John J. Maxfield, executive editor for Bank Director magazine
It’s hard not to be intrigued by the merger between BB&T Corp. and SunTrust Banks. After all, it’s the biggest deal in banking since the megamergers of the financial crisis. The rationale for the deal is simple. “While each one of us are doing fine today, we both recognize that to move forward with the best premiere financial institution, we needed additional scale so that we can make the technological investments necessary to provide the digital platform and other technological support features,” said BB&T Chief Executive Officer Kelly King in an interview after the announcement. Sitting next to King, SunTrust...
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John J. Maxfield is the executive editor for Bank Director magazine.