SunTrust Banks Inc. and Crestar Financial Corp. closed
The deal was announced July 20.
Crestar, based in Richmond, Va., is operating as a wholly owned
SunTrust now operates 28 subsidiary banks in Alabama, Florida, Georgia,
The bank has 3.3 million customers.
Four Crestar directors will join the 12-member SunTrust board.
They are: Richard G. Tilghman, former chairman and chief executive
Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.
The North Dakota governor's real estate background and affordable housing policies fit with the president-elect's plan to open up federal lands for new home construction.
Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
The number of banks announcing plans to sell this year reached 108 by the end of Oct.; Truist Financial promoted Brad Bender to chief risk officer; Old Point Financial made Cathy W. Liles its chief financial officer; and more in this week's banking news roundup.
Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
