U.S. Markets closed

Cover story: Details of the BB&T-SunTrust merger

Staff
Cover story: Details of the BB&T-SunTrust merger

Merger of Winston-Salem-based BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) of Atlanta New name: TBD When: Expected to close in fourth quarter Headquarters: Charlotte, with community banking hub in Winston-Salem and wholesale banking hub in Atlanta Ownership: 57 percent BB&T, 43 percent SunTrust Terms: All-stock deal valued at $66 billion Size: Sixth-largest U.