The focus is to make sure that the numbers look on their reports. They want defects either closed or deferred until after the merger. That means that they are willing to go live with hundreds, maybe thousands of issues. There is no integrity... — read more
All teammates are to wear masks unless alone in an office with a closed door..
New financial statement policy, effective 6/30, requires an attestation form that legal is still working to draft. New Highly Leveraged Transaction policy implemented with questions that even the authors of the policy cannot answer - and the added... — read more
Does anyone know how many people were offered the Voluntary/Retirement package? What % did Executive Management expect to accept the offer? What % actually said they want to take the package? I heard someone say they expected 8% to accept but the... — read more
I’m the only one left of my original team. Over the last 2 years we’ve had employees RIF’d or leave for better options. The team that I am a part of now often criticizes me for being by the book. Not sure why because I like to think I’m easy to get... — read more
Are you returning willingly or kicking and screaming?
Merger is wonderful, true, but only for a small number of people. For most it is not.
What does that tell you?
Not that it really matters at this point in the game, however has anyone noticed when you google Truist the Suntrust logo shows beside it (SMH)
Are you truly happy at this bank?
Anyone else get this book, Change, in the mail? Segue way into massive layoffs?
No one is safe. Everyone is replaceable. When I get complacent and start to feel secure in my position this is what I resort to telling myself at least once a day. God knows I don’t want to be laid off, but if or when I am I will see it coming and... — read more
In December 2019, BB&T Corp. completed its $28.2 billion acquisition of SunTrust Banks Inc. and created Truist, the seventh largest U.S. retail bank with approximately $518 billion in assets as of March 31. Truist likely will incur around $1.8... — read more
For those who are former BBTers I’m interested in knowing how you’re doing. I’ve been gone over 6 months and at first it was difficult to acclimate myself to a new environment, new colleagues and work culture. I keep expecting the hammer to drop with... — read more
Anyone here take the offer? Anyone that was offered not end up taking?
But wait, by October 1st you won’t believe how bad it will be and by year end your wildest imagination can’t fathom where this circus will be. The tent will not be big enough. King Rogers is already imposing his will. Just wait until he takes... — read more
As a result of the stress test results SunTruist is increasing dividend from .45 to .48 per share a 7% increase. Any of you “teammates” get a 7% salary bump? Nah I didn’t think so.
I admit, I’m a little biased since it’s been my home for the past 16 years, but does anyone have any insight on the future of Truist in Winston? I know when the merger was announced, it was indicated Community Banking would be headquartered here, but... — read more
We have a manager who is very inexperienced and was hired through cronyism. Our own years of experience and knowledge in our BU mean absolutely nothing to him and he delights in micromanaging the cr-p out of us despite knowing very little of our job... — read more
Also on Tuesday, the Board issued a consent order against SunTrust for unfair and deceptive practices. As detailed in the order, SunTrust made misleading or inaccurate statements between 2013 and 2017 to certain business customers about the operation... — read more
It is a good offer, about a years pay and a little more for healthcare (just what the company portion would be for 6 months). I doubt I will ever get the chance again. Why risk trying to stay when I could be fired when the merger is over... — read more
Does it seem to you that Truist is really not managing to balance short-term and long-term business pressures very well? Leadership is so blinded by short-term goals that I think they have completely ignored visions for the future. I’m still here... — read more
Someone in one of the previous threads asked how much the voluntary package differs from the recent involunatry package, so I wonder if anyone here has been offered involuntary lately? It would be such a great news for me if Truist is now offering... — read more
I finally have an interview scheduled for next week. I have a little over 5 years until I am eligible for retirement and the pandemic has made it more than difficult in trying to secure a job. However, I am still hopeful and the company I am vying... — read more
When your pension was frozen, Did the individual options also change within the plan. If yes, what specifically changed?
Yes all bank stocks were down on the fed news, but SunTruist was really hammered. Have the analysts figured out the dumpster fire that is going on?
Use your job at Truist as a stepping stone for something better. Stay here only for as long as you have to. Maybe before, this was a place to build your career. Now, it seems to be the place where you go if you want to see your career die. I took... — read more
Not long ago, Scott Case announced that Mike Roth would be leaving. He was over the merger and it is going terribly. Does anyone know if Mike left on his own will?
How easy is it for employees who are 50 and over to find a new job? I know plenty who are unhappy here especially since the merger but all of them are staying because they don't think there are options available to them on the job market. I feel like... — read more
This train is on route to a cliff. If I tell that to the crew in charge they will throw me off with no coat or luggage. Time to jump off!
Saw this in a post from Bill on LinkedIn. These “leaders” are so far disconnected from reality it’s mind blowing: …Being a purpose-driven company allowed us to move faster on the things that mattered most. Our leaders and teammates could make... — read more
Just the beginning of mass exists, and they will bring their clients with them. As you can see, everyone is leaving and will bring their portfolios with them. “As financial advisors, we feel a responsibility to choose a partner that shares our... — read more
I loved working at BB&T when it was just BB&T. We were a good bank with a good reputation that treated employees well. Now all of that is changing and I hate seeing it happen. I hate watching all the potential go to waste, the mistreatment of... — read more
If I choose to take the early retirement deal, in August they will decide if it goes through or not. I am guessing that once they meet their needed number, some will not get the deal. It would be an easy decision for me, but I have 8 more years... — read more
I hope that I will get laid off and that I will not be here to see what all this will look like after the bank is left without even more employees. The situation is already awful, and with fewer employees it would become unbearable. I hope you all... — read more
Has there been any news on which locations/departments will be affected?