coastal bank and trust careers

We are a community bank focused on serving Northeast Massachusetts and Southeast New Hampshire. Learn more about personal & business banking services today. Offering convenient personal banking & business banking solutions like checking, savings, lending, mortgages, online banking & mobile banking, and more. What do you like about working for Century Bank and Trust? Century Bank and Trust Jobs And Careers.

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Coastal bank and trust careers

Colony Bankcorp, Inc. is a single bank holding company with its corporate office located in Fitzgerald, Georgia and twenty-seven locations to serve you in Central and South Georgia, to include the cities of Albany, Ashburn, Atlanta, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Moultrie, Quitman, Rochelle, Savannah, Soperton, Statesboro, Sylvester, Thomaston, Tifton, Valdosta, and Warner Robins.

If you think banks should understand your business instead of just soliciting it, you belong at Colony.

We understand that banks should lend more than just money. Our consultative approach allows you to benefit from our experience, helping you to make better informed decisions, and ultimately leading to more of your goals being achieved.

Financial products you need.
Plus the commitment you deserve.

Since our founding in 1975, we exist to provide an alternative to traditional banking that our customers deserve. We have twenty-nine locations to serve you in Central, South, and Coastal Georgia to include the cities of Albany, Ashburn, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Moultrie, Quitman, Rochelle, Savannah, Soperton, Statesboro, Sylvester, Tifton, Valdosta, and Warner Robins.

Your Simple Banking Plan

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If you're opening a business account, there may be a few more things you'll need, check below for details.

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Step Three: Speak with a Knowledgeable Banker

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Looking to refinance?

Our professional mortgage team will be right here with you through the whole process, guaranteeing a smooth financial transition into your new mortgage.

We’re doing our part to support the community.

Colony Bank has proudly emerged as a leader for the Payroll Protection Program (PPP). We’ve disbursed over $141 million in loans to 1,677 small businesses in the communities we serve. We would be honored to assist you in taking your business to the next level.


Jobs at the University of Plymouth

Find the job that’s right for you, at a place where you can thrive
Jobs at the University of Plymouth
  • University Subsidiary Company vacancies for nursery, catering and enterprise:

Our subsidiary organisations, UCSP and UoPEL, offer a range of opportunities in the commercial and enterprise sectors. See the vacancy links below for specific job opportunities or sign up for job alerts within these organisations.

UCSP: University Commercial Services Plymouth Ltd is a wholly owned subsidiary company of University of Plymouth which provides commercial services to a range of clients. This best website to buy used cars online includes retail catering, hospitality, early years' education and childcare.

Vacancies for nursery, catering and hospitality in a University commercial environment

UoPEL: University of Plymouth Enterprise Limited offers dedicated support and expert advice to businesses across the South West. With offices in Redruth, Truro, Penryn and Plymouth; UoPEL offers a variety of locations to work from in the enterprise, innovation and growth sectors.

Vacancies in enterprise, research and consultancy, with University of Plymouth Enterprise Ltd

Work at a place where you feel valued and enjoy spending time. An environment where imagination is important and creativity counts. Work with us.

Placed second in the UK in the Times Highers’ global young universities, we’re focused on building on our strengths and have a number of roles where we are seeking people who can bring fresh perspectives and new ideas.

At the University of Plymouth, you’ll find the space to develop your talents, the freedom to ring the changes and the opportunity to grow as part of our welcoming and inclusive community.

Employing over 3,000 staff, whatever your expertise and ambition, we’ve got a career opportunity to match. From academic, teaching and research coastal bank and trust careers to technical, management and administrative roles, you’ll find opportunities at every level, across all our campuses.

Our people share a determination to push boundaries, think differently and achieve more. 

As an employee you will support our sustainability strategy from day one, starting with your induction and continuing with your engagement at the University. You’ll be crucial in building our impressive reputation in education, innovation and research.

In return, we’ll support, nurture and reward you with generous benefits, from training and development to childcare and flexible working. 

Find out more about the benefits we offer you.

