M&A Deal Summary

Truist Acquires Edgar M. Norris

On November 16, 2000, Truist acquired financial services company Edgar M. Norris

Acquisition Highlights
  • This is Truist’s 19th transaction in the Financial Services sector.
  • This is Truist’s 20th transaction in the United States.
  • This is Truist’s 2nd transaction in South Carolina.

M&A Deal Summary
Date 2000-11-16
Target Edgar M. Norris
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition

Target

Edgar M. Norris

Greenville, South Carolina, United States
Edgar M. Norris & Co., Inc. is an independent broker/dealer.

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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 20 of 50
Sector (Financial Services) 19 of 42
Type (Add-on Acquisition) 20 of 45
State (South Carolina) 2 of 5
Country (United States) 20 of 50
Year (2000) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-06 FirstSpartan Financial

Spartanburg, South Carolina, United States

FirstSpartan Financial Corp. is an community bank.

Buy $104M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-05 Century South Banks

Alpharetta, Georgia, United States

Century South Banks, Inc. is a banking services provider.

Buy $428M
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