Reg Rollbacks Seen As Bit Player In $28B BB&T-SunTrust Deal

Reg Rollbacks Seen As Bit Player In $28B BB&T-SunTrust Deal

February 11, 2019, Law360

Rusty Conner spoke with Law360 about the BB&T-SunTrust merger. He says, “It is a more favorable regulatory environment in which two institutions of that size could obtain regulatory approval to merge, but it’s the underlying business reasons for doing the transaction that I’m certain drove the CEOs to get together and the boards to approve the deal. You don’t do deals for regulatory reasons, you do them for underlying business purposes”