Truist Financial Corp
NYSE:TFC

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Truist Financial Corp
NYSE:TFC
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Price: 43.99 USD 1.03%
Market Cap: 58.9B USD
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Truist Financial Corp
Investor Relations

At the heart of the Southeastern financial landscape lies Truist Financial Corp., a banking titan born from the union of two storied institutions: BB&T and SunTrust. This merger, completed in December 2019, created one of the largest financial services companies in the United States, sparking a wave of excitement and anticipation across the industry. Truist, with its headquarters in Charlotte, North Carolina, undertakes a comprehensive suite of banking operations designed to serve the needs of both individuals and businesses. The company operates an extensive network of branches and ATMs, providing community and commercial banking services to millions of clients. It's not just a bank, but a conglomerate of financial services, including wealth management, insurance, retail, corporate, and investment banking, with a strategic focus on digital transformation to streamline and enhance the customer experience.

Truist makes its money primarily through the age-old business of financial intermediation, borrowing money at low rates and lending it at higher rates. Beyond traditional loan products and deposit services, Truist has a diverse revenue stream that includes fee-based services, such as wealth management, treasury management, and insurance offerings. The company leverages its extensive database and advanced analytics to personalize services and deepen customer relationships, a critical strategy in an era where fintech competitors are reshaping the banking landscape. By blending the scale and capabilities of its legacy partners, Truist strives to create a more technologically adept and client-focused banking experience, one that not only focuses on growth but also prioritizes community involvement and sustainable development. Through this approach, Truist endeavors to generate consistent, long-term financial returns while enhancing value for its shareholders.

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Management

Mr. William Henry Rogers Jr.
Executive Chairman & CEO

William Henry Rogers Jr., commonly known as Bill Rogers, is a prominent figure in the American banking industry and currently serves as the Chairman and Chief Executive Officer of Truist Financial Corporation. Truist was formed through the merger of BB&T Corporation and SunTrust Banks, which was completed in December 2019. Prior to this merger, Rogers was the Chairman and CEO of SunTrust Banks, having served in various executive roles within the company. Rogers graduated from the University of North Carolina at Chapel Hill with a Bachelor of Business Administration degree and later earned his Master of Business Administration from Georgia State University. He joined SunTrust in 1980 and built his career through various leadership positions, showcasing strong capabilities in managing financial operations and driving strategic growth. As CEO of Truist Financial Corporation, Bill Rogers plays a crucial role in steering the company through a rapidly evolving financial landscape, focusing on innovation, customer satisfaction, and strategic integration following the merger. His leadership is also marked by a commitment to community service and fostering a corporate culture that emphasizes diversity and inclusion. Under his guidance, Truist aims to leverage the strengths of its predecessor banks to deliver exceptional value to its clients and stakeholders.

Mr. Michael Baron Maguire
Senior EVP & CFO

Michael Baron Maguire is the Chief Executive Officer of Truist Financial Corporation. He took over the role on September 12, 2023. Before becoming CEO, Maguire held several key leadership positions within Truist. He served as the Head of National Consumer Finance & Payments and the Enterprise Ethics Officer. In these roles, he oversaw various divisions, including mortgage, card, payments, and retail services, contributing significantly to the company's strategic direction and operational efficiency. Maguire joined SunTrust Banks, a predecessor to Truist, in 2003 and has since played a vital role in the company's growth and integration efforts following the merger between SunTrust and BB&T to form Truist in 2019. Known for his deep understanding of the financial industry and commitment to ethical leadership, Maguire has focused on enhancing Truist's client experience and expanding its digital transformation initiatives. He holds a Bachelor’s degree from Auburn University and has been recognized for his leadership and contributions to the financial services sector.

Mr. Hugh Sterling Cummins III
Vice Chair & Chief Operating Officer

Hugh Sterling Cummins III is the Chief Commercial Community Banking Officer at Truist Financial Corporation. In this role, he is responsible for leading the company's efforts in commercial banking, focusing on serving community markets across the Truist footprint. Cummins has been with Truist and its predecessor, SunTrust Banks, for an extended period, bringing a wealth of experience in various leadership positions within the organization. His roles have typically involved strategic development, relationship management, and delivering banking solutions to clients. Cummins’ leadership is integral to Truist's mission to build better lives and communities by offering trusted financial planning and services.

