Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis.
The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail bank in the country, putting BB&T and SunTrust in the ranks of other megabanks like JPMorgan Chase, Bank of America and Wells Fargo.
The banks said Thursday that the combined company will have $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households, including some in Baltimore.
BB&T and SunTrust are the fifth and sixth largest...