
Investments
18Partners & Customers
10About Truist
Truist (NYSE: TFC) provides financial services to its clients. It offers 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. The company was founded in 2019 and is based and is based in Charlotte, North Carolina.

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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
Sep 27, 2023
cemagraphics/E+ via Getty Images Truist analyst Brandon King downgraded shares of regional bank SouthState Corp. (NASDAQ: SSB ) to Hold from Buy on the basis of its premium valuation along with a lack of positive earnings catalysts. While the company has an "attractive footprint, core deposit base, and pristine credit quality history," King thinks the "stock is close to fully valued," he wrote in a note. He noted the stock is changing hands at 10.3 times 2024 EPS, exceeding the peer median at 8.3x. SA gives the stock a Valuation Grade of "C-," with the poorest mark in price-to-sales. "We anticipate limited earnings upside as deposit pricing pressure is relatively higher at SSB going forward compared to peers," the note said. The Hold rating agrees with the SA Quant system rating and diverges from the average sell-side analyst rating of Buy. SBB dipped 0.8% in Wednesday morning trading.
Truist Investments
18 Investments
Truist has made 18 investments. Their latest investment was in Capteris Capital as part of their Line of Credit on September 9, 2023.

Truist Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/7/2023 | Line of Credit | Capteris Capital | $350M | Yes | Bank of America, and Truist | 2 |
8/21/2023 | Debt | Fearless | $17M | Yes | 1 | |
3/7/2023 | Line of Credit - II | Origis Energy | $750M | Yes | 2 | |
12/9/2022 | Grant | |||||
11/22/2022 | Grant |
Date | 9/7/2023 | 8/21/2023 | 3/7/2023 | 12/9/2022 | 11/22/2022 |
---|---|---|---|---|---|
Round | Line of Credit | Debt | Line of Credit - II | Grant | Grant |
Company | Capteris Capital | Fearless | Origis Energy | ||
Amount | $350M | $17M | $750M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Bank of America, and Truist | ||||
Sources | 2 | 1 | 2 |
Truist Acquisitions
8 Acquisitions
Truist acquired 8 companies. Their latest acquisition was Zaloni on August 22, 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 |
---|---|---|---|---|---|---|
8/22/2022 | Debt | $28.22M | Acquired | 11 | ||
5/3/2022 | Other | |||||
8/27/2021 | ||||||
8/10/2021 | Private Equity | |||||
12/7/2020 |
Date | 8/22/2022 | 5/3/2022 | 8/27/2021 | 8/10/2021 | 12/7/2020 |
---|---|---|---|---|---|
Investment Stage | Debt | Other | Private Equity | ||
Companies | |||||
Valuation | |||||
Total Funding | $28.22M | ||||
Note | Acquired | ||||
Sources | 11 |
Truist Partners & Customers
10 Partners and customers
Truist has 10 strategic partners and customers. Truist recently partnered with IBM on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/12/2023 | Vendor | United States | Truist prepares to use IBM's quantum computers for cybersecurity and AI Truist Financial is getting ready for quantum computing through a new partnership with IBM Quantum . | 3 | |
9/26/2022 | Partner | Truist Named Official Retail Bank for Florida State Athletics - LEARFIELD With community as a central focus of the partnership , Truist Financial Corporation and FSU Athletics will collaborate on locally focused acts of care , including days of service , programs focused on literacy and educational equity , and more . | 1 | ||
4/6/2022 | Partner | United States | `` 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 | ||||
11/18/2021 | Partner |
Date | 7/12/2023 | 9/26/2022 | 4/6/2022 | 12/8/2021 | 11/18/2021 |
---|---|---|---|---|---|
Type | Vendor | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | |||
News Snippet | Truist prepares to use IBM's quantum computers for cybersecurity and AI Truist Financial is getting ready for quantum computing through a new partnership with IBM Quantum . | Truist Named Official Retail Bank for Florida State Athletics - LEARFIELD With community as a central focus of the partnership , Truist Financial Corporation and FSU Athletics will collaborate on locally focused acts of care , including days of service , programs focused on literacy and educational equity , and more . | `` 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 . | ||
Sources | 3 | 1 | 1 |
Truist Team
12 Team Members
Truist has 12 team members, including current President, Gregory Farno.
Name | Work History | Title | Status |
---|---|---|---|
Gregory Farno | President | Current | |
Name | Gregory Farno | ||||
---|---|---|---|---|---|
Work History | |||||
Title | President | ||||
Status | Current |
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