Atlanta-based SunTrust, Winston-Salem-based BB&T to spend $100 million on technology, innovation in merger

The combined SunTrust/BB&T will spend $100 million on technology and innovation, SunTrust CEO Bill Rogers told employees in a companywide town hall-style webcast Monday. “We declared, just to throw a number out there, incrementally… this is just on top of… not the number, but incrementally, we are going to invest another $100 million dollars in technology and in innovation. “We are talking about Charlotte as being an innovation hub, but innovation takes place all across our company, not just in Charlotte. So I want to be clear about that. Innovation takes place lots of places. But that’s going to be one of the symbols and one of the places that we are going to demonstrate that.” Atlanta Business Chronicle

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Author: Matthew Randle