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Shareholders approve $66B BB&T-SunTrust merger; $1,500 bonuses for employees

Source: Lehigh Valley Business

North Carolina-based BB&T Corp. said its shareholders approved a merger of BB&T and Georgia-based SunTrust Banks Inc. valued at $66 billion and adopted Truist Financial Corp. as the new name of the combined company. Additionally, about 40,000 employees at both companies will each receive $1,500 bonuses.

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