Truist Bank to Redeem $850 Million in Subordinated Notes

The redemption price covers 100% of the principal amount, supplemented by accrued and unpaid interest up to the redemption date. Once September 30 passes, interest accrual on these notes will stop entirely. Truist will process all payments through The Depository Trust Company facilities to ensure a streamlined transition for noteholders.

Truist Financial Corporation, which maintains total assets of $556 billion as of mid-2026, continues to operate as a top-10 commercial bank in the United States. This move follows the company's broader strategy of managing its capital structure across its diverse wholesale and consumer banking divisions.