Charlotte gains another major bank headquarters. According to the February 8, 2019 Charlotte Observer, BB&T and SunTrust Banks announced a $66 billion merger, with Charlotte as the headquarters of the combined companies, which will be the 6th largest US bank holding company based on assets and deposits. Along with the global headquarters of Bank of America, the 2nd largest U.S. bank by assets, a substantial Wells Fargo hub, and the presence of numerous regional and community banks, Charlotte will retain its status as the 2nd largest financial center in the US, after New York, and ahead of San Francisco, according to S&P Global Market Intelligence.