Truist Financial has been slashing branches, headcount and shuttering office space as it inches closer to the cost savings goals laid out when the company was created through the merger of BB&T and SunTrust Banks.
“We are going to hit our targets for sure,” Truist Chief Financial Officer Daryl Bible said in a call with analysts Thursday. “And if we exceed those targets, we will continue to make good investments in the company to continue to compete and win in the industry.”
https://www.americanbanker.com/news/truist-accelerates-branch-cuts-closes-in-on-expense-targets