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Corporation
FINANCIAL | Retail Banking
truist.com

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Investments

8

Portfolio Exits

3

Partners & Customers

4

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 2 CB Insights research briefs, most recently on Jun 15, 2021.

Latest Truist News

Microsoft, Truist And FDIC Team Up To Create Fund To Invest In Minority-Owned Banks

Sep 16, 2021

Microsoft, Truist And FDIC Team Up To Create Fund To Invest In Minority-Owned Banks This week, the FDIC will unveil an investment fund that provides investors with a way to support banks owned by and in support of people of colour. Truist Financial and Microsoft are so-called anchor investors in the fund. Each will contribute tens of millions of dollars to support its launch. The new Mission-Driven Bank Fund will invest exclusively in banks that service lower-income, minority communities that frequently suffer from a lack of long-term capital. The launch of the investment fund marks the latest government-supported effort to help minority-owned banks, many of which have struggled to stay afloat in recent years due to larger competitors, failed loans, and financial downturns. Alongside backing from Truist Financial and Microsoft, the fund is also being supported by media giant Discovery, which has already raised approximately $120 million to date. Focusing on the importance of long-term capital, the fund indirectly endorses a new school of thinking on the most effective ways to uplift banks that support, or are owned by, minority groups. Lenders are given greater flexibility to lend capital to borrowers at a profit through longer-term investments, an important factor considering this is the key money-making fever for small-business banks. It is hoped by minority bank advocates that more large-scale corporate deposits or an increased number of certificates of deposit will enable small-business banks to effectively generate profits and help rectify racial economic inequality in the years to come.

Truist Investments

8 Investments

Truist has made 8 investments. Their latest investment was in Florida Southern College as part of their Grant on August 8, 2021.

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Truist Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/27/2021

Grant

Florida Southern College

$0.25M

Yes

2

6/16/2021

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

5/27/2021

Line of Credit

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$99M

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10

5/20/2021

Grant

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$99M

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10

Date

8/27/2021

6/16/2021

6/16/2021

5/27/2021

5/20/2021

Round

Grant

Grant

Grant

Line of Credit

Grant

Company

Florida Southern College

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Amount

$0.25M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Truist Portfolio Exits

3 Portfolio Exits

Truist has 3 portfolio exits. Their latest portfolio exit was Truist - 401(k) Advisory Business on January 06, 2021.

Date

Exit

Companies

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

Acquirer

Sources

1/6/2021

Divestiture

1

00/00/0000

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10

00/00/0000

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10

Date

1/6/2021

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

Acquirer

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Sources

1

10

10

Truist Acquisitions

6 Acquisitions

Truist acquired 6 companies. Their latest acquisition was ECN Capital - Finance Business on August 27, 2021.

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

8/27/2021

$991

Acquired Unit

2

8/10/2021

Acquired

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$991

$99M

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10

12/7/2020

Acq - Fin

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$99M

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10

2/21/2020

Corporate Majority

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$99M

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10

12/6/2019

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$991

$99M

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10

Date

8/27/2021

8/10/2021

12/7/2020

2/21/2020

12/6/2019

Investment Stage

Acquired

Acq - Fin

Corporate Majority

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired Unit

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Sources

2

10

10

10

10

Truist Partners & Customers

4 Partners and customers

Truist has 4 strategic partners and customers. Truist recently partnered with Deluxe Corporation on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/28/2021

Vendor

Deluxe Corporation

United States

Deluxe Inks New Agreement with Truist Financial Corporation

With the emergence of Truist Financial Corporation , Deluxe is furthering the partnership and relationship with the opportunity to bring more of its portfolio to Truist Financial Corporation clients .

2

1/12/2021

Sponsored

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10

6/22/2020

Partner

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10

5/13/2020

Partner

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10

Date

1/28/2021

1/12/2021

6/22/2020

5/13/2020

Type

Vendor

Sponsored

Partner

Partner

Business Partner

Deluxe Corporation

Country

United States

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News Snippet

Deluxe Inks New Agreement with Truist Financial Corporation

With the emergence of Truist Financial Corporation , Deluxe is furthering the partnership and relationship with the opportunity to bring more of its portfolio to Truist Financial Corporation clients .

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Sources

2

10

10

10

Truist Team

4 Team Members

Truist has 4 team members, including current President, Gregory Farno.

Name

Work History

Title

Status

Gregory Farno

President

Current

Thomas Ransom

Executive Vice President

Current

David Keys

Managing Director

Current

Michael Brinkley CFPCEPA

Senior Vice President

Former

Name

Gregory Farno

Thomas Ransom

David Keys

Michael Brinkley CFPCEPA

Work History

Title

President

Executive Vice President

Managing Director

Senior Vice President

Status

Current

Current

Current

Former

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