BB&T/SunTrust Card Consolidation

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BB&T/SunTrust Card Consolidation

Two regional banks based on the East Coast of the United States will combine in an all-stock deal valued at $28.24 billion. At the close, existing shareholders of North Carolina-based BB&T will own 57% of the new company. Georgia-based SunTrust Bank’s existing shareholders will own the remaining 43%. The transaction is expected to close in the fourth quarter of this year. Charlotte, North Carolina, will be the headquarters for the new bank. That city is also the headquarters for Bank of America. The new bank is expected to adopt a new name. It will ha...

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Nilson Report

1147

February 2019

Headlines in this Issue

Charts in this Issue

U.S. General Purpose Brands

Investments & Acquisitions—January 2019

U.S. General Purpose Cards 2018 vs. 2017

U.S. Credit Card Outstandings 2018 vs. 2017

Market Shares of Purchase Volume on U.S. General Purpose Cards 2018

Purchase Transactions on Visa & Mastercard Credit & Debit Cards

Cards in Circulation Visa vs. Mastercard

U.S. General Purpose Credit Cards

U.S. Visa and Mastercard Debit & Prepaid Cards

U.S. Visa and Mastercard Credit, Debit & Prepaid

Mentioned Companies:

BB&T/SunTrust Card Consolidation

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