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Must be the time of the year ... a few days ago TCF Bank headquartered in the Minneapolis MN area agreed to merge into Chemical Financial (old Chemical Bank) in Detroit MI. Good read ... thanks for the information!
Does this affect those of us trying to settle a debt with Suntrust? Do I now work with BBT?
@Anonymous wrote:Does this affect those of us trying to settle a debt with Suntrust? Do I now work with BBT?
The merger hasn't been finalized - it should be complete by the 4th quarter. Until then you'll be working with SunTrust or its agent to settle any debts.
Both of them have been planning on this merger for a long time. My area had both BBT and Suntrust Branches. Suntrust last year cut their number of branches down to 1 per city (it's a small popultion county) and BBT Went from about 8 branches in the county to 2.
Thanks! I'm wondering if this will help me with a settlement. Perhaps they want to wrap up many of these accounts before the merger.
@Anonymous wrote:Thanks! I'm wondering if this will help me with a settlement. Perhaps they want to wrap up many of these accounts before the merger.
They will be motivated to move as much of their debts/collections favorably off the books before the merger finalizes. Even if the merger weren't on the horizon, all things are negotiable. Good luck to you!
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