The $66 billion bank merger between BB&T Corp. and SunTrust Banks Inc. — the industry's largest in more than a decade — will create a new top-three bank in the D.C. area and lead to a substantial amount of overlap among its branches.
BB&T (NYSE: BB&T) will buy SunTrust (NYSE: STI) for $28.24 billion in an all-stock deal, and BB&T CEO Kelly King assured people Thursday that jobs for "client-facing, performing associates" at both banks are "assured." But it's unclear what will happen to what…