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Truist Cuts Hundreds of Jobs, Shifts Property Focus in Meshing BB&T, SunTrust

Bank Adopts Strategy to Occupy Real Estate Owned Instead of Leased
Truist Financial cut about 800 jobs in the first quarter. The bank is based in Charlotte, North Carolina, at a 46-story tower it bought last year. (CoStar)
Truist Financial cut about 800 jobs in the first quarter. The bank is based in Charlotte, North Carolina, at a 46-story tower it bought last year. (CoStar)
CoStar News
April 20, 2020 | 7:51 P.M.

Truist Financial, the banking company formed last year when BB&T acquired SunTrust, said it eliminated about 800 jobs in the first quarter and shifted its property strategy as it combines the two companies.

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