BB&T, SunTrust Choose Hearst Tower in Charlotte for Headquarters

Date : 13/06/2019 @ 01:00
Source : Dow Jones News
Stock : Cousins Properties Inc (CUZ)
Quote : 37.4  -0.14 (-0.37%) @ 07:02
Cousins Properties share price Chart
After Hours
Last Trade
Last $ 37.40 ◊ 0.00 (0.00%)

BB&T, SunTrust Choose Hearst Tower in Charlotte for Headquarters

Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more BB and T Charts.

By Colin Kellaher


BB&T Corp. (BBT) and SunTrust Banks Inc. (STI) Wednesday said they have chosen the 46-story Hearst Tower in downtown Charlotte, N.C., as headquarters for the combined company.

The banks said they will move people to the building at 214 N. Tryon St. over the next several years, eventually occupying more than 550,000 square feet of the 970,000-square-foot tower, which is owned by Cousins Properties Inc. (CUZ).

BB&T, based in Winston-Salem, N.C., in February agreed to buy Atlanta-based SunTrust for $28.2 billion in a deal that will combine two regional lending powerhouses to create the sixth-largest U.S. retail bank. As part of the deal, the combined company is relocating its headquarters to Charlotte, which is already home to Bank of America Corp. (BAC) and a large Wells Fargo & Co. (WFC) hub.

The transaction is expected to close later this year, and the combined company will operate under a new name, which hasn't yet been announced.


Write to Colin Kellaher at


(END) Dow Jones Newswires

June 12, 2019 10:45 ET (14:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
Euro vs Au..
US Dollar ..
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20191019 05:41:06