BB&T wasn't bought out -- rather, it combined with fellow regional bank SunTrust in a "merger of equals." The merger took place in 2019 and created the seventh-largest commercial bank in the United States, with about 10 million customers. Both BB&T and SunTrust were primarily focused on the Southeast region, and the companies stopped using their old brand names a couple of years after the merger was finalized.

Who are the largest shareholders of Truist Bank?

There are only three types of investors who need to publicly disclose their holdings:Executives and directors of a publicly traded company.Hedge funds and financial institutions that are required to file a Form 13-F with the Securities and Exchange Commission.Individuals who own more than 5% of a company.Truist doesn't have any individual shareholders who own more than 5% of its stock, but it does have some major stockholders in the first two categories. Its CEO is the largest shareholder among its executives and directors, and since it's a component of several stock indices, top institutional shareholders include major index fund providers like Vanguard.

Is BB&T a public company?

Yes, BB&T is a public company, but since 2019 it has been a part of Truist Financial, which trades on the New York Stock Exchange under the ticker symbol TFC. Truist Financial was formed when BB&T and SunTrust combined in a "merger of equals."

Can I invest in BB&T?

BB&T is no longer a standalone financial institution. It merged with SunTrust in 2019 and subsequently was renamed Truist Financial, which is a publicly traded bank. By opening a brokerage account, depositing money, and buying shares of Truist, you can invest in the bank that was formerly known as BB&T.

Who Owns BB&T? | The Motley Fool

Who Owns BB&T?

Key Points

Truist Financial formed by the merger of BB&T and SunTrust, marking the largest U.S. bank merger post-2007 financial crisis.
Institutional investors hold significant Truist shares; Vanguard leads with a 9.3% stake.
Truist's board of directors is made up of 13 members, including CEO William Rogers.

Branch Banking & Trust Company, better known as BB&T, was founded in 1872 and operated under the BB&T name from 1903 through 2019 when it merged with fellow regional financial institution SunTrust Banks. The merger created Truist Financial (TFC +1.02%), which is one of the largest banks in the United States.

In this article, we'll discuss the structure of the merger, the largest shareholders, Truist's board of directors, and more.

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NYSE: TFC

Truist Financial

Today's Change

(1.18%) $0.56

Current Price

$48.45

Key Data Points

Market Cap

$60B

Day's Range

$47.96 - $48.52

52wk Range

$38.67 - $56.20

Volume

145.6K

Avg Vol

8.7M

Dividend Yield

4.30%

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Institutional Investor

An institutional investor is a professional organization or company that invests money on other people's behalf. Here's what you need to know about institutional investing.

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Individual shareholders

There are generally three types of individual shareholders who have to publicly disclose their investments in a publicly traded company like Truist:

Institutional investors
Investors who own more than 5% of the company
The company's directors and executive officers

As is common with large financial institutions, no individual shareholders own more than 5% of Truist Financial. With that in mind, here are the top five individual shareholders as reported in the company's latest regulatory filings in January 2025:

William H. Rogers, Jr. owns 1,258,081 shares of Truist. He is currently the CEO and board chairman for Truist.
Hugh Cummings owns 487,953 shares of Truist. He was the bank's chief operating officer until his resignation in early 2025.
Mike Maguire owns 96,651 shares of Truist. He is the bank's vice chief financial officer.
Dontá Wilson owns 75,615 shares of Truist and serves as chief consumer and small business banking officer.
Charles Patton owns 75,017 shares of Truist and is a member of the bank's board of directors.

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Institutional investors

As you might expect, the largest shareholders of this bank stock are institutions -- specifically those that offer index funds to investors. Here's a list of the top five:

Vanguard owns more than 119 million shares of Truist, a 9.3% stake in the financial institution.
Capital International Investors owns 107.3 million shares, an 8.4% stake.
BlackRock (BLK +0.87%) owns 106.8 shares of Truist, a stake of about 8.4%.
State Street (STT +0.17%) owns almost 60.1 million shares, a stake of about 4.7%.
Laurel Wealth Advisors owns 53.4 million shares of Truist, a roughly 4.3% stake in the bank.

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Board of Trustees

A governing body responsible for overseeing an organization's policies, finances, and strategic decisions.

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Source: Truist
NAME	ROLE	BOARD TENURE
William Rogers	Chairman	Since 2019
Jennifer Banner	Director	Since 2003
K. David Boyer	Director	Since 2009
Agnes Bundy Scanlan	Director	Since 2017
Dallas Clement	Director	Since 2015
Linnie Haynesworth	Director	Since 2019
Donna Morea	Director	Since 2012
Charles Patton	Director	Since 2013
Jonathan Pruzan	Director

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Who owns BB&T: FAQ

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About the Author

Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.

TMFMattFrankel

@MattFrankelCFP

Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Truist Financial. The Motley Fool recommends BlackRock. The Motley Fool has a disclosure policy.

Who Owns BB&T?

Key Points