Both companies are deeply committed to building and sustaining our communities and believe the steadfast work we do in them is the best investment we can make. The strength of this new company will increase our ability to continue Lighting the Way to Financial Well-Being and Making the World a Better Place to Be.
In a reflection of the equal contribution both banks bring to the new institution, the combined companies will operate under a new name and brand, which will be determined prior to closing. The combined company’s board of directors and executive management team will also be evenly split between the two institutions. A new corporate headquarters will be established upon close of the transaction in Charlotte, including an Innovation and Technology Center to drive transformative initiatives.
We’re deeply committed to maintaining a strong presence and financial commitment to our current home markets. The combined company will maintain the Community Banking Center in Winston-Salem and the Wholesale Banking Center located in Atlanta. This continued strong presence is also supported by the combined company’s intention to maintain the respective banks’ current levels of community investment in both cities.