Truist - About the company
Truist is an acquired company based in Charlotte (United States), founded in 1872. It operates as a Commercial Bank that also provides other wealth management services. Truist has raised $900K in funding, with last known valuation of $*****. The company has 7565 active competitors, including 200 funded and 1457 that have exited. Its top competitors include companies like KeyBank, Citi and United Bank for Africa.
Company Details
It offers a range of banking services, including savings accounts, credit cards, mortgages, small business and commercial banking. It also provides wealth management services and other banking services to SMEs
- Website
- www.truist.com/
- Social
- Phone Number
- +1 **********
Key Metrics
Founded Year
1872
Location
Charlotte, United States
Stage
Acquired
Total Funding
$900K in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 20, 2024
Investors
Ranked
8th among 7565 active competitors
Employee Count
1,332 as on Sep 30, 2026
Similar Companies
Exit Details
Acquired by FrontStream (Mar 03, 2014)
Legal entities associated with Truist
Truist is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
TRUIST SECURITIES, INC. CIN: 580654 , United States, Active | Aug 15, 2018 | - | - | - |
TRUIST ADVISORY SERVICES, INC. CIN: 581043 , United States, Active | Aug 21, 2018 | - | - | - |
TRUIST INVESTMENT SERVICES, INC. CIN: 580676 , United States, Active | Aug 15, 2018 | - | - | - |
SUNTRUST BANKS INC CIN: 750556 , United States, Active | May 04, 1983 | - | - | - |
TRUIST FINANCIAL CORP CIN: 92230 , United States, Active | - | 55480 (As on Dec 31, 2022) | - | |
Sterling Capital Management LLC CIN: 63-1057974 , United States, Active | Dec 31, 2013 | - | - | - |
BB&T CIN: 56-093988 , Belgium, Active | - | 59000 (As on Dec 31, 2019) | - |
Truist's acquisition details
Truist got acquired by FrontStream on Mar 03, 2014.
Click here to take a look at Truist's acquisition in detail
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Truist's funding and investors
Truist has raised a total funding of $900K over 5 rounds. Its latest funding round was a Series E round on Dec 12, 2010 for $*****. 4 investors participated in its latest round. Truist has 7 institutional investors.
Here is the list of recent funding rounds of Truist:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 12, 2010 | 6251708 | Series E | 9262248 | 9910457 | 6023596 | 8778740 |
Aug 20, 2009 | 4279582 | Grant (prize money) | 7807579 | 2294805 | 6370319 | |
Oct 30, 2008 | 3013198 | Unattributed | 8858410 | 2450627 | 7532564 |
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Truist's founders and board of directors
Founder? Claim ProfileTruist's employee count trend
Truist has 1,332 employees as of Sep 26. Here is Truist's employee count trend over the years:
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Truist's Competitors and alternates
Top competitors of Truist include KeyBank, Citi and United Bank for Africa. Here is the list of Top 10 competitors of Truist, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | KeyBank 1849, Cleveland (United States), Public | Provider of personal banking, small business, and wealth management services | - | 80/100 | |
2nd | Citi 1812, New York City (United States), Public | Provider of financial services including banking, markets, international, and wealth management | - | 78/100 | |
3rd |  United Bank for Africa 1949, Lagos (Nigeria), Public | Commercial bank | $7M | 76/100 | |
4th | Huntington National Bank 1866, Shelton (United States), Public | Commercial bank | - | 75/100 | |
5th | Capital One 1988, Mclean (United States), Public | Provider of loans, credit cards, and savings services | - | 75/100 | |
6th |  Charles Schwab 1971, El Paso (United States), Public | Commercial bank | - | 75/100 | |
7th | First National Bank 1864, Pittsburgh (United States), Public | Commercial bank | $56.3M | 74/100 | |
8th |  Truist 1872, Charlotte (United States), Acquired | Commercial Bank that also provides other wealth management services | $900K | 74/100 | |
9th | United Community Bank 1950, Blairsville (United States), Acquired | Provider of personal and business banking, mortgage, and wealth management services | $490M | 74/100 | |
10th | Equity Bank 2002, Wichita (United States), Public | Commercial bank | $89.7M | 73/100 |
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Truist's Investments and acquisitions
Truist has made 51 investments in companies including Rogo and Imprint. Truist has also acquired 3 companies including Long Game and Service Finance.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 10, 2026 | Investments | 2021 | New York (United States) | |
Aug 26, 2026 | Investments | 2020 | New York City (United States) | |
Jun 08, 2026 | Investments | 2017 | Aliso Viejo (United States) |
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Reports related to Truist
Here is the latest report on Truist's sector:
News related to Truist
Filter this listMedia has covered Truist for a total of 133 events in the last 1 year, 63 of them have been about company updates and 12 about people movement.
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Truist Expands Efforts To Address Homelessness and Housing Instability in CharlotteAccess Newswire•Oct 29, 2026•Truist
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Truist Names Bartlett Regional President for Greater Washington, MarylandEquipment Finance Advisor•Oct 29, 2026•Truist
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Truist Provides $152M for Long Beach Apartment DevelopmentCommercial Observer•Oct 27, 2026•Truist, Carmel Partners
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Carlyle to Acquire $7.7bn Consumer Loan Portfolio from TruistAlternativecreditinvestor•Oct 16, 2026•Truist, The Carlyle Group
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Truist Foundation Announces $250,000 Grant for Hurricane Isaias ReliefPR Newswire•Oct 10, 2026•Truist
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Truist Financial (TFC) Barclays 24th Annual Global Financial Services Conference SummaryQuartr•Sep 15, 2026•Truist
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