Truist BankUnited States
Created on: 2016-11-01 11:31:54
Last update: 2020-07-06 16:30:38
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About Truist Bank

Truist Bank was established in December 2019 as a merger between SunTrust Bank and BB&T. SunTrust Bank was a US bank, originally established in 1891 in Atlanta when the Georgia General Assembly granted a charter for the Commercial Travelers' Savings Bank. Truist Bank offers deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provides corporate and investment banking, capital market services and mortgage banking.

Website https://www.truist.com/
Headquarters
Truist Center, 214 N. Tryon St.
Charlotte
United States
CEO/chair Kelly S. King
CEO
Supervisor
Federal Reserve
Annual report Annual report 2019
Ownership
listed on NYSE Euronext

Truist Bank's shareholder structure can be accessed here.

Related Dodgy Deals

Truist Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Atlantic Coast Pipeline United States profile

Oil and Gas Extraction | Pipeline Transportation of Natural Gas
Debt – corporate loan
USD 175 million
November 2016
Participation in syndicated loan (revolving credit) of USD 500 million to Dominion Energy
source: Dominion SEC Ex. 10.2
link
Debt – corporate loan
USD 124 million
November 2016
Participation in syndicated loan (revolving credit) of USD 5 billion to Dominion Energy
source: Dominion SEC Ex. 10.1
link
Debt – corporate loan
USD 25.5 million
October 2016
Participation in syndicated loan (revolving credit) of USD 300 million to Dominion Energy
source: Dominion SEC Ex. 10.2
link
Debt – corporate loan
USD 264 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Coastal GasLink pipeline Canada profile

Oil and Gas Extraction
Debt – project finance
CAD 315 million
28 April 2020 - 28 April 2027
SunTrust Bank co-financed a CAD 6.4 billion term loan to Coastal GasLink
source: IJGlobal data, July 2020

Dakota Access Pipeline United States profile

Electric Power Distribution | Oil and Gas Extraction
Debt – project finance
USD 120 million
2 August 2016 - 2 August 2019
source: DAPL research Rainforest Action Network
link

Mountain Valley Pipeline United States profile

Oil and Gas Extraction | Pipeline Transportation of Natural Gas
Bond issue – underwriter
USD 35 million
1 December 2016 - 1 December 2026
source: EQM filings at the SEC
link
Debt – corporate loan
USD 51 million
18 February 2014 - 18 February 2019
source: EQM filings at the SEC
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

Oil and Gas Extraction | Pipeline Transportation of Crude Oil
Debt – corporate loan
 200 million
31 May 2017
Financed CAD 200 billion as part of CAD 5.5 billion credit facility
source: Securities & Exchange Commission
link
There are no active projects for Truist Bank now.

Companies - active profiles

Bunge United States profile

Agriculture for Food Crops | Agriculture for Palm Oil
Debt – corporate loan
USD 80 million
2013 - 2018
source: Complicity in Destruction II report, Amazon Watch.
link

CoreCivic United States profile

Prisons and Immigration Detention
Bond issue – underwriter
USD 1.516 billion
31 December 2018
CoreCivic has issued bonds totalling USD 1.516 billion. SunTrust Bank underwrote one or more.
source: CoreCivic 10-K filings at sec.gov
link
Debt – corporate loan
USD 112 million
17 April 2018 - 17 April 2023
Revolving credit facility
source: Sec.gov
link
Debt – corporate loan
USD 28 million
17 April 2018 - 17 April 2023
source: Sec.gov
link

GEO Group United States profile

Prisons and Immigration Detention
Bond issue – underwriter
USD 1.150 billion
31 December 2018
GEO Group has issued four bonds, totalling USD 1.150 billion. SunTrust Bank underwrote one or more.
source: GEO Group 10-K filings at sec.gov
link
Debt – corporate loan
EUR 900 million
30 April 2018 - 19 May 2021
Co-financed a USD 900 million revolving credit facility
source: Sec.gov
link
Debt – corporate loan
USD 792 million
30 April 2018 - 23 March 2024
Co-financed a USD 792 million corporate loan
source: Sec.gov
link
There are no active companies for Truist Bank now.

Companies - on record profiles

Kinder Morgan United States profile

Electric Power Distribution | Oil and Gas Extraction | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Debt – corporate loan
USD 185 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

Dodgy Deals map

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Active profiles
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On record profiles

News

| |
Type:
Year:
blog
external news
our news

BB&T, SunTrust finish merger to become Truist in ‘seamless’ change. Here’s what’s next

2019-12-09 | The Charlotte Observer
blog
external news
our news

SunTrust, BB&T shareholders approve $66B merger

2019-07-31 | Bizjournals.com
blog
external news
our news

SunTrust is the latest bank to stop lending to detention centers

2019-07-08 | CNN Business
blog
external news
our news

BB&T, SunTrust Banks To Merge In Biggest Such Deal Since Recession

2019-02-07 | Bisnow.com
blog
external news
our news

USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
annual reports

Annual report 2019

2020-07-06 00:00:00 | Truist Bank
csr policies

Anti-money Laundering Program

Date listed represents date as accessed on website
2020-07-06 00:00:00 | Truist Bank
annual reports

Annual Report 2018

2019-12-31 00:00:00 | SunTrust Bank
annual reports

Corporate Responsibility Report 2018

2019-06-26 00:00:00 | SunTrust Bank
ngo documents

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy
bank documents

Socially responsible investing

Date listed represents date as accessed on website
2018-11-26 00:00:00 | SunTrust Bank
csr policies

Code of Business Conduct and Ethics

2018-10-12 00:00:00 | SunTrust Bank
ngo documents

Immigration detention: an American Business

2018-07-25 00:00:00 | Urban Justice Center - Corrections Accountability Project
annual reports

Annual Report 2017

2018-02-16 00:00:00 | SunTrust Bank
csr policies

Anti-money laundering questionnaire

2018-01-22 00:00:00 | SunTrust Bank
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
csr policies

Vendor code of conduct and ethics

2017-03-27 00:00:00 | SunTrust Bank
correspondence

Letter from 500 organisations to SunTrust on financing DAPL

2016-11-30 00:00:00 | 500 organisations

Policies

Voluntary initiatives

Truist Bank has committed itself to the following voluntary standards:

Investment policies

Truist Bank's webpage on corporate social responsibility can be accessed here. Truist Bank does not have publicly available investment policies.

Year:
csr policies

Anti-money Laundering Program

Date listed represents date as accessed on website
2020-07-06 00:00:00 | Truist Bank
csr policies

Code of Business Conduct and Ethics

2018-10-12 00:00:00 | SunTrust Bank
csr policies

Anti-money laundering questionnaire

2018-01-22 00:00:00 | SunTrust Bank
csr policies

Vendor code of conduct and ethics

2017-03-27 00:00:00 | SunTrust Bank

Good moves

Year:

2019

Banks step away from US private prisons

As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,…