| Truist
Moving to Close 72 Bank Branches
Amid Merger Fallout Covered Up
by US Regulators
By Matthew R.
Lee, FOIA
docs
NEW YORK CITY,
Jan 5 – Back when
BB&T
announced a
$66 billion
proposal to
take over
Suntrust
Bank, they
said they
would
close an
undisclosed
number of
branches.
Then after
Federal
Reserve Governor
Lael Brainard
was asked
by Inner
City Press /
Fair Finance
Watch
about the
Fed's lax
review of previous
mergers, conveniently,
the Fed "announce[d]
termination of
enforcement
action with
BB&T
Corporation" for
money
laundering.
Now in January
2024, the
re-named Truist
says it will
close 72
branches by
March. Nine
branches are
set to close
in North
Carolina and
seven in the DC metropolitan
area; also
in
Alabama,
Georgia (8),
Kentucky,
Maryland and
West Virginia. This is the
result of the
mergers the regulators
allow, then don't
follow up on.
We'll
have more on this - watch this
site.
***
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