Leaders of BB&T Corp. and SunTrust Banks Inc. recently received a green light from the Department of Justice (DOJ) to proceed with the largest bank merger since the financial crisis.
The only major caveat is the institutions had to agree to divest 28 branches to resolve antitrust concerns related the transaction – the largest divestiture in a bank merger in more than a decade.
Find out more details about the deal and what reaction it has drawn.