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A sponsorship deal between the regional bank and the league will emphasize economic empowerment and financial education. It's a good example of how corporations increasingly seek to associate their brands with a cause or purpose, experts say.January 14
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The North Carolina regional has sold an advisory business and has found buyers for two 401(k) bookkeeping operations.January 6
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Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift.December 17
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The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter.December 7
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Truist Financial Corp. has hired Sal Karakaplan to head its newly formed Enterprise Payments Group, which will be responsible for driving and executing a coordinated strategy across Truist’s various payments businesses.November 16
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.November 3
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.November 3
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The North Carolina company had promised regulators not to close large numbers of branches until December. Meanwhile, vendor contracts, leases and other hurdles have made it hard to accelerate efforts to offset a sudden decline in revenue.October 15
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Many consumers are taking to the highways and the water for safe getaways during the pandemic — powering one of the few bright spots in lending. However, bankers warn that boomlets usually come with distinctive credit risks.October 7
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The fund will support Community Development Financial Institutions that lend to minority- and women-owned businesses. The Charlotte, N.C., company is the latest big bank to make a large dollar commitment focused on alleviating racial and economic inequality.September 23
