Truist Financial

Fifth Third, Truist among banks closing early to observe 'Juneteenth'


As protesters continue to take to the streets to express outrage over racial injustice and inequality, banks — for the first time — will commemorate the date that marks the end of slavery in the U.S.


Guarded optimism from bank execs as economy reopens


Leaders of companies including Citizens, Comerica and Truist offered more upbeat assessments of loan demand and credit quality than they have in recent weeks. But others warned of weakness in key sectors such as energy and real estate, and said forbearance policies may be hiding potential pitfalls.


Coronavirus put Truist's innovation plans on fast track


The company, the product of a big merger shortly before the outbreak, had to build portals on the fly, help many customers shift to mobile and accomplish in days tasks that once took months, its digital chief says.


Truist discloses $125 million in expenses tied to rebranding


The company, formed by the merger of BB&T and SunTrust, shared the information in response to a credit union's legal challenge to its new name.


Coronavirus isn’t slowing Truist integration … so far


Executives say they can still meet their goal of $480 million in cost savings this year from the combination of BB&T and SunTrust despite unexpected expenses, unless the economy fails to rebound quickly.


Banks focus charitable giving on fighting coronavirus


From helping hospitals purchase new testing kits and ventilators to backing efforts to develop a COVID-19 vaccine, banks large and small are pledging millions of dollars to assist with medical relief efforts.


Banks supplement benefits to help employees affected by coronavirus


From paying $1,000 bonuses to branch employees to subsidizing child care expenses, banks are offering a slew of new perks for front-line employees still working and more paid leave for those who are ill or caring for sick family members.


More banks shut down branch access as COVID-19 spreads


Truist, Key, Fifth Third and PNC became the latest banks to restrict branch access to the drive-through window or appointment only.


Will OCC plan silence some critics of bank M&A?


Groups often will oppose mergers on Community Reinvestment Act grounds. But the proposal would tighten standards for when the agency includes “adverse comments” in the process.


Mortgage activity rising after Fed's emergency rate cut, Truist chief says


While clients are uneasy about the spread of coronavirus, Kelly King touted the added volume his company has seen from lower rates.