bb&t and suntrust
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Charlotte's reputation as a major banking center is getting a big boost. Southeastern regional banks BB&T of Winston-Salem and SunTrust of Atlanta are merging to create the nation's sixth largest bank. The combined company will have a new name, yet to be announced. And it will be headquartered in Charlotte.

WINSTON-SALEM, N.C. (AP) — BB&T says its customer service system has "substantially recovered" after an outage which impacted thousands of customers.

Spokesman Brian Davis said in a statement on Saturday that the bank was making significant progress to repair problems blamed on an equipment malfunction at a data center. He says the bank is reviewing the cause of the problem to ensure it doesn't happen again.