https://www.bizjournals.com/charlotte/news/2020/11/10/bill-rogers-president-coo-truist-financial.html
As you can see, many more closures and layoffs. Truist will be keeping LightStream Lending from SunTrust, a digital lending platform, no need for humans.
Merger-related expenses are climbing, totaling about $1.5 billion since the deal was announced in early 2019. Truist expects to exceed its original $2 billion projection early next year. Truist's core conversion is scheduled for the first half of 2022.
The bank has to balance expenses and investments with promised cost savings. Executives pledged $1.6 billion in merger-related net cost savings by the end of 2022. Truist had achieved about 35% of those savings as of this fall. The bank accelerated cost cuts to reach 40% of that goal this year, with plans to surpass the $1 billion mark in 2021.