Truist Financial Corporation is a bank holding company based in Charlotte, North Carolina. It was formed in December 2019 through the merger of BB&T and SunTrust Banks. The company has a history of providing services to consumers in the United States. It provides a variety of financial products and services, including mortgage lending and small business lending.
The company provides association banking, institutional trust, insurance premiums, commercial and government finance services, consumer finance, small business lending, mortgage warehouse lending, and securities underwriting. The company has approximately 2,517 banking locations throughout the U.S. The company’s primary business areas are association banking, consumer finance, and mortgage lending. In addition, it offers insurance products and services, such as retirement and health insurance.
One account that Truist offers is a money market account. This type of account is a low-cost option for many people. It has no minimum opening deposit or monthly maintenance fee. It pays a flat 0.01% APY. It also allows you to write checks from the account. This feature makes it convenient for people to use their savings to make purchases.
The company has announced that Mike Maguire has been named as its new chief financial officer. He replaces Daryl Bible, who will remain at Truist for the transition period. Maguire will serve as a member of Truist’s executive leadership team and report to CEO Bill Rogers. He will also oversee the company’s tax, treasury, investor relations, and accounting functions.