Welcome to our dedicated page for Truist Finl news (Ticker: TFC), a resource for investors and traders seeking the latest updates and insights on Truist Finl stock.
Truist Financial Corporation reports news as a large U.S. banking and financial services company serving consumer, small business, commercial, corporate, institutional and high-net-worth clients. Its recurring updates cover quarterly results, common and preferred stock dividends, share repurchase activity, debt issuance, and business-line developments across consumer banking, wholesale banking, wealth management, payments, investment banking and specialized lending.
Company announcements also address digital banking and data-access partnerships, Enterprise Payments and treasury management activity, Truist Securities advisory and capital markets capabilities, and Truist Wealth investment solutions. Truist emerged from the combination of BB&T and SunTrust and operates through Truist Bank and related financial-services businesses.
Truist Foundation, affiliated with Truist Financial (TFC), has released its Q4 2024 newsletter highlighting strategic investments in nonprofit organizations. The foundation focuses on two main areas: building career pathways to economic mobility and strengthening small businesses.
The foundation has donated $2.55 million for hurricane recovery efforts. Foundation President Lynette Bell participated in the Clinton Global Initiative's roundtable on Corporate Philanthropy, while SVP Sara Manning discussed disaster recovery at the Association of Corporate Citizenship Professionals conference.
The foundation has also announced the opening of applications for this year's Inspire Awards, and President Lynette Bell was recognized with the UNCF Women Who Lead Award.
Truist Financial (NYSE: TFC) announced that Chairman and CEO Bill Rogers will present at the Goldman Sachs 2024 US Financial Services Conference on December 10, 2024, at 10:40 a.m. ET in New York City. The presentation will be available via live audio webcast on ir.truist.com, with a 30-day replay option.
Truist is a purpose-driven financial services company and leading U.S. commercial bank with $523 billion in total assets as of September 30, 2024. Headquartered in Charlotte, North Carolina, the company provides comprehensive financial services including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending services.
Truist Financial (NYSE: TFC) announced the retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III after a 42-year career. Brad Bender, a 20-year company veteran, will succeed Starnes as chief risk officer, reporting directly to CEO Bill Rogers. Bender, who most recently served as interim chief information officer, will oversee credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions. Starnes will remain in an advisory capacity to ensure a smooth transition.
Lincoln Property Company has been appointed as the exclusive real estate provider for TIH, the seventh largest insurance brokerage in the US. Starting July 1, 2024, Lincoln's Corporate Advisory & Solutions group will manage TIH's entire real estate portfolio, providing services including portfolio optimization, strategy development, project management, and lease administration. This expands Lincoln's existing role of maintaining TIH's facilities and engineering services at over 200 locations spanning 2 million sq. ft. since January 2024. The partnership follows TIH's sale from Truist Financial to Stone Point Capital and CD&R in May 2024.
Azimuth has announced an expansion of its strategic partnership with Truist Financial Corp (NYSE: TFC) through a multi-year agreement. Truist will implement Azimuth's VALIDATOR software to deploy automated, full-population compliance monitoring across multiple consumer businesses. The partnership, which began in December 2021 with an investment from Truist Ventures, will enhance comprehensive monitoring capabilities and simplify data analysis for reporting. The implementation aims to improve efficiencies and reduce costs in Truist's compliance efforts.
Truist Foundation has donated $4 million in grants to 11 nonprofits nationwide to support economic mobility and small businesses in underserved communities. The funding addresses challenges faced by nonprofits, as 71% report increased service demand while 42% lack adequate resources in 2024. The initiative supports organizations like Project Equity, which helps transition businesses to employee ownership, and LiftFund, which provides affordable small business loans and technical assistance. LiftFund's Dream Makers Fund offers 0% interest loans and has already supported five businesses, including pressure washing and carpentry ventures.
Truist Financial (NYSE: TFC) has appointed Kerry Jessani as head of mid-corporate banking. Jessani, who brings over 20 years of experience from JP Morgan, will build and lead a coverage team focused on delivering industry-based expertise to private and public companies across the U.S. The new mid-corporate banking initiative will complement Truist Securities' national investment and corporate banking services while strengthening the company's commercial banking business. Jessani, who previously served as deputy head of specialized industries at JP Morgan's commercial banking unit, will report to Chief Wholesale Banking Officer Kristin Lesher and join Truist in February.
Truist launches Truist Life, Money, and Choices™, a free financial education program for high schools, colleges, and community organizations. The program features interactive simulation stations covering important aspects of personal finance, including budgeting, saving, investing, housing, transportation, and healthcare. Launched at Southeast Raleigh Magnet High School in April 2024, the program provides participants with realistic profiles and scenarios to make financial decisions. Students work with Truist facilitators to manage expenses and navigate unexpected financial situations, followed by debriefing sessions and access to additional resources like Truist Money & Mindset.
Truist Financial (NYSE: TFC) has announced the full redemption of all 7,500 shares of its Perpetual Preferred Stock, Series L and 750,000 related depositary shares on December 16, 2024. The redemption price will be $100,000 per preferred share and $1,000 per depositary share, plus any accrued and unpaid dividends. Regular dividends will be paid to holders of record as of November 8, 2024. After the redemption date, the shares will no longer be outstanding, and all rights of holders will cease. Truist, a leading U.S. commercial bank with total assets of $523 billion, operates in high-growth markets offering various financial services.
Truist Financial (NYSE: TFC) has announced that Dontá Wilson, Chief Consumer and Small Business Banking Officer, will present at the BancAnalysts Association of Boston Conference on November 7, 2024, at 8:55 a.m. ET. The presentation will be available via live audio webcast on Truist's investor relations website, with a replay accessible for 30 days.
Truist, headquartered in Charlotte, North Carolina, is a leading U.S. commercial bank with $523 billion in total assets as of September 30, 2024. The company provides comprehensive financial services including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending services.