Search our current vacancies in academic and professional roles at the University of Plymouth, by selecting one of our vacancy lists.*


Professor and Associate Dean International (ADI)

We are seeking to appoint a Professor to come and join the Plymouth Business School team. You will have an outstanding academic track record with a publication and research funding profile that demonstrates an internationally excellent standing in your field (such as Business Management, Accounting and Finance, Economics, International Shipping, Logistics and Operations, and Tourism and Hospitality).

You will be a research-leader, demonstrating both personal research excellence, and the potential to drive forward the International agenda of the School and Faculty. You will also possess proven experience in academic leadership and in the formulation of strategy and the translation of strategy to action. As part of your position you will also take on the role of Associate Dean International (ADI) with the post holder offering dynamic leadership across all aspects of the Faculty’s Internationalisation agenda. As an experienced academic you will have a track record in international excellence and have clear ideas about developing overseas teaching and research opportunities and activities within disciplines within the Faculty but which might also benefit the University and the wider sector. 

You will possess leadership skills to include demonstrable evidence in influencing and engaging colleagues and external stakeholders at all levels.

Further details and how to apply
<p> <b></b>‘Sunset at Emsworthy Rocks, Eastern Dartmoor' © Sarah J Boulton. CRES Research Conference 2015 photo competition winner<br></p>
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Plymouth city centre from the Hoe

Plymouth and the surrounding area offers a wide choice of affordable housing within easy commutable distance to the University campuses. The city offers a variety of options with areas such as Stoke, Peverell, Mannamead and Hartley all within close proximity to the main University campus with easy access to the city centre and parks. Just outside the city, areas such as Plympton and Plymstock offer a wide range of housing with excellent community facilities such as shops, schools and libraries. Towards the north of the city is Derriford, which is also home to Plymouth Hospitals NHS Trust, the largest hospital in the South West and location of the University’s North Campus, as well as being only 10 minutes away from Dartmoor National Park. A wide selection of large detached properties can be found within this area. Just outside of Plymouth is the South Hams, a region of rural and coastal Devon – to the north side, it stretches to the edges of Dartmoor National Park; to the south, it covers one of the most beautiful stretches of coastline in the UK from Torbay to Plymouth.

Plymouth also has a fantastic range of coastal bank and trust careers and schools available, including many judged to be good or outstanding by Ofsted, including our on-campus nursery Freshlings, which holds an Ofsted rating of 'good'.

"An important part of our University is the value we place on being a diverse and inclusive community, where we learn and benefit from our rich variety of background and beliefs. This in part is why the University of Plymouth is such an enriching place to work."

Professor Judith Petts CBE

Vice-Chancellor, University of Plymouth

Equality, diversity and inclusion

*System maintenance

Due to routine maintenance the University's online application system may be unavailable on a Tuesday evening after 17.00 for a short period.


Customer Service Representative

BMO Financial Group

 — Courtenay, BC

Actively seeking current students or new graduates for coastal bank and trust careers position. Delivers exceptional service to BMO customers and prospects.

Estimated: $38,000 - $53,000 a year

Member Service Representative 1, Regional - Union

Coastal Community Credit Union

 — Courtenay, BC

As a *Member Service Representative*, under direct supervision you will process a variety of financial and non-financial transactions for members within the…

Estimated: $36,000 - $49,000 a year

Financial Service Representative

First Credit Union

 — Courtenay, BC

Through building relationships and analyzing member needs, the Financial Service Representative advises members on the appropriate products or services with the…

$22.31 - $26.09 an hour

Personal Banking Associate

By understanding their needs and providing personalized financial solutions, our purpose is to help our customers and small businesses achieve their financial…

Financial Service Representative

First Credit Union

 — Cumberland, BC

This is an advisory position responsible for the recommendation and implementation of account, deposit and loan products offered by First Credit Union.

$23.90 - $29.37 an hour

Financial Services Representative II

To better serve our clients, you may work in multiple banking centres within a reasonable travel distance. As a Financial Services Representative, you’ll build…

Estimated: $48,000 - $68,000 a year

Member Advice Specialist - Courtenay

Coast Capital Savings Federal Credit Union

 — Courtenay, BC

With this commitment in mind, Coast Capital complies with all public health mandates (provincially and/or federally, as applicable) and has implemented various…

Estimated: $55,000 - $76,000 a year

Client Advisor - Courtenay, NVI - Comox Valley Branch

This unique position calls on your client-focused sales expertise and natural problem-solving skills to maximize each client interaction.

