Truist

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There's a lot of young tobacco and vape users who are angry right now. That’s because the Food and Drug Administration began to immediately enforce a ban on the sale of tobacco to anyone under 21 on Dec. 20, the same day that President Trump signed legislation raising the minimum age of purchase. 

Truist

Charlotte-based Truist Financial Corp. unveiled its new logo Monday. The new bank, which is a merger between BB&T and SunTrust banks, will now feature a dark purple background with two sideways Ts inside a square.

buildings on East Blvd. in Charlotte
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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. 

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The newly formed Truist Financial Corp. will buy Hearst Tower in uptown Charlotte for $455.5 million and rename the building Truist Center.

bb&t and suntrust
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The $66 billion merger between Winston-Salem’s BB&T and Atlanta’s SunTrust is set to be finalized this week.  The new bank, to be called Truist, will be headquartered in the Hearst Tower in uptown Charlotte. 

For more on what happens next with the merger and other business news "Morning Edition" host Marshall Terry is joined by Tony Mecia of the Charlotte Ledger business newsletter for our segment BizWorthy. 

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.

The uptown Charlotte skyline is seen Nov. 2, 2019, from Bland Street in Charlotte's South End neighborhood.
DAVID BORAKS / WFAE

More big change is in the works for Charlotte’s South End. Two companies announced last week they’re building a 23-story office tower. Lowe’s is also building an office tower for 2,000 tech workers.

It’s a shift for the neighborhood that for the past several years has been marked by the rise of countless apartment complexes.