Mr. Donta L. Wilson
Senior EVP & Chief Consumer and Small Business Banking Officer

Donta L. Wilson is a prominent executive at Truist Financial Corporation, where he has built a distinguished career in banking and finance. He currently serves as the Chief Retail and Small Business Banking Officer. In this role, Wilson oversees Truist’s expansive retail and small business banking operations, focusing on delivering excellent customer service and innovative financial solutions. Wilson joined Truist, which was formed from the merger of BB&T and SunTrust in 2019, after holding several key positions at BB&T, where he began his career in 1995. Over the years, he has accumulated vast experience in various capacities, including branch banking, operations, sales, and services. His leadership has been instrumental in driving the strategic growth and transformation of Truist's retail banking sector. Under his leadership, the bank has integrated advanced digital banking options with traditional services, aligning with modern consumer expectations while maintaining personalized client relationships. Wilson is known for emphasizing financial literacy and accessibility, aiming to enhance Truist's presence in diverse communities. Beyond his professional achievements, Donta L. Wilson is actively involved in community development and philanthropy. He is recognized for his commitment to fostering financial education and empowerment, particularly among underserved populations. Wilson's career is marked by his dedication to innovation, diversity, and community engagement, positioning him as a significant leader in the financial services industry.

Mr. Steve Hagerman
Chief Information Officer
No Bio Available
Mr. Bradley Jason Milsaps C.F.A.
Head of Investor Relations

Bradley Jason Milsaps, CFA, is an accomplished financial professional associated with Truist Financial Corporation. As a Chartered Financial Analyst, he brings a high level of expertise and integrity to his role within the company. Milsaps is recognized for his strong analytical skills, deep understanding of financial markets, and strategic insight, enabling him to contribute significantly to Truist's financial operations and strategies. With a solid background in finance and investment analysis, he plays a vital role in decision-making processes, helping to drive the organization's financial performance and growth. His contributions help Truist maintain its competitive edge in the financial sector.

Mr. Scott A. Stengel J.D.
Senior EVP, Chief Legal Officer, Head of Government Affairs & Corporate Secretary

Scott A. Stengel, J.D., serves as the Chief Legal Officer at Truist Financial Corporation. In this role, he oversees the legal affairs of the company, providing strategic guidance to support Truist's operations and growth initiatives. With extensive experience in the financial services industry, Stengel is responsible for managing the company's legal risks, addressing regulatory challenges, and ensuring compliance with applicable laws and regulations. Before joining Truist, Stengel held various leadership positions that contributed to his vast knowledge and expertise in financial services and corporate law. He earned his Juris Doctor degree, which equipped him with a strong legal foundation to navigate complex legal and regulatory landscapes. His role as Chief Legal Officer underscores his vital contributions to the company's strategic direction and governance. Throughout his career, Stengel has been known for his commitment to ethical business practices and his ability to lead legal teams effectively. His involvement in key initiatives and his dedication to fostering a culture of compliance and integrity make him a significant figure in Truist's leadership team.

Mr. Scott Stanzel
Executive VP & Chief Communications Officer

Scott Stanzel is an executive known for his role as the Chief Communications Officer at Truist Financial Corp. With a background in both corporate communications and government relations, Stanzel plays a pivotal role in driving the strategic messaging and public relations efforts for Truist. Prior to his position at Truist, he garnered substantial experience as a senior executive in communications roles at various organizations, including Amazon and Microsoft, where he honed his expertise in leading corporate communications teams. Stanzel also has experience in the public sector, having worked in the White House as Deputy Assistant to the President and Deputy Press Secretary under President George W. Bush. His diverse background in both the private and public sectors has equipped him with a comprehensive understanding of media relations and strategic communications. At Truist, Stanzel oversees initiatives that enhance the company's brand, manage reputational risks, and engage with key stakeholders effectively. His leadership in communications supports Truist's mission to build trust and credibility both within the financial industry and among the communities it serves.

Mr. Jodie E. Hughes
Director of Regional Commercial Real Estate & President of Washington Region

Jodie E. Hughes is a key executive at Truist Financial Corp, serving as the Chief Information Officer (CIO). In this role, he is responsible for overseeing the company's information technology strategy, operations, and systems. Hughes plays a vital role in leading the development and implementation of innovative IT solutions that align with Truist's business goals and enhance customer experience. His focus is on driving digital transformation, ensuring cybersecurity, and improving overall operational efficiency. With a background in financial services and technology, Hughes brings extensive expertise to Truist, helping the organization navigate the complex landscape of modern banking technology.

Mr. William J. Toomey II
Regional President of Houston & Central Texas

William J. Toomey II serves as the Chief Retail and Small Business Banking Officer at Truist Financial Corp. In his role, he oversees significant aspects of the retail banking operations, focusing on driving growth and delivering comprehensive financial solutions to enhance customer experience. With extensive experience spanning several decades in the financial services industry, Toomey has a robust background in managing retail and business banking divisions. Prior to his current role at Truist, he held various leadership positions in different financial institutions where he honed his skills in developing strategic initiatives and fostering client relationships. His leadership style emphasizes innovation, customer-focused service, and operational efficiency. Toomey’s contributions are aimed at positioning Truist as a leader in the banking sector by leveraging technology and personalized customer interactions.

Contacts

Address
NORTH CAROLINA
Charlotte
214 N. Tryon St.
Contacts
+13367332000.0
www.truist.com