Estimated: $41,000 - $56,000 a year

Assistant Branch Manager

BMO Financial Group

 — Courtenay, BC

Resolves customer related issues using knowledge of bank services, products, and processes. Branch Manager supported and strategically focussed, you will be…

Estimated: $66,000 - $84,000 a year

Staff Accountant I

Peoples Security Bank and Trust

 — Headquarters, BC

Health Care (for employees and dependents). PPO and QHD Medical Plans. Accidental Death and Dismemberment Insurance. Banking Classes paid by Bank.

Estimated: $40,000 - $54,000 a year

Mobile Mortgage Advisor

You’ll leverage your banking and mortgage experience to help clients achieve their home ownership dreams. You’ll make lasting connections and provide expert…

Estimated: $54,000 - $73,000 a year

Sr. Financial Advisor

As a Senior Financial Advisor in the Imperial Service Team, you’ll expertly deliver on CIBC’s Imperial Service approach, taking responsibility for a large…

Estimated: $61,000 - $81,000 a year

Systems Administrator II

Peoples Security Bank and Trust

 — Headquarters, BC

Education/Training: Bachelor’s degree in Computer Science or related field normally required; specialized bank technology education/training.

Estimated: $52,000 - $71,000 a year

Financial Specialist

Peoples Security Bank and Trust

 — Headquarters, BC

Skill(s): Proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; proficient PC skills;…

Estimated: $57,000 - $74,000 a year

Customer Service Representative

BMO Financial Group

 — Campbell River, BC

Delivers exceptional service to BMO customers and prospects. Identifies customer needs and provides advice and guidance regarding financial solutions that are…

Estimated: $40,000 - $54,000 a year

Home Financing Advisor -Courtenay/Comox, BC

As a Home Financing Advisor (HFA) you will be responsible for maximizing the development of residential mortgage business from third party referral sources such…

Member Service Representative

First Credit Union

 — Powell River, BC

Through building relationships and analyzing member needs, the Member Service Representative advises members on the appropriate products or services to improve…

$22.31 - $26.09 an hour

Portfolio Risk Analyst I

Peoples Security Bank and Trust

 — Headquarters, BC

Health Care (for employees and dependents). PPO and QHD Medical Plans. Accidental Death and Dismemberment Insurance. Banking Classes paid by Bank.

Estimated: $43,000 - $54,000 a year

Customer Service Representative

BMO Financial Group

 — Powell River, BC

Delivers exceptional service to BMO customers and prospects. Identifies customer needs and provides advice and guidance regarding financial solutions that are…

Estimated: $38,000 - $51,000 a year

Financial Consultant 5 (In-Branch) - Union Courtenay

Coastal Community Credit Union

 — Courtenay, BC

Reporting to the Manager, Private Wealth Group, with a functional accountability to the Branch Manager, as the *Financial Consultant *you are responsible to…

Estimated: $52,000 - $73,000 a year

We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals.

Wealth Management

We have global expertise in market analysis and in advisory and capital-raising services for corporations, institutions and governments.

Investment Banking & Capital Markets

Global institutions, leading hedge funds and industry innovators turn to Morgan Stanley for sales, trading and market-making services.

Sales & Trading

We offer timely, integrated analysis of companies, sectors, markets and economies, helping clients with their most critical decisions.


We deliver active investment strategies across public and private markets and custom solutions to institutional and individual investors.

Investment Management

We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology.

Morgan Stanley at Work

We offer sustainable investment products, foster innovative solutions and provide actionable insights across sustainability issues. 

Sustainable Investing

From our startup lab to our cutting-edge research, we broaden access to capital for diverse entrepreneurs and spotlight their success.

Inclusive Innovation


Truist Financial

Banking company in the U.S.

Truist Financial logo.svg

Traded as

IndustryFinancial services
Founded1872; 149 years ago (1872) (as BB&T)[2] 1897; 124 years ago (1897) (as Southern National)[3]
1891; 130 years ago (1891) (as SunTrust)[4]
2019; 2 years ago (2019) (as Truist)[1]
HeadquartersTruist Center[5]
214 North Tryon Street
Charlotte, North Carolina, U.S.

