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Hanes Mall owner CBL Properties could lose bankruptcy protection

Truist s first year marked by pandemic, growth

Year one of Truist Financial Corp. was quiet, recognition that it was better to delay the largest integration in financial services industry history rather than stick with an August 2021 deadline made implausible by the COVID-19 pandemic. Truist debuted on Dec. 7, 2019, the result of BB&T s $33.5 billion purchase of SunTrust Banks Inc. A year later, the bank has $499 billion in total assets as of Sept. 30, making it the sixth largest bank in the country. The bank has completed its first year calling Charlotte its home, a key element of negotiations to secure the marriage of Winston-Salem-based BB&T and Atlanta-based SunTrust.

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