The past 5 years have been such a mess for this company. Clients, Staff, and investors have all suffered through what Kelly, Bill-n-Bo (at the time), and the boards though would be a huge payday for them. SunTrust and BB&T were culturally and mission entirely different. Both organizations lost so many good bankers who went on to the new rising stars in banking, Seacoast, Pinnacle, M&T, TD, 5/3rd, Huntington. Clients left too, when they lost their trusted banker (can't name those here). Those people and clients will never return. I hope the organization is now turning the corner for everyone's sake. But...be sure, more changes are coming for clients and staff.
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@OP It can most definitely rise.
Many of the best people are veterans from First Union and Wachovia. Once they saw what they were being used to do they moved to BBT and Suntrust.
Wells obtained Wachovia and what happened, happened.
Once i knew internally about the MOE i was really hopeful. It could be like a Reunion of the Ones who got out, creating a top tier firm of great business minds and quality people.
That's what the merger was advertised as.
What happened is quite the opposite.
The Teammates are still out there/here, all that is needed is for them to be recognized instead of this continual cycle and exercise of "Honoring" people who don't care and are arrogant.
This is no longer an opinion. This is reality, look at the bank.....
Such a great point about client base. I worked there when the name (STILL being laughed at) was announced. Part of the rationale was that it was positively received by the younger members of their focus groups. You know, the ones who don’t have a lot of money, don’t borrow much, and represent a shrinking part of the work force…I do hope ML will change the name. Attract clients who actually make you money!