Number of locations

2,781 branches[6]

Area served

North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Coastal bank and trust careers, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C.

Key people

Kelly King, Chairman[7]
William H. Rogers Jr., President & CEO[7]
Daryl N. Bible, CFO[7]
ProductsCommercial and Consumer banking
Investment banking
RevenueIncreaseUS$20.370 billion (2020)

Net income

Increase US$4.492 billion (2020)
Total assetsIncrease US$509.228 billion (2020)[8]
Total equityIncrease US$70.912 billion (2020)

Number of employees

54,982 (2020)
DivisionsTruist Bank[1]
Truist Securities[9]
Truist Insurance Holdings[10]
Footnotes / references

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina.[12] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.[13][14] Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.[11] It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets.[8][15] As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.[16][10]


History of BB&T[edit]

In 1872, Alpheus Branch and Thomas Jefferson Hadley founded the Branch and Hadley merchant bank in their hometown of Wilson, North Carolina. After many transactions, mostly with local farmers, Branch bought out Hadley's shares in 1887 and renamed the company Branch and Company, Bankers.[17] Also in 1887 the bank moved to its new headquarters on Nash Street in downtown Wilson, North Carolina.[2] Two years later, Branch, his father-in-law Gen. Joshua Barnes, Hadley, and three other men secured a charter from the North Carolina General Assembly to operate the Wilson Banking and Trust Company. After many more name changes, the company finally settled on the name Branch Banking and Trust Company. Branch remained an active member of the company until his death in 1893. The 1903 Branch Banking and Trust Company Building at Wilson was listed on the National Register of Historic Places in 1978.[17]

BB&T sold Liberty Bonds during World War I and grew to have more than $4 million in assets by 1923. BB&T Insurance Services was added in 1922 and a mortgage division was added in 1923. Even though banks across the United States failed as a result of the 1929 Stock Market Crash, BB&T survived; it was the only one to do so in the town of Wilson.[18]

History of Southern National Bank[edit]

In 1897 coastal bank and trust careers Bank of Lumberton was started by Angus Mclean in Lumberton, North Carolina, the predecessor of Southern National. The founding board members of the bank were Angus Mclean, Thomas McNeill, R.D. Caswell, C.B. Townsend, S.A. Edmund, R.L. Steele, W.L.F. Steel, T.C. Guthrie, H.B. Jennings. The board was composed of members from Lumberton, Rockingham, North Carolina, and Bennettsville, South Carolina. Thomas McNeill was selected to be the bank's first president. Unfortunately he resigned a year coastal bank and trust careers when he was appointed a judge. After McNeill resigned Mclean became president. Mclean did not simply view himself as a banker, he wanted to build companies that had a good return on their investment, created jobs, and benefited the communities they operated within. In 1955 Hector MacLean, Angus Mclean's son, was named president. The Bank of Lumberton changed names to Southern National Bank in 1959.[19]

In 1979, Carolina State Bank of Gastonia, started in 1971, became part of Southern National.[20] In 1982, Southern National took over Winston-Salem-based Forsyth Bank & Trust, led by Glenn Orr.[21] In 1985, Southern National had assets of $1.5 billion. With the purchase of a former Northwestern Bank branch in Hickory, which had to be sold after the First Union-Northwestern merger, Southern National had 99 branches in 26 counties.[22] In 1986, Southern National Corporation entered South Carolina with the $10 million purchase of Horry County National Bank of Loris. Later that year, Southern National announced the $5.6 million purchase of First Palmetto Bancshares Corp. of Columbia and the $9.75 million purchase of Capital Bank and Trust Co. of Belton. At the time, Southern National was North Carolina's seventh-largest banking company.[23] Also in 1986, Southern National sold its Southern National Mortgage Co. to NCNB for an estimated $7 million. Southern National had not intended to sell the business but NCNB made a good offer and the bank could use the money for its South Carolina purchases. NCNB had exited the mortgage business in 1981 to concentrate on interstate banking, though NCNB bought Bank of North Carolina in 1982 and sold that bank's mortgages to Southern National.[24] In May 1989, Southern National announced its purchase of Allied Bankshares Inc. of Thomson, Georgia. The $59 million deal fell apart but would have been the first acquisition of a Georgia bank by a mid-sized N.C. bank.[25][26] Another failed deal in 1990 would have given Southern National $1 billion in South Carolina assets and 53 offices in the state. NBSC had $540 million in assets, while Southern National Corp. had $3.4 billion and was N.C.'s fifth largest bank holding company. NBSC shareholders objected to the $53 million deal.[26]

