
Organization
Truist received a high risk rating because it was found to prioritize politically driven initiatives, such as race-based programs and identity-focused corporate policies, over merit-based practices and core business objectives. Its governance and advocacy practices were flagged across multiple categories, including cancellations, discriminatory philanthropy, and employment protection, all rated as high risk.
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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust. Its bank operates 1,928 branches in 15 states and Washington, D.C., offering consumer, commercial, and investment banking, securities brokerage, asset management, mortgage, and insurance products and services. It is the tenth-largest bank in the United States, with $523 billion in assets.