We are bringing together two like-minded and strong teams to create the premier financial institution in the country. The new institution will be a reflection of both companies’ rich mission and purpose-driven cultures, but strengthened to deliver an enduring competitive position in this digital era. But some things will remain the same.
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.
Meet your leaders
Kelly King has forged a lifetime of leadership experience with BB&T, devoting 33 of his 46 years of service to BB&T as a member of the Executive Management Team. As chairman of BB&T since January 2010, he has been president and chief executive officer of BB&T Corporation and chairman and chief executive officer of Branch Banking & Trust Company since January 2009.
William H. Rogers, Jr. (Bill) is chairman and chief executive officer of SunTrust Banks, Inc., one of the nation’s largest financial services companies serving 5 million households and business clients. SunTrust operates an extensive retail banking network throughout the Southeast and Mid-Atlantic states, and serves clients nationally in corporate and investment banking, commercial real estate, mortgage, private wealth management and consumer lending.
The combined company will be led by Kelly King, Chairman and Chief Executive Officer of BB&T until September 2021, after which time he will serve as Executive Chairman of both entities until March 12, 2022. Bill Rogers, Chairman and Chief Executive Officer of SunTrust will serve as President and Chief Operating Officer of the combined company until September 2021 at which time he will become Chief Executive Officer of the combined company. In March 2022, Bill Rogers will become Chairman, in addition to Chief Executive Officer of the combined company. The combined company’s board of directors and executive management team will also be evenly split between the two institutions.