- Business
- Truist Financial Corporation (NYSE: TFC-PO), a top-10 U.S. commercial bank with approximately $545 billion in assets, provides a broad range of financial services including retail and small business banking, commercial banking, wealth management, mortgage, payments, asset management, capital markets, commercial real estate lending, corporate and institutional banking, specialized lending, and trust and estate planning; through its two primary segments of Consumer and Small Business Banking and Wholesale Banking, the company offers checking and savings accounts such as Truist One Checking and Business Money Market accounts, credit cards with cash back and travel rewards, unsecured loans like LightStream Used Auto Loans, premium banking services for high-net-worth clients including investment management, lending, risk management, CDs, and IRAs, as well as digital banking capabilities via mobile app and Zelle payments. Headquartered at 214 North Tryon Street in Charlotte, North Carolina, Truist operates primarily in the Southeastern and Mid-Atlantic United States with a nationwide network of branches targeting individual consumers, small businesses, commercial clients, and high-net-worth individuals. Formed in 2019 from the merger of BB&T Corporation and SunTrust Banks, Inc., the company continues to pursue growth initiatives, including a five-year strategic investment announced in August 2025 to build 100 new branches, renovate over 300 existing ones in high-growth markets, enhance digital platforms, and hire additional Premier advisors for complex client needs; recent activities also encompass a multi-year partnership with Hornets Sports & Entertainment announced in October 2025 and a longstanding $60 billion Truist Community Benefits Plan supporting community development.