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Overview
Truist Securities is a middle market investment bank. Truist, its parent, provides services to individuals, small businesses, and institutional clients.
The company was formed in 2019 through the merger of BB&T and SunTrust banks and became the United States' seventh-largest bank by assets in 2023.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Truist Securities, you should make sure you know:
1 deal that the investment banking group has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.
Selected Transaction
Truist Securities acted as exclusive financial advisor to PE firm Stone Point Capital throughout its take-private acquisition of health improvement company Tivity Health.
Transaction Description: Stone Point acquired Tivity Health, Inc. (NASDAQ:TVTY). Tivity Health was taken private, with stockholders receiving $32.50 per share.
Transaction Value: US$2.0B, all cash
Transaction Date: Completed June 2022
Fact Sheet
Company Name: Truist Securities (part of Truist)
Description: Truist Securities offers extensive investment banking, capital markets, and corporate banking services for growth-oriented companies and institutional investors
Bank Category: Middle Market
Ticker: NYSE:TFC
Founded: 2019
Employees: 52,000 (for Truist)
Chief Executive Officer: Tom Hackett
Headquarters: Atlanta, USA
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