BB&T and SunTrust Complete Merger of Equals to Become Truist

Posted on December 11, 2019

Truist Financial Corporation announced the completion of the merger of equals between BB&T Corporation and SunTrust Banks, Inc., that went into effect on Dec. 6, 2019. Truist is the sixth largest U.S. commercial bank, serving approximately 10 million consumer households and a full range of business clients, with leading...
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Howard Bank Receives Recognition for Volunteer Work

Posted on November 8, 2019

Howard Bank, a growth-focused community bank serving businesses, professionals and individuals in the Greater Baltimore area, announced that it has been recognized by the American Bankers Association for its volunteer work in greater Baltimore. The bank won an honorable mention in the national banking trade association’s annual Community Commitment...
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Bloomberg: Fed’s Barkin: Now a Good Time to Pause and Observe Policy Impact

Posted on November 6, 2019

By Craig Torres November 5, 2019 Federal Reserve Bank of Richmond President Thomas Barkin says the central bank has taken out “insurance” against uncertainty facing the U.S. economy by cutting interest rates three times and “I hope we will see over the next six months the kind of impact...
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MarketWatch: Fed’s Barkin says recession is not imminent

Posted on November 6, 2019

By Greg Robb November 5, 2019 There is a risk that U.S. businesses could convince themselves that bad times are around the corner and actually cause a downturn, said Richmond Federal Reserve President Thomas Barkin on Tuesday. Right now, firms are frustrated with political polarization and there is a...
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GBC’s Donald C. Fry ‘heartened by growth in high-paying jobs’

Posted on September 25, 2019

The Daily Record: Baltimore Area Apartment Demand Stays Strong Despite Slower Job Growth Slow job growth proved a slight drag on the Baltimore metro area’s multifamily rent growth, but demand for rental properties remained solid, according to a report released by CBRE on Sept. 24. Rents year over year...
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