PRESS RELEASE
3 May 2019

BB&T Freed From Fed Order As SunTrust Deal Beckons

DP
Day Pitney LLP

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Day Pitney LLP is a full-service law firm with more than 300 attorneys in Boston, Connecticut, Florida, New Jersey, New York and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging and middle-market companies. With one of the largest individual clients practices on the East Coast, the firm also has extensive experience assisting individuals and their families, fiduciaries and tax-exempt entities plan for the future.
Michael Rave was quoted in an analysis article, "BB&T Freed From Fed Order As SunTrust Deal Beckons," published by Law360.
United States

Michael Rave was quoted in an analysis article, "BB&T Freed From Fed Order As SunTrust Deal Beckons," published by Law360. The article reports on The Federal Reserve's termination of a January 2017 consent order with BB&T Corp. for "significant deficiencies" in the bank's anti-money laundering compliance program. The announcement comes as BB&T moves forward with its SunTrust Banks Inc. merger, which would be the largest bank deal since the financial crisis. "It is typical that the parties to a merger will 'preclear' the deal with the regulators before they announce it," Rave told Law360. "Although this isn't a guarantee that the merger will be approved, the regulators are usually pretty good about raising any concerns they have."

Contributor

Day Pitney LLP logo
Day Pitney LLP is a full-service law firm with more than 300 attorneys in Boston, Connecticut, Florida, New Jersey, New York and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging and middle-market companies. With one of the largest individual clients practices on the East Coast, the firm also has extensive experience assisting individuals and their families, fiduciaries and tax-exempt entities plan for the future.

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