BB&T and SunTrust Pick a New Name for Post-Merger Bank: Truist

Chase, Bank of America, Wells Fargo ... Truist.

That’s the name that will join the ranks of the biggest U.S. banks. BB&T Corp. and SunTrust Banks Inc. chose Truist as their name after the two companies complete their planned $28 billion merger, according to a statement June 12. If the combination is approved by regulators, Truist would become the sixth-largest U.S. commercial bank, serving more than 10 million households.

Since the merger was announced in February, BB&T Chief Executive Officer Kelly King and his SunTrust counterpart, Bill Rogers, have been asked repeatedly what the combined firm will be called. They ...