By Allison Prang

The Federal Deposit Insurance Corporation on Tuesday approved the merger of BB&T Corp. (BBT) and SunTrust Banks Inc. (STI).

The FDIC said its approval of the deal is dependent on the combined bank--which will be called Truist--divesting 30 branches and $2.4 billion in deposits.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

November 19, 2019 16:25 ET (21:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
BB and T (NYSE:BBT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more BB and T Charts.
BB and T (NYSE:BBT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more BB and T Charts.