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Feds approve $66B BB&T-SunTrust merger

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The Federal Reserve and the Federal Deposit Insurance Corp. approved the merger of BB&T Corp. and SunTrust Banks Inc.

Announced in February, the deal is valued at $66 billion.

The combined company, Truist Financial Corp., will be the sixth-largest U.S. bank. Officials expect the deal to close Dec. 6.

Read more from USA Today.

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