Truist Financial Corporation

Truist Financial Corporation a holding company provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth Corporate and Commercial Banking and Insurance Holdings. Its deposit products include noninterest-bearing checking interest-bearing checking savings and money market deposit accounts as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; insurance such as property and casualty life employee benefits workers compensation and professional liability surety coverage title and other insurance products; investment brokerage; mobile/online banking; and payment lease financing small business lending and wealth management/private banking services. In addition it offers association capital market institutional trust insurance premium finance derivatives commercial lending international banking leasing merchant commercial deposit and treasury small business and student lending floor plan commercial mortgage lending mortgage warehouse lending private equity investment real estate lending and supply chain financing services. Further the company provides corporate and investment banking retail and wholesale brokerage securities underwriting and market making loan syndication and investment advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte North Carolina.