In 1990 Hector MacLean retired from the bank. During his presidency the bank changed its name, grew from $3 million in assets to $3.3 billion, and grew to 148 branches. MacLean's successor was Glenn Orr.[19] Early in 1993, Southern National completed its purchase of First Federal Savings Bank in Winston-Salem,[27] putting Southern National behind only Wachovia in Forsyth County deposits. Southern National had $4.5 billion in assets, $3.9 billion of those in North Carolina, and was the state's sixth largest banking company. The company's North Carolina banking operations began moving to Winston-Salem, though Orr and the corporate headquarters stayed in Lumberton. One reason for the move was the 20-story, 239,000-square-foot (22,200 m2) One Triad Park, which had 74,000 square feet (6,900 m2) of space Southern National could move into immediately. One of the other contenders, Greensboro, would not have a new building ready, and the bank would need a temporary home.[28][29][30] With Southern National taking 80,000 square feet (7,400 m2) on eight floors, the building's name changed to Southern National Financial Center on May 3.[31]

Also in 1993, Southern National announced the purchase of Goldsboro-based East Coast Federal Savings Bank, with $256 million in assets, which Orr called "one of the best savings banks in the state."[27] The deal would make Southern National number one in deposits in Fayetteville, the state's fifth-largest banking market.[27] In 1993, Southern National announced the acquisition of First Savings Bank, FSB, headquartered in Greenville, South Carolina. With just over $2 billion in assets, it was the third largest financial institution in South Carolina.[32] Orr along with the BB&T Chairman John Allison helped facilitate the Southern Nation BB&T merger.[19]

Merger with Southern National Bank[edit]

In 1995, the bank merged with Southern National Bank, another bank with roots in the eastern part of the state. This gave BB&T 437 branches in 220 cities in the Carolinas and Virginia. The merged company became Southern National Corp., but all of its banking subsidiaries took the BB&T name. With $19 billion in assets, BB&T had the most North Carolina deposits and branches of any bank. Southern National head Glenn Orr and new BB&T chairman John Allison said the merger likely created a bank that would be too rich to be taken over by an out-of-state bank. Orr retired once the merger was complete.[33] The headquarters became BB&T Financial Center in Winston-Salem, North Carolina.[34]

In 1997, Southern National Corp. took over United Carolina Bank, another eastern North Carolina-based bank, in a $985 million deal announced in November 1996. UCB had $4.5 billion in assets. 400 tiny homes for sale in raleigh nc worked in Whiteville but despite losing the headquarters, the town would eventually have 500 BB&T employees working at a 250-employee call center and other operations.[35][36][37] Starting September 22, 1997, 91 UCB branches began the process of changing to BB&T, and 67 other branches of the two banks closed starting in October because they were close to other BB&T locations.[38][39]

On May 19, 1997, Southern National Corp. changed its name to BB&T Corp. and its stock symbol SN to BBT.[40]


The bank continued to expand nationwide through the 1990s, purchasing Fidelity Financial Bankshares,[41] First Financial of Petersburg, Md., Maryland Federal Bancorp,[42] and Franklin Bancorporation.[43] In 1998, BB&T acquired MainStreet Financial of Martinsville, Va.,[44][45] and Mason-Dixon Bancshares of Westminster, Md.,[46] and further expanded into Georgia and West Virginia after purchasing First Liberty of Macon, Ga.,[47] and Matewan Bancshares.[48]-

In 2000, BB&T purchased One Valley Bancorp, which was itself formed from a combination of community banks throughout West Virginia. This move gave BB&T the largest bank presence in West Virginia. In 2002, BB&T completed its acquisition of MidAmerica Bancorp of Louisville, Ky. (Bank of Louisville) and AREA Bancshares Corporation of Owensboro, Ky.[49][50][51] In 2003, BB&T completed its acquisition of First Virginia Banks of Falls Church, Va. In 2005, the bank acquired Main Street Banks of metro Atlanta for $622 million.[52] In 2006, the bank acquired Coastal Federal Bank, based in Myrtle Beach.[53]

