UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
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| ITEM 8.01 | OTHER EVENTS |
BB&T Corporation (“BB&T”) and SunTrust Banks, Inc. (“SunTrust”) issued a joint press release on November 19, 2019, announcing that BB&T has received regulatory approval from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and all required state regulators to complete the merger of equals with SunTrust pursuant to the Agreement and Plan of Merger, dated as of February 7, 2019 and amended as of June 14, 2019, by and between SunTrust and BB&T. A copy of the joint press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
In connection with the approvals, the Board of Governors of the Federal Reserve System announced that it will not object to the updated capital plan submitted by BB&T to reflect the merger. BB&T will not determine the specific capital actions it plans to take until the finalization of purchase accounting and a review of the resulting capital ratios following the closing of the merger.
Completion of the merger remains subject to customary closing conditions. Assuming such conditions are satisfied, the merger closing is expected to occur on December 6, 2019.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description | |||
| 99.1 |
Joint Press Release issued by BB&T and SunTrust, dated November 19, 2019. | |||
| 104 |
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BB&T CORPORATION | ||
| (Registrant) | ||
| By: |
/s/ Cynthia B. Powell | |
| Cynthia B. Powell | ||
| Executive Vice President and Corporate Controller (Principal Accounting Officer) | ||
Dated: November 19, 2019