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JPMorgan Chase & Co. is an American multinational financial institution headquartered in New York City and incorporated in Delaware.It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023. As the largest of Big Four banks, the firm is considered systemically important by the Financial Stability Board.
- December 1, 2000; 22 years ago
- 383 Madison Avenue, New York City, U.S.
- 293,723 (2022)
- US$128.7 billion (2022)
Taiwan,[II][k] officially the Republic of China (ROC),[I][l] is a country[27] in East Asia.[o] It is located at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ...
- History of BB&T
- History of Southern National Bank
- Merger with Southern National Bank
- Acquisitions
- Insurance Services
- History of Suntrust Banks
- Bb&T/Suntrust Merger
- Slavery
- Post-Merger Deals
In 1872, Alpheus Branch and Thomas Jefferson Hadley founded the Branch and Hadley merchant bank in their hometown of Wilson, North Carolina. After many transactions, mostly with local farmers, Branch bought out Hadley's shares in 1887 and renamed the company Branch and Company, Bankers. Also in 1887, the bank moved to its new headquarters on Nash S...
In 1897, the Bank of Lumberton was started by Angus Mclean in Lumberton, North Carolina, the predecessor of Southern National. The founding board members of the bank were Angus Mclean, Thomas McNeill, R.D. Caswell, C.B. Townsend, S.A. Edmund, R.L. Steele, W.L.F. Steel, T.C. Guthrie, H.B. Jennings. The board was composed of members from Lumberton, R...
In 1995, the bank merged with Southern National Bank, another bank with roots in the eastern part of the state. This gave BB&T 437 branches in 220 cities in the Carolinas and Virginia. The merged company became Southern National Corp., but all of its banking subsidiaries took the BB&T name. With $19 billion in assets, BB&T had the most North Caroli...
The bank continued to expand nationwide through the 1990s, purchasing Fidelity Financial Bankshares, First Financial of Petersburg, Md., Maryland Federal Bancorp, and Franklin Bancorporation. In 1998, BB&T acquired MainStreet Financial of Martinsville, Va., and Mason-Dixon Bancshares of Westminster, Md., and further expanded into Georgia and West V...
BB&T has been in the insurance business since 1922. In the late '80s and early '90s the division was losing money. In 1990 Henry William and Wade Reece, a BB&T branch manager, met to discuss how to make the business profitable again. In 1995 the insurance services division made 6 acquisitions of insurance companies based across North Carolina. In J...
SunTrust Banks is the combination of three companies, two banks, one based in Georgia and one based in Florida, and an investment company. The three companies are Trust Company of Georgia, Sun Bank, and The Robinson-Humphrey Company. On September 21, 1891 what subsequently became the Trust Company of Georgia was started by John M. Green, Joel Hurt,...
On February 7, 2019, It was reported that Winston-Salem-based BB&T and Atlanta-based SunTrust Banks would come together in a merger of equals to create the eighth-largest US bank. It would be the biggest bank deal since the 2007-2009 financial crisis. While BB&T would be the nominal survivor, the merged bank would be headquartered in Charlotte, Nor...
In 2020, Truist Financial acknowledged and apologized for the company's historical connections to slavery. Kelly King, chairman and chief executive of Truist, issued an employee memo addressing BB&T's slavery ties, but did not mention BB&T's founders Alpheus Branch and Thomas Hadley by name. Prior to the Civil War, Alpheus Branch's father Samuel ow...
On December 10, 2020 Truist Insurance Holdings announced it will acquire 5 companies in the fourth quarter. Those include: W. Brown & Associates Property & Casualty, Specialty Risk Associates, Program Insurance Management of Sarasota, Wellington Risk Holdings Inc. and Fidelis Group Holdings. These companies will add $100 million in revenue. In May ...
Guallatiri is a stratovolcano in Chile that is 6,060–6,071 m (19,880–19,918 ft) high. It is located southwest of, or possibly within, the Nevados de Quimsachata volcanic group. The summit, surrounded by numerous fumaroles, may be a lava dome or volcanic plug, while the lower flanks of the volcano are covered by lava flows and lava domes.
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown. As of October 19, 2023, there were 4,049 commercial banks and 565 savings and loan associations in the U.S ...
Singapore, officially the Republic of Singapore, is an island country and city-state in maritime Southeast Asia.It is located about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to ...
Seinfeld (/ ˈ s aɪ n f ɛ l d / SYNE-feld) is an American television sitcom created by Larry David and Jerry Seinfeld.It aired on NBC from July 5, 1989, to May 14, 1998, with a total of nine seasons consisting of 180 episodes.The show's ensemble cast stars Seinfeld as a fictionalized version of himself and focuses on his personal life with three of his friends: best friend George Costanza ...
