Advisors & Consultants
Legal Advisor

Chairman at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Partner at Ropes & Gray LLP

Advisor

Former Chair, National Bankruptcy & Corporate Restructuring Practice at Arnold & Porter LLP

Clients

Provide undergraduate education for approximately 1,000 students.

Key Stats and Financials As of
Market Capitalization
$61.9B
Total Enterprise Value
Earnings Per Share
Non-Profit Donations & Grants
Investments
Details Hidden

Enigma Technologies, Inc. operates as a database software provider. It offers geo-coding, custom data acquisition, behind the firewall, time series and join analysis, augmented research tools, and entity resolution. The company was founded by Marc DaCosta and Hicham Oudghiri in 2011 and is headquartered in New York, NY.

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Sopherion Therapeutics LLC develops and commercializes anti-cancer therapies. The company was founded by Ronald H. Goldfarb and Salvatore Forenza in 2002 and is headquartered in Princeton, NJ.

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C-P Converters, Inc. manufactures and prints flexible packaging products. It offers flexible packaging, recloseable roll stocks and lid stocks, standard and extended shrink sleeves, stand-up pouches, roll fed and feed labels, products with re-sealable options and shrink sleeve labels and bags. The company was founded in 1959 and is headquartered in York, PA.

Investors
Details Hidden

Partner at CK Property Group LLC

Suppliers
Highwoods Properties, Inc. Trusts & Funds | Raleigh, North Carolina

Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.

Awards & Honors
Rank #273
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #273
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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