It’s the end of an era for Truist, as the newly formed bank gets closer to leaving behind the BB&T and SunTrust brands for its new name and logo early next year.
The latest on the list of places to be stripped of the old logos will be the BB&T Center in uptown: The bank is closing its BB&T branch at 200 S. College St., it confirmed this week. Truist will relocate the branch to the plaza level of its headquarters at 214 N. Tryon St.
BB&T was a major tenant of the 22-story tower before it merged with SunTrust to become Truist in late 2019.After the branch closes in February 2022, Truist will no longer have employees in the building, the bank said.
“We continue to be thoughtful in our approach to consolidate some of our redundant branches, as a result of the merger,” the bank said in a statement.
Truist also will be taking down the BB&T signage on the exterior of the building, the bank confirmed. There will be no job losses due to the branch closure. All workers will be offered roles at other locations.
Truist is now headquartered in the former Hearst Tower, a building it bought for $456 million in 2019.
Branch closures and merger changes
Truist is closing hundreds of SunTrust and BB&T branches as part of its merger-related consolidation, including 10 other locations in the Charlotte area.
The bank has already made about half of the 800 total branch closures it’s targeting by the end of the first quarter of 2022, according to its third-quarter earnings presentation.
As part of the merger, Truist also plans to reduce its non-branch office space by 4.8 million net square feet. The bank has already closed 4.3 million net square feet worth of space.
Customers also can expect a new Truist banking app and website. The bank has already migrated 7 million customers to the new digital platform.