$250 Billion Becomes Magic Number for BB&T-SunTrust Marriage
By Yalman Onaran
BB&T Corp. and SunTrust Banks Inc. are both approaching a key regulatory threshold that will likely subject them to tougher oversight. That may be why the banks decided to cross it together. The lenders’ growth means both were getting very close to having $250 billion in assets. …“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 Petrou, a manager partner at Federal Financial Analytics in Washington.