BB&T-SunTrust: Three big questions
By Paul Davis
BB&T finally scored the type of deal it has coveted for nearly two decades — a massive acquisition that puts it one step closer to becoming a top-five bank. Buying SunTrust will give BB&T Chairman and CEO Kelly King a bank with nearly $450 billion in assets and operations that stretch from Pennsylvania and New Jersey to Florida, then westward to Texas. …“By choosing to define their own fate — not let the Fed do it for them — BB&T and SunTrust are redefining U.S. regional banking,” said Karen Shaw Petrou, managing partner of Federal Financial Analytics.