Biggest U.S. Bank Deal in Decade Fails to Trigger an M&A Frenzy

Dec. 9, 2019, 9:31 AM

Truist Financial Corp. is officially a thing.

The $28 billion deal combining BB&T Corp. and SunTrust Banks Inc. -- the largest U.S. bank merger in more than a decade -- was completed after trading closed last week. That poised the rebranded Charlotte, North Carolina-based firm to start trading on the New York Stock Exchange Monday morning under the ticker TFC.

For all the predictions that this transaction would kick off a wave of deals among the biggest regional lenders, the reality in the 10 months since it was announced has been underwhelming. The second-biggest bank deal this year was valued ...

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