Truist Financial Corporation, the third-largest bank in the D.C. region by local deposits, is embarking on a major retail bank expansion in the D.C. region and seven other high growth markets.

Charlotte, North Carolina-based Truist said over the next five years, it will open 100 new branches, and renovate more than 300 existing branches, in D.C., as well as Atlanta, Charlotte, Austin, Dallas, Miami, Orlando and Philadelphia. It did not break out the total number of new or renovated branches in each market.

The expansion will include a broadened focus on retail wealth investor clients.

“This significant investment demonstrates Truist’s continued commitment to grow with our clients at every step of their financial journeys and to strengthen market share in some of the most dynamic areas i

See Full Page