M&A Deal Summary |
|
|---|---|
| Date | 1998-07-02 |
| Target | Franklin Bancorporation |
| Sector | Financial Services |
| Buyer(s) | Truist |
| Deal Type | Add-on Acquisition |
| Deal Value | 170M USD |
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| Category | Company |
|---|---|
| Founded | 1872 |
| Sector | Financial Services |
| Employees | 36,769 |
| Revenue | 13.3B USD (2024) |
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 | 7 of 50 |
| Sector: Financial Services M&A | 6 of 42 |
| Type: Add-on Acquisition M&A Deals | 7 of 45 |
| State: District of Columbia M&A | 1 of 1 |
| Country: United States M&A | 7 of 50 |
| Year: 1998 M&A | 5 of 6 |
| Size (of disclosed) | 23 of 34 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-07-01 |
W.E. Stanley & Co.
Greensboro, North Carolina, United States W.E. Stanley & Co., Inc. is an actuarial and employee benefits consulting firm. W.E. Stanley’s specialties included the design and administration of pension plans; defined contribution plans. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-08-27 |
MainStreet Financial
Martinsville, Virginia, United States MainStreet Financial Corp. is a financial services company. |
Buy | $554M |