In late 2008, the bank accepted $3.1 billion in bailout money through the sale of preferred shares to the U.S. Treasury's Troubled Asset Relief Program. In June 2009, the bank repurchased the shares.[54] Also in June 2009, its chairman, John A. Allison IV delivered a keynote address to a meeting of the Competitive Enterprise Institute, where he claimed to show how government regulation caused the financial crisis of 2007–2008.[55] In July 2008, the company acquired Puckett, Scheetz & Hogan.[56] In December 2008, the company acquired J. Rolfe Davis.[57] On August 14, 2009, the bank acquired Colonial Bank after its seizure by the FDIC. This acquisition added more than 340 branches in Alabama, Florida, Georgia, Nevada, and Texas, along with approximately $22 billion in assets.[58][59] BB&T sold the Nevada branch to U.S. Bancorp in January 2010.[60]

The company acquired Atlantic Risk Management.[61] In November 2011, the company acquired Precept, an employee benefits consulting firm.[62] In July 2012, the bank acquired BankAtlantic, and its $2.1 billion in loans and $3.3 billion in deposits.[63] The company also began selling flood insurance online.[64] In December 2013, the bank acquired 21 Citigroup branches in Texas for $36 million, adding $1.2 billion in deposits.[65] In September 2014, the bank acquired 41 more Citigroup branches, adding $2.3 billion in deposits.[66]

In June 2015, the bank acquired Bank of Kentucky for $363 million, which added $1.9 billion in assets and gave BB&T a presence in the Northern Kentucky-Cincinnati market and its first branches in Ohio.[67] In August 2015, the bank acquired Susquehanna Bank for $2.5 billion, adding 240 branches and $18.7 billion in assets, and marking the bank's entry into Pennsylvania and New Jersey.[68] In April 2016, the company acquired Swett & Crawford, a wholesale insurance broker.[69] In April 2016, the bank acquired National Penn for $1.8 billion, which added 124 branches in Pennsylvania, New Jersey, and Maryland, $9.6 billion in assets, and $6.7 billion in deposits.[70] On August 29, 2018, BB&T announced as many as 630 employees would move from its former corporate headquarters on West Nash Street in Wilson to a $35 million, 95,000-square-foot facility on Pine Street. On October 16, 2018, BB&T announced plan to move 500 employees into a 100,000-square-foot, $10 million building in Whiteville, N.C.[71]

On August 11, 2021 Truist announced it will acquire Service Finance Co. for $2 billion in cash. The deal should close later in 2021. Service Coastal bank and trust careers CO. employees will continue to work out of their base in Boca Raton, Florida. The acquisition will add to Truist's point of sale lending business.[72]

Insurance Services[edit]

BB&T has been in the insurance business since 1922. In the late '80s and early '90s the division was losing money. In 1990 Henry William and Wade Reece, a BB&T branch manager, met to discuss how to make the business profitable again. In 1995 the insurance services division made 6 acquisitions of insurance companies based across North Carolina. In July 1999 the insurance services division had acquired 24 insurance companies in North Carolina, 15 in Virginia, 3 in South Carolina, and 1 in Georgia.[73] By 2010 BB&T's insurance division had grown to be the sixth largest broker in the US and the seventh largest in the world with $1 billion in annual revenue. The division has completed 60 mergers since 1999. In 2002 CRC was acquired, whose businesses include specialty and high risk clients. TAPCO and Southern Cross were also acquired and merged into CRC.[74] In February 2008, the division acquired Burkey Visa login canada Services.[75] In April 2008 UnionBanc Insurance Services was acquired.[76] In November 2009, the division acquired Oswald Trippe.[77]

