bb&t suntrust merger

BB&T, SunTrust Banks Announce Merger

Southern regional banks BB&T and SunTrust are combining in an all-stock deal 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. The…