BB&T-SunTrust Faces Daunting Tech Integration After $66 Billion Merger | Bank Innovation | Bank Innovation

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BB&T-SunTrust Faces Daunting Tech Integration After $66 Billion Merger

Tatjana Kulkarni
February 7, 2019
Artificial Intelligence, Capital, Commerce, Compliance, Exclusive, Lending, Open Banking, Operations, Payments, Premium, Retail, Security & Risk
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BB&T and SunTrust Banks Agree to Combine in $66 Billion Merger

Pedestrians pass in front of a SunTrust Banks Inc. branch in Washington, D.C., U.S. Photographer: Andrew Harrer/Bloomberg

BB&T will inherit SunTrust Bank’s expansive technology as a result of its $28.2 billion all-stock acquisition of the bank announced today. But the real negotiation between the two banks is still to come. That negotiation will center on which bank’s tech stack will reign supreme at the combined financial institution. “BB&T has a great digital ...Read More

Tags BB&T lightstream mergers and acquisitions SunTrust

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