In September 2011 Liberty Benefit Insurance Services, an agency operating in California, was acquired.[78] In February 2012, the division acquired the life insurance, property, and casualty insurance divisions of Crump Group.[79] In March 2014, the Insurance Services division acquired Woodbury & Co., an insurance broker operating in the Carolinas.[80] In April 2014 Caledonian Insurance Group was, a company which specialized in insurance brokerage services for the aviation industry.[81] In April 2015, Coastal bank and trust careers subsidiary CRC Insurance Services acquired the assets of Napco LLC, a broker of catastrophic commercial insurance.[82] In the June 2015 acquisition of Bank of Kentucky part of the deal was also American Coastal Insurance which increased BB&T's ownership in AMRisc.[83] In April 2018 the insurance service division announced it was purchasing Regions Insurance Group which was owned by Regions Financial Corporation[84] and the purchase was completed in July 2018.[85] The business was based in Memphis, Tennessee and had offices in 10 states. This acquisition significantly added the insurance division's retail and whole lines of business.[84] The acquisition provided BB&T Insurance Services with 60,000 new clients in multiple states.[86]

In June 2020 BB&T Insurance Holdings rebranded as Truist Insurance Holdings and moved its headquarters to Charlotte, North Carolina inside the Truist Center, Truist's corporate headquarters.[10] Insurance Services has been an important area of growth for Truist, in 2020 it accounted for 10% of Truist's revenue. Kelly King CEO of Truist stated the company's goal is to have the insurance division eventually make up 14% to 15% of Truist's revenue. The division has continued acquisitions with 5 closing at the end of 2020 to add $100 million in revenue. With the closing of those deals the division has made over 100 insurance acquisitions.[87] In May 2021 the insurance division announced it will acquire Constellation Affiliated Partners in the third quarter. The insurance division plans to keep Constellation Affiliated Partners 475 employees and merge them into CRC. The acquisition will add $160 million in revenue to Truist Insurance Holdings current revenue of $2.3 billion. Truist Insurance has three main segments: retail, insurance premium finance and wholesale. John Howard, CEO of Truist Insurance, stated this about the division's approach "We are normally working on acquisition opportunities. We're in an industry that is consolidating, and we have a really good track record, I really think diversification is attractive, and we're already the most diversified insurance broker, so I want to continue to build on that. And for Truist overall, we provide diversification away businesses, so that we perform well throughout a variety of market cycles."[88]

History of SunTrust Banks[edit]

SunTrust Banks is the combination of three companies, two banks based in Georgia and an investment company. The three companies are Trust Company of Georgia, Sun Bank, and The Robinson-Humphrey Company.[4][89][9]

On September 21, 1891 what subsequently became the Trust Company of Georgia was started by John M. Green, Joel Hurt, H. L. Atwater, W. A. Hansell, T. J. Hightower, J. G. Oglesby, J. D. Turner, John B. Daniel, Joseph Hirsch, Leon Lieberman, Louis Wellhouse, A. J. McBride, D. O. Dougherty, W. A. Gregg, W. W. Draper, A. C. Hook, W. T. Ashford, George W. Brooke, C. I. Branan, and C. D. Montgomery.[4][90] In November 1893, it restructured as a trust company and renamed itself Trust Company of Georgia.[90]

The earliest predecessor of Sun Bank was founded in 1911 as The People's National Bank in Orlando, Florida. In 1920, it became the First National Bank. In the early 1930s, during the Great Depression, the First National Bank and Trust Company failed. It was reorganized on Valentine's Day 1934 as the First National Bank at Orlando.[4] In 1973, the bank merged with other Orlando banks to become SunBanks.[91] As of December 31, 1973, it had three bank-related subsidiaries and total assets of $1.713 billion.[92] In 1985 the Trust Company of Georgia and Sun Banks Inc. merge to form SunTrust Banks Inc.[89]

The Robinson-Humphrey Company was founded as a municipal bond shop by Roby Robinson in 1894. Robinson and William G. Humphrey, a bond trader from Toledo, Ohio, eventually incorporated The Robinson-Humphrey Co. in 1902. It blossomed into the leading investment banking firm in the South under Chairman Justus Martin Jr., who helped broaden its ties to Atlanta corporations, European clients and the firm's wealthy families who were brokerage clients.[93] Martin was at the helm when Robinson-Humphrey commissioned the building of the bold Atlanta Financial Center in city's tony Buckhead business district in the early 1980s.[94] In 1982, Martin sold Robinson-Humphrey to American Express, which was then run by another Atlanta deal maker and fellow Georgia Tech grad, James Robinson (no relation to Roby Robinson). Under AmEx, the firm operated as part of Shearson Lehman Brothers Inc.[95] In 1993, deal maker Sandy Weill orchestrated a deal for Shearson's retail division, and Robinson-Humphrey was included in the sale, using the Smith Barney unit of Primerica Corp.[95] The company was acquired by SunTrust in 2001.[95] In June 2020 SunTrust Robinson Humphrey and BB&T Capital Markets combined to form the new Truist Securities.[9]

