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Form 8-K · Current Report · Filed 2024-08-27

Truist Financial Corporation Announces Retirement of Board Member

Truist Financial Corporation announced on August 27, 2024, the retirement of Patrick C.

Filer
Truist Financial Corp TFC · NYSE
Filed
Accession
0001193125-24-207777
CIK
0000092230
Signal
Medium impactFinancial Services

Details

Graney III from the Board of Directors, effective August 31, 2024. Mr. Graney's retirement is due to health reasons and not related to any disagreements with the company. The Board and management expressed appreciation for his contributions during his tenure.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Board Member Departure
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$44.22

Next session

-0.6%

Since filing

+17.2%

Latest close

$51.84

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from TFC reporting the same item, with the next session's move:

About Truist Financial Corp

Truist Financial Corp is a prominent American bank holding company formed through the merger of BB&T and SunTrust Banks. With a focus on delivering a comprehensive range of financial services, Truist serves individuals, small businesses, and large corporations. Its offerings include traditional banking products, wealth management, mortgage services, and insurance, making it a versatile player in the financial services sector. As one of the largest bank holding companies in the United States, Truist plays a critical role in regional and national markets. Its extensive network of branches and ATMs primarily operates across the southeastern and mid-Atlantic states, facilitating economic activities and growth in these regions. The company's commitment to technology innovation and digital banking solutions enhances its competitiveness and customer experience. Truist Financial Corp not only influences the banking industry but also impacts various sectors through its extensive credit and loan offerings, propelling business operations and consumer spending. By integrating responsible banking practices with a robust strategic vision, Truist continues to uphold a significant market presence while fostering economic development.

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