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BB&T, SunTrust complete merger

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BB&T, SunTrust complete merger

BB&T Corp. and SunTrust Banks Inc. have completed their merger of equals to officially become Truist Financial Corp., according to tweets posted on both BB&T and SunTrust's accounts.

The new entity, which is headquartered in Charlotte, N.C., will trade at the New York Stock Exchange with the ticker symbol TFC.

Both BB&T and SunTrust said no merger-related changes will take place to deposit accounts or routing numbers for most of their clients as the merger parties work for a smooth transition.

Clients were advised to keep banking as usual, and that their BB&T or SunTrust Debit or ATM cards can already be used at either ATMs to make withdrawals with no ATM fees.

The deal received regulatory approvals in November.