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February 18, 2019
BB&T-SunTrust merger to have no impact on McGriff clients
As you've likely heard, our parent company BB&T Corporation and SunTrust will combine to form the sixth largest U.S. bank based on assets and deposits. These two companies share a strong cultural alignment and are both dedicated to helping clients achieve economic success and financial security. Together, this merger of equals will create the premier financial services company by investing in innovative technologies and ensuring an even more distinctive client experience.
In the coming months, BB&T Corp. and SunTrust will consolidate headquarters in Charlotte, N.C., and establish a new Technology and Innovation Center there, too. The new company will have a new name and brand, which will be announced at a later date. Most importantly, both companies have significant expertise in merger integration, which will make for a smooth and seamless transition.
As a client of McGriff Insurance Services, the merger will have no impact on you. SunTrust does not have insurance operations so there will be no integration or disruption of our clients, associates, carriers or operations. You will continue to be served by the same great team. As always, please don’t hesitate to reach out to your agent with any questions you may have. We also invite you to visit ThePremierFinancialInstitution.com for the latest information on the merger.
We sincerely appreciate your business, and we hope you share our excitement about this historic event for our nearly 150-year-old parent company.