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WINSTON-SALEM, N.C., July 30, 2019 /PRNewswire/ — BB&T Corporation (NYSE: BBT) shareholders today accustomed both the alliance of equals amid BB&T Corporation and SunTrust Banks Inc. (NYSE: STI) and Truist Cyberbanking Corporation as the new name of the accumulated company. At a appropriate affair of shareholders captivated today, added than 98% of the shares voted were casting in favor of the alliance of equals with SunTrust and added than 96% of the shares voted were casting in favor of the Truist name.



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These approvals complete addition footfall in the action to anatomy Truist, the arch cyberbanking academy that will serve added than 10 actor households in the United States, with arch bazaar allotment in abounding of the best attractive, high-growth markets in the country.

“We’re absolute admiring BB&T shareholders accept overwhelmingly accurate both the alliance of equals with SunTrust and the new Truist name,” said Chairman and Chief Executive Officer Kelly S. King. “This is an important anniversary as we move adjoin our ambition of creating a bold, transformative alignment that allowances our shareholders, associates, audience and communities.”



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As ahead announced, BB&T accustomed approval for the alliance of equals from the North Carolina Office of the Commissioner of Banks on July 10. Achievement of the alliance is accountable to assertive added accepted closing conditions, including cancellation of the absolute authoritative approvals. The companies apprehend the transaction to abutting backward in the third division or in the fourth division of this year.



More advice about Truist and the alliance of equals can be begin at Media BB&T

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BB&T is one of the better cyberbanking casework captivation companies in the U.S. with $230.9 billion in assets and bazaar assets of about $37.6 billion as of June 30, 2019. Building on a continued attitude of arete in association banking, BB&T offers a advanced ambit of cyberbanking casework including retail and bartering banking, investments, insurance, abundance management, asset management, mortgage, accumulated banking, basic markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates added than 1,700 cyberbanking centers in 15 states and Washington, D.C. and is consistently accustomed for outstanding applicant account by Greenwich Assembly for baby business and average bazaar banking. Added advice about BB&T and its abounding band of articles and casework is accessible at Media Note Apropos Forward-Looking Statements
This advice contains “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995 apropos the cyberbanking condition, after-effects of operations, business affairs and the approaching achievement of BB&T and SunTrust. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “could,” “may,” “should,” “will” or added agnate words and expressions are advised to analyze these advanced statements. These advanced statements are based on BB&T’s and SunTrust’s accepted expectations and assumptions apropos BB&T’s and SunTrust’s businesses, the economy, and added approaching conditions. Because advanced statements chronicle to approaching after-effects and occurrences, they are accountable to inherent uncertainties, risks and changes in affairs that are difficult to predict. Abounding accessible contest or factors could affect BB&T’s or SunTrust’s approaching cyberbanking after-effects and achievement and could account absolute after-effects or achievement to alter materially from advancing after-effects or performance. Such risks and uncertainties include, amid others: the accident of any event, change or added affairs that could accord acceleration to the appropriate of one or both of the parties to abolish the absolute alliance acceding amid BB&T and SunTrust, the aftereffect of any acknowledged affairs that may be instituted adjoin BB&T or SunTrust, delays in commutual the transaction, the abortion to access all-important authoritative approvals (and the accident that such approvals may aftereffect in the artifice of altitude that could abnormally affect the accumulated aggregation or the accepted allowances of the transaction) or to amuse any of the added altitude to the transaction on a appropriate base or at all, the achievability that the advancing allowances of the transaction are not accomplished back accepted or at all, including as a aftereffect of the appulse of, or problems arising from, the affiliation of the two companies or as a aftereffect of the backbone of the abridgement and aggressive factors in the areas area BB&T and SunTrust do business, the achievability the transaction may be added big-ticket to complete than anticipated, including as a aftereffect of abrupt factors or events, aberration of management’s absorption from advancing business operations and opportunities, abeyant adverse reactions or changes to business or agent relationships, including those consistent from the advertisement or achievement of the transaction, the adeptness to complete the transaction and affiliation of BB&T and SunTrust successfully, and the concoction acquired by BB&T’s arising of added shares of its basic banal in affiliation with the transaction. Except to the admeasurement appropriate by applicative law or regulation, anniversary of BB&T and SunTrust disclaims any obligation to amend such factors or to about advertise the after-effects of any revisions to any of the advanced statements included herein to reflect approaching contest or developments. Further advice apropos BB&T, SunTrust and factors that could affect the advanced statements independent herein can be begin in BB&T’s Annual Report on Form 10-K for the budgetary year concluded Dec. 31, 2018, as adapted by its Quarterly Reports on Anatomy 10-Q, and added filings with the Securities and Exchange Commission (“SEC”), and in SunTrust’s Annual Report on Form 10-K for the budgetary year concluded Dec. 31, 2018, as adapted by its Quarterly Reports on Anatomy 10-Q, and its added filings with the SEC.

Additional Advice about the Alliance and Area to Find It
In affiliation with the proposed alliance with SunTrust, BB&T has filed with the SEC a allotment account on Form S-4 to annals the shares of BB&T’s basic banal to be issued in affiliation with the merger, as adapted on May 7, 2019, June 14, 2019, and June 19, 2019. The allotment account was declared able by the SEC on June 19, 2019. The allotment account includes a collective proxy statement/prospectus. BB&T and SunTrust commenced commitment the absolute collective proxy statement/prospectus to stockholders on or about June 27, 2019. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS DO AND WILL CONTAIN IMPORTANT INFORMATION ABOUT BB&T, SUNTRUST AND THE PROPOSED TRANSACTION.

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Investors and aegis holders may access copies of these abstracts chargeless of allegation through the website maintained by the SEC at SEC.gov, BB&T’s website at Media SunTrust’s website at Media Abstracts filed with the SEC by BB&T will be accessible chargeless of allegation on BB&T’s website at Media the tab “About BB&T” and again beneath the branch “Investor Relations.” Alternatively, the abstracts are accessible by commitment BB&T Corporation, 200 West Second St., Winston-Salem, North Carolina, 27101 or calling 336-733-3065. Abstracts filed with the SEC by SunTrust will be accessible chargeless of allegation by accessing SunTrust’s website at Media the tab “Investor Relations,” and again beneath the branch “Financial Information.” Alternatively, these abstracts may be acquired by commitment SunTrust Banks, Inc., 303 Peachtree St., N.E., Atlanta, Georgia 30308 or calling 877-930-8971.

SOURCE BB&T Corporation

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