The biggest banking merger in a decade between BB&T and SunTrust won't result in job cuts for employees who deal with customers, the CEOs promise.
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Regional banks BB&T, SunTrust join to create $66B operatorATLANTA (AP) — Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion. The banks said Thursday that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households.
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