Home > News & Insights > Press

2/27/19 - Art Angulo Discusses State-Chartered Bank Status of SunTrust and BB&T

Promontory Managing Director Art Angulo was quoted in an American Banker article about which regulator will oversee BB&T and Suntrust following the merger of the two institutions.

Currently, SunTrust and BB&T are both state-chartered banks. Therefore, they are “somewhat anomalies because most large banks, particularly those that operate in multiple states, opt for national charters because of the federal preemption offered through the OCC charter,” Angulo said.

Click here to read the full article.