Suntrust

buildings on East Blvd. in Charlotte
Google Maps

A huge swath of homes in Dilworth is being sold to a medical affiliated company. The Charlotte Ledger business newsletter reports the homes, about two dozen, all are in an area adjacent to Atrium where the hospital already owns 25 homes. Atrium earlier this year announced plans to expand its presence in the neighborhood. 

Charlotte Observer
COURTESY OF NATE RYAN

Last week the Charlotte Observer’s parent company, McClatchy, announced it will stop printing Saturday editions at all of its papers next year. The California-based company, which also owns the Raleigh News & Observer and the Rock Hill Herald, is about $700 million in debt. 

Federal Reserve, FDIC Approve Merger Of BB&T, SunTrust Banks

Nov 19, 2019
BB&T and SunTrust
Wikipedia Commons

NEW YORK  — The Federal Reserve and the Federal Deposit Insurance Corp. on Tuesday approved the $66 billion merger between BB&T and SunTrust, clearing the last hurdles in creating the sixth-largest bank in the U.S.

bb&t and suntrust
Wikimedia Commons

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.