[20190719]IN11062_BB&T和SunTrust：银行业合并长期趋势中的最新拟议合并.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i BB&T and SunTrust: The Latest Proposed Merger in a Long-Term Trend of Banking Industry Consolidation David W. Perkins Analyst in Macroeconomic Policy Updated July 19, 2019 On February 9, 2019, BB&T and SunTrustthe 16th- and 17th-largest U.S. bank holding companies (BHCs) by asset size, respectivelyannounced they intend to merge, which would create the 8th-largest BHC. The House Financial Services Committee has scheduled a hearing on July 24, 2019, that will examine this merger. Over the past 35 years, banks are becoming fewer, and industry assets are increasingly concentrated in large banks. Observers have warned that this trend could leave certain markets traditionally served by small banks underserved or unserved. In addition, large, complex banksor too big to fail (TBTF) bankspotentially create market distortions and threaten systemic stability. This Insight examines industry consolidation in general and the proposed BB&T-SunTrust merger specifically. For a detailed examination of related policy issues, see CRS Report R45518, Banking Policy Issues in the 116th Congress. Industry Consolidation The numbe