M&A Deal Summary

Truist Acquires Century South Banks

On December 5, 2000, Truist acquired financial services company Century South Banks for 428M USD

Acquisition Highlights
  • This is Truist’s 20th transaction in the Financial Services sector.
  • This is Truist’s 14th largest (disclosed) transaction.
  • This is Truist’s 21st transaction in the United States.
  • This is Truist’s 6th transaction in Georgia.

M&A Deal Summary
Date 2000-12-05
Target Century South Banks
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition
Deal Value 428M USD

Target

Century South Banks

Alpharetta, Georgia, United States
Century South Banks, Inc. is a banking services provider.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States
Category Company
Founded 1872
Sector Financial Services
Employees49,218
Revenue 23.4B USD (2023)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 21 of 50
Sector (Financial Services) 20 of 42
Type (Add-on Acquisition) 21 of 45
State (Georgia) 6 of 10
Country (United States) 21 of 50
Year (2000) 5 of 5
Size (of disclosed) 14 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-16 Edgar M. Norris

Greenville, South Carolina, United States

Edgar M. Norris & Co., Inc. is an independent broker/dealer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-09 FCNB

Frederick, Maryland, United States

FCNB Corp. is a provider of banking and non-banking services.

Buy $333M
Mergr

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