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Despite its size, Truist avoids OCC supervision

Truist Financial, formed from the merger of BB&T and SunTrust banks last year, remains under the supervision of the North Carolina Office of the Commission of Banks and the Federal Deposit Insurance Corp., but is not regulated by the Office of the Comptroller of the Currency. With about $550 billion in assets, Truist is the largest US bank to remain primarily under state supervision.

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