Trust and investment management services are provided by SunTrust Bank and Branch Banking and Trust Company, both now Truist Bank, and SunTrust Delaware Trust Company. Average earning assets increased The yield on the total loan portfolio for the second quarter of 2020 was 4.19 percent, down 86 basis points compared to the earlier quarter, reflecting the impact of rate decreases and the deferral of interest for loans granted an accommodation in connection with COVID-19, partially offset by purchase accounting accretion from merged loans. The decrease in rates on deposits and other funding was largely attributable to deposit rate cuts consistent with a lower rate environment.Net interest margin was 3.13 percent, down 29 basis points compared to the earlier quarter.

The yield on the average securities portfolio for the second quarter was 2.37 percent, down 25 basis points compared to the prior quarter primarily due to higher premium amortization.The average cost of total deposits was 0.22 percent, down 29 basis points compared to the prior quarter. The transition to the Truist … The average rate on short-term borrowings was 1.24 percent, down 116 basis points compared to the earlier quarter. In 1872, Alpheus Branch and Thomas Jefferson Hadley founded the Branch and Hadley merchant bank in their hometown of On May 19, 1997, Southern National Corp. changed its name to BB&T Corp. and its stock symbol SN to BBT.The bank continued to expand nationwide through the 1990s, purchasing Fidelity Financial Bankshares,In 2000, BB&T purchased One Valley Bancorp, which was itself formed from a combination of community banks throughout West Virginia. Securities, brokerage accounts and /or insurance (including annuities) are offered by SunTrust Investment Services, Inc. and Truist Securities, LLC, and P.J. Teammates are emboldened to grow through our culture, meritocratic approach, career opportunities, and an outstanding rewards program. The decline in the net interest margin and net interest income reflects the decline in the Fed Funds and LIBOR rates, higher low-yielding balances at the Federal Reserve and a deferral related to accrued interest for loans that have been granted an accommodation in connection with COVID-19. Here to change the way you feel about finances Fully equipped to be agile and responsive to our clients’ unique needs—we focus relentlessly on producing the best results. We deliver best-in-the-business solutions for our clients—backed by the technology, experience, expertise, and entrepreneurial spirit required to produce strong financial results, year after year. Let the brand evolve” — Kirk Lowe, Founder, Top Advisor Marketing • “It’s easy to … In 2002, BB&T completed its acquisition of MidAmerica Bancorp of Louisville, Ky. (Bank of Louisville) and AREA Bancshares Corporation of Owensboro, Ky.In February 2008, the company acquired Burkey Risk Services.In September 2011, the company acquired Liberty Benefit Insurance Services, an agency operating in California.In April 2015, BB&T subsidiary CRC Insurance Services acquired the assets of Napco LLC, a broker of catastrophic commercial insurance.On February 7, 2019, BB&T reported that it would acquire On June 12, BB&T and SunTrust announced that the merged company would be called The merger was completed at midnight December 6, 2019.Truist unveiled its logo in January 2020, with two Ts representing touch and technology, and a shade of purple combining the blue of SunTrust and the burgundy of BB&T.In February of 2020, Truist announced it would be launching a nonprofit foundation called the Truist Foundation.In March 2020, Truist announced it would vacate its former headquarters building in Winston-Salem except for a branch office there and would move employees in its community/retail hub to other locations in the city, including the Park Building on Cherry Street and two locations on Stratford Road.Tim Gray, "BB&T, Southern National banks plan to merge," Taft Wireback, "Presidential Candidate Keyes Speaks in Triad," Kristina Bartlett, "UCB deal could hit hard in Whiteville," Jay McIntosh, "Banks Line Up Against S&L's Conversion," Catherine Pritchard, "Banking Offices to Consolidate,"

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