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Business ProfileforTruist Bank
Additional business information
All deposit accounts have been transferred to Branch Banking and Trust Company, (BB&T), Winston-Salem, NC ("assuming institution") and will be available immediately. The former Colonial Bank locations will reopen as branches of BB&T. Each location will operate by the same schedule as branches of BB&T, and customers can keep writing checks, using debit cards and using automated teller machines as usual. Loan customers should make payments as usual. All deposits, even those above the FDIC's insurance levels, were bought by BB&T.
BB&T, with $152 billion in assets, has three branches in Anniston and Birmingham with about $150 million in deposits, ranking it No. 58 in Alabama before Friday.
Colonial had 7.54 percent of deposits in Mobile and Baldwin counties, about $640.7 million, according to federal data. It had eight offices in Baldwin County, four in Mobile County and one each in Brewton and Evergreen. All those offices will now report to a BB&T bank region based in Montgomery, officials said.
At-a-glance
Related Categories
Products & Services
Business Details
- Location of This Business
- 2501 20th Pl S Ste 200, Birmingham, AL 35223-1701
- Headquarters
- 214 N Tryon St, Charlotte, NC 28202-1078
- BBB File Opened:
- 8/1/1965
- Years in Business:
- 152
- Business Started:
- 1/1/1872
- Business Incorporated:
- 9/24/1968
- Licensing Information:
- On February 23, 2021, BB&T Equipment Finance LLC entered into a Consent Order with the California Commissioner of Financial Protection and Innovation to desist and refrain from lending in California until or unless properly licensed under the CFL and to pay an administrative penalty of $75,000.00 for engaging in the business of a finance lender in California without first obtaining a finance lender license.
For more details, go to:
https://dfpi.ca.gov/enf-b/bbt-equipment-finance-llc/
- Type of Entity:
- Corporation
- Number of Employees:
- 50
- Alternate Business Name
- BB&T
- Business Management
- Mr. Burton McDonald, Regional President
- Contact Information
Principal
- Mr. Burton McDonald, Regional President
Customer Contact
- Ms. Rebekah Knowles, Director of Administration
- Mr. Mark Brinton, Loan Officer
- Mr. Burton McDonald, Regional President
- Ms. Mary Beth Ford, Administrative Assistant
- Mr. Josh Petty, Marketing Director
- Additional Contact Information
Fax Numbers
- (205) 870-5954Primary Fax
- (205) 445-2316Other Fax
Phone Numbers
- (205) 445-2200Other Phone
- (334) 567-5141Other Phone
- (205) 870-5954
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