Truist retains top Winston-Salem deposits market share; removal of corporate headquarters deposits makes for more competition
(WorldNews Business)

The departure of BB&T Corp.`s headquarters from Winston-Salem to Charlotte has turned the Winston-Salem metropolitan statistical area into a much more competitive marketplace for deposits. The 2019-20 data from the Federal Deposit Insurance Corp. was released Friday. It is through June 30. With both BB&T, and Wachovia Corp. up until 2001, the local FDIC deposits market share totals were primarily a reflection of corporate-investment deposits at bank headquarters. The MSA typically mirrors the deposit levels in...