BB&T/SunTrust merger[edit]

On February 7, 2019, It was reported that Winston-Salem-based BB&T and Atlanta-based SunTrust Banks would come together in a merger of equals to create the eighth-largest US bank. It would be the biggest bank deal since the 2007-2009 financial crisis. The bank also announced the move of its headquarters to Charlotte, North Carolina, retaining significant operations in Winston-Salem.[96][97] It was subsequently announced that Winston-Salem would be the bank's headquarters for community banking, while Atlanta would be the hub for wholesale / retail banking.[98]

On June 12, BB&T and SunTrust announced that the merged company would be called Truist Financial Corporation.[14] This name resulted from research that included hiring Interbrand, seeking opinions of employees of both banks, and focus groups.[99] The new name drew criticism from analysts and customers of both banks on social media.[100][101]

On June 17, Truliant Federal Credit Union of Winston-Salem filed suit claiming "trademark infringement", complaining of potential confusion between the two companies’ respective names, including Truliant products with "Tru" in their names.[99] The parties agreed to dismiss claims on August 5, 2020 and the lawsuit was closed the next day.[102]

The merger was completed at midnight December 6, 2019.[1] BB&T CEO Kelly King retained the same position with the new company. Customers of both banks were given free access to all of Truist's ATMs free of charge.[103] The merged bank will continue to operate under the BB&T and SunTrust names until the two banks' computer hardware, software and networking systems are streamlined, a process that could take as long as two years.[104] Due to delays related to the COVID-19 pandemic, Truist announced in April 2021 that core conversion to combine the branches will be performed in early 2022.[105] However, on the day the merger closed, SunTrust Bank merged into Branch Banking & Trust Company, forming Truist Bank as the merged company's legal banking entity.

On December 11, 2019, Truist officially exercised its option to purchase Hearst Tower in downtown Charlotte from Cousins Properties. Truist moved its corporate headquarters to Hearst Tower, which was renamed to Truist Center.[106] Truist had taken over 550,000 square feet (51,000 m2) of 965,000 square feet (89,700 m2) total.[107] The bank announced the deal was completed March 31, 2020. However, due to the COVID-19 pandemic, further actions will be delayed.[108]

Truist unveiled its logo in January 2020, with two Ts representing touch and technology, and a shade of purple combining the blue of SunTrust and the burgundy of BB&T.[109] In November 2020, the bank used helicopters to lift up four signs to the top of the former Hearst Tower. The "Truist" wordmark appears on the North Tryon Street and North College Street sides of the building, while the other two sides displayed the Truist logo. This signage has caused a lot controversy, even leading the building's original architect to refer to the signage as vandalism.[110]

In February 2020, Truist announced it would be launching a nonprofit foundation called the Truist Foundation.[111]

In March 2020, Truist announced it would vacate its former headquarters building in Winston-Salem except for a branch office and would move employees in its community/retail hub to other locations in the city, including the Park Building coastal bank and trust careers Cherry Street and two locations on Stratford Road.[112]

The merger is estimated to cost $4 billion. Part of these costs will be severance for workers laid off, conversion costs, marketing and professional fees.[7] However, through the merger the bank estimates that $1.6 billion in net cost savings will be achieved by the end of 2022.[113] Part of this savings will be fewer branches. Truist intends to close 800 branches by the first quarter of 2022. Also office consolidation will shave off 4.8 million square feet.[7]

On September 5, 2021, former SunTrust Banks CEO Bill Rogers became chief executive officer of Truist Financial Corporation.

Buildings and branches[edit]

See also[edit]


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External links[edit]

coastal bank and trust careers

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