BB&T, SunTrust win U.S. antitrust approval to merge

Beacon Financial

08/11/2019 15:53

WASHINGTON, Nov 8 (Reuters) - BB&T Corp  BBT.N  and SunTrust
Banks Inc  STI.N  have won U.S. antitrust approval to merge on
condition that they divest 28 branches in three states, the
Justice Department said on Friday.
    The deal still needs approval from the Board of Governors of
the Federal Reserve System and the Federal Deposit Insurance
Corporation, the department said. 

 (Reporting by Diane Bartz
Editing by Chizu Nomiyama)
 ((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))