-- Combination of two iconic franchises creates sixth-largest U.S. bank holding company with 275 years of combined history and culture serving clients and communities in high-growth markets
-- Enhanced scale and financial strength will accelerate investment in transformative technology to embrace disruption and create a more distinctive client experience
-- Expanded fee income base will create opportunities to build scale in specialized businesses across a larger client base
-- Compelling value creation expected for both companies' shareholders as demonstrated by double-digit earnings per share accretion by 2021
-- Estimated net cost synergies of at least $1.6 billion by 2022
-- Proven management teams with history of successful merger integrations, strong risk management skills and shared mission- and purpose-driven cultures
-- Combined company to operate under a new name and be headquartered in Charlotte, NC while maintaining significant operations and investment in Winston-Salem, NC and Atlanta, GA
PR Newswire
ATLANTA and WINSTON-SALEM, N.C., Feb. 7, 2019
