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Corporation
FINANCE | Retail Banking
truist.com

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Investments

11

Partners & Customers

10

About Truist

Truist (NYSE: TFC) is the merged entity of BB&T Corp. and Atlanta’s SunTrust Banks Inc. Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. 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 Headquarter Location

Charlotte, North Carolina,

United States

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Truist Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Truist Rank

Research containing Truist

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CB Insights Intelligence Analysts have mentioned Truist in 1 CB Insights research brief, most recently on Jun 8, 2021.

Latest Truist News

Truist Buys Texas-based BenefitMall

Aug 9, 2022

New You can now listen to Insurance Journal articles! Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire BenefitMall, the country’s largest wholesale benefits general agency. Truist officials said in a news release that the purchase will bring in an extra $150 million a year for Truist’s wholesale division. Financial terms of the acquisition were not disclosed. The deal should close in the third quarter of this year, Truist said. Through a network of some 20,000 retail brokers, BenefitMall, based in Dallas, provides employee benefits to more than 140,000 small and medium-sized businesses across the country, the news release noted. Truist is a subsidiary of publicly traded Truist Financial Corp. Truist Holdings subsidiaries include McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and its Insurance Services companies (AFCO Credit Corp., CAFO Inc., and Kensington Vanguard Land Services). BenefitMall will become part of the CRC Insurance division, a spokesperson said.

Truist Investments

11 Investments

Truist has made 11 investments. Their latest investment was in Growve as part of their Line of Credit - III on January 1, 2022.

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Truist Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/4/2022

Line of Credit - III

Growve

$205M

No

6

1/4/2022

Line of Credit - II

Growve

$20M

No

6

10/11/2021

Grant - II

Tampa Bay Wave

$0.03M

Yes

2

8/27/2021

Grant

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$99M

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10

6/16/2021

Grant

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$99M

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10

Date

1/4/2022

1/4/2022

10/11/2021

8/27/2021

6/16/2021

Round

Line of Credit - III

Line of Credit - II

Grant - II

Grant

Grant

Company

Growve

Growve

Tampa Bay Wave

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Amount

$205M

$20M

$0.03M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

6

6

2

10

10

Truist Acquisitions

8 Acquisitions

Truist acquired 8 companies. Their latest acquisition was BenefitMall on August 08, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/8/2022

Other Venture Capital

$99M

$59M

Acquired

1

5/3/2022

Other

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$99M

$99M

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10

8/27/2021

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$99M

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10

8/10/2021

Private Equity

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$99M

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10

12/7/2020

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$99M

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10

Date

8/8/2022

5/3/2022

8/27/2021

8/10/2021

12/7/2020

Investment Stage

Other Venture Capital

Other

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$59M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Truist Partners & Customers

10 Partners and customers

Truist has 10 strategic partners and customers. Truist recently partnered with Atlanta Braves on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/6/2022

Partner

United States

Truist and the Braves Development Company announce new national headquarters for Truist Securities inside The Battery Atlanta

`` Today 's announcement affirms Truist Financial Corporation 's commitment to and investment in Atlanta , and is an exciting expansion of our long partnership with the 2021 World Series Champion Atlanta Braves , '' said Truist President Jenna Kelly .

1

12/8/2021

Partner

United States

Truist announces partnership with commerce platform company AutoFi

Truist Financial Corporation 's partnership with AutoFi delivers on our commitment to offer ` Technology plus Touch equals Trust . ' ''

1

11/18/2021

Partner

FSU announces new partnership with Truist - Florida State University News

`` We 're proud of our long-standing partnership with FSU and remain committed to helping students with their financial wellness , '' said Brant Standridge , chief retail community banking officer at Truist Financial Corporation .

1

10/14/2021

Partner

United States

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10

1/28/2021

Vendor

United States

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10

Date

4/6/2022

12/8/2021

11/18/2021

10/14/2021

1/28/2021

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Country

United States

United States

United States

United States

News Snippet

Truist and the Braves Development Company announce new national headquarters for Truist Securities inside The Battery Atlanta

`` Today 's announcement affirms Truist Financial Corporation 's commitment to and investment in Atlanta , and is an exciting expansion of our long partnership with the 2021 World Series Champion Atlanta Braves , '' said Truist President Jenna Kelly .

Truist announces partnership with commerce platform company AutoFi

Truist Financial Corporation 's partnership with AutoFi delivers on our commitment to offer ` Technology plus Touch equals Trust . ' ''

FSU announces new partnership with Truist - Florida State University News

`` We 're proud of our long-standing partnership with FSU and remain committed to helping students with their financial wellness , '' said Brant Standridge , chief retail community banking officer at Truist Financial Corporation .

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Sources

1

1

1

10

10

Truist Team

7 Team Members

Truist has 7 team members, including current President, Gregory Farno.

Name

Work History

Title

Status

Gregory Farno

President

Current

Thomas Ransom

BB&T

Executive Vice President

Current

Greg Hunter

Senior Vice President

Current

David Keys

Managing Director

Current

Michael Brinkley CFPCEPA

Senior Vice President

Former

Name

Gregory Farno

Thomas Ransom

Greg Hunter

David Keys

Michael Brinkley CFPCEPA

Work History

BB&T

Title

President

Executive Vice President

Senior Vice President

Managing Director

Senior Vice President

Status

Current

Current

Current

Current

Former

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