BB&T Purchasing SunTrust Banks in All Stock Deal

BB&T is purchasing SunTrust for around $28 billion in an all stock deal; the merging of the banks will create the sixth largest US lender and is the biggest bank deal since the financial crisis; CNBC reports the company will operate under a new name, have $442 billion in assets, $301 billion in loans and $324 billion in deposits; for comparison, US Bancorp has about $467 billion in assets. Source

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