ATLANTA, April 25, 2019 /PRNewswire/ -- SunTrust Chairman
and Chief Executive Officer William H.
Rogers, Jr. and BB&T Chairman and Chief Executive
Officer Kelly S. King today spoke at
a joint public meeting of the Federal Reserve Board and the Federal
Deposit Insurance Corporation on the proposed merger of equals
between SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation
(NYSE: BBT). They were joined by SunTrust Enterprise
Community Reinvestment Officer Lynette
Bell and BB&T Director of Corporate Social
Responsibility and Community Reinvestment Sharon
Jeffries-Jones.
Both CEOs and CRA leads shared information relating to the
benefits of the proposed merger for clients and communities, along
with a summary of both institutions' strong performance under the
Community Reinvestment Act (CRA). The full transcript of remarks
delivered by Rogers and Bell is available here.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to
Lighting the Way to Financial Well-Being for the people,
businesses, and communities it serves. SunTrust leads onUp, a
national movement inspiring Americans to build financial
confidence. Headquartered in Atlanta, the Company has two business
segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust
Bank, operates an extensive branch and ATM network throughout the
high-growth Southeast and Mid-Atlantic states, along with 24-hour
digital access. Certain business lines serve consumer, commercial,
corporate, and institutional clients nationally. As of March 31, 2019, SunTrust had total assets of
$220 billion and total deposits of
$162 billion. The Company provides
deposit, credit, trust, investment, mortgage, asset management,
securities brokerage, and capital market services. Learn more at
suntrust.com.
Important Cautionary Statement About Forward-Looking
Statements
This news release contains forward-looking statements.
Statements regarding the proposed merger with BB&T, including
the benefits thereof, are forward-looking statements. Also, any
statement that does not describe historical or current facts is a
forward-looking statement. These statements often include the words
"believes," "expects," "anticipates," "estimates," "intends,"
"plans," "forecast," "goals," "targets," "initiatives,"
"opportunity," "focus," "potentially," "probably," "projects,"
"outlook," or similar expressions or future conditional verbs such
as "may," "will," "should," "would," and "could." Forward-looking
statements are based upon the current beliefs and expectations of
management and on information currently available to management.
Our statements speak as of the date hereof, and we do not assume
any obligation to update these statements or to update the reasons
why actual results could differ from those contained in such
statements in light of new information or future events.
Forward-looking statements are subject to significant risks and
uncertainties. Investors are cautioned against placing undue
reliance on such statements. Actual results may differ materially
from those set forth in the forward looking statements. Additional
factors that could cause actual results to differ materially from
those described in the forward-looking statements can be found in
Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K
for the year ended December 31, 2018 and in other periodic
reports that we file with the SEC.
Additional Information about the Merger and Where to Find
It
In connection with SunTrust's proposed merger with BB&T,
BB&T has filed with the SEC a registration statement on
Form S-4 to register the shares of BB&T's capital
stock to be issued in connection with the merger. The registration
statement includes a joint proxy statement/prospectus, which will
be sent to the shareholders of BB&T and SunTrust seeking their
approval of the proposed transaction.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY
STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON
FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION
BECAUSE THESE DOCUMENTS DO AND WILL CONTAIN IMPORTANT INFORMATION
ABOUT BB&T, SUNTRUST, AND THE PROPOSED TRANSACTION.
Investors and security holders may obtain copies of these
documents free of charge through the website maintained by the SEC
at www.sec.gov or from BB&T at its website, www.bbt.com,
or from SunTrust at its website, www.suntrust.com. Documents filed
with the SEC by BB&T will be available free of charge by
accessing BB&T's website at http://bbt.com/ under the tab
"About BB&T" and then under the heading "Investor Relations"
or, alternatively, by directing a request by telephone or mail to
BB&T Corporation, 200 West Second Street, Winston-Salem, North Carolina
27101, (336) 733-3065, and documents filed with the SEC
by SunTrust will be available free of charge by accessing
SunTrust's website at http://suntrust.com/ under the tab "Investor
Relations," and then under the heading "Regulatory & Legal" or,
alternatively, by directing a request by telephone or mail to
SunTrust Banks, Inc., 303 Peachtree Street, N.E., Atlanta, Georgia 30308,
(877) 930-8971.
Participants in the Solicitation
BB&T, SunTrust and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the shareholders of BB&T and
SunTrust in connection with the proposed transaction under the
rules of the SEC. Certain information regarding the interests of
these participants and a description of their direct and indirect
interests, by security holdings or otherwise, are included in the
joint proxy statement/prospectus regarding the proposed transaction
and will be included in other relevant materials to be filed with
the SEC when they become available. Additional information about
BB&T, and its directors and executive officers, may be found in
the definitive proxy statement of BB&T relating to its 2019
Annual Meeting of Shareholders filed with the SEC, and other
documents filed by BB&T with the SEC. Additional information
about SunTrust, and its directors and executive officers, may be
found in the definitive proxy statement of SunTrust relating to its
2019 Annual Meeting of Shareholders filed with the SEC, and other
documents filed by SunTrust with the SEC. These documents can be
obtained free of charge from the sources described above.
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SOURCE SunTrust Banks, Inc.