Truist Bank has agreed to pay the United States $9,125,000 to resolve claims under the Financial Institutions Reform, Recovery and Enforcement Act of 1989, or FIRREA, in connection with the administration of certain trust accounts by SunTrust Bank from December 2011 through December 2015, the Department of Justice announced.. SunTrust was acquired by Branch Banking and Trust Company in December 2019, and the combined entity was renamed Truist.
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