Truist Financial Adopts New Bylaw Amending Securities Litigation Forum

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The key amendment establishes federal district courts as the exclusive forum for any complaint asserting a cause of action arising under the Securities Act of 1933, unless Truist consents in writing to an alternative forum. The amendments also include clarification of the timing requirements applicable to proxy access nominations and an administrative change. These changes are intended to provide greater certainty and control over securities-related litigation.

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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.