FRIDAY December 20, 2019
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
BANKING
Daily WHAT’S AHEAD FORRecord TRUIST JACKSONVILLE
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The vacant Fire Station No. 5 building at 347 Riverside Ave. was built in 1910.
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City receives no offers for Brooklyn fire station
The structure will likely be demolished to make way for a road realignment. BY MIKE MENDENHALL STAFF WRITER
The companies announced in June that the merged bank, which is headquartered in Charlotte, North Carolina, would be called Truist. However, the company hasn’t made a marketing push to promote the new brand. “As we’re speaking to clients now, we’re trying to tell them we’re Truist,” Keith said. Beyond that, the Truist name likely will be promoted in about a month. “I think what we’re going to do is have a big splash around the Super Bowl,” he said. The merging of bank operations should
It’s now likely the vacant 109-year-old Fire Station No. 5 in Brooklyn will be demolished. D ow n tow n I n ve s t m e n t Authority CEO Lori Boyer said the city received no response to its 30-day request for proposals to purchase and relocate the 7,152-squarefoot structure from 347 Riverside Ave. The notice closed Dec. 16. The c i t y Boyer Department of Public Works plans to clear the property by March to remain on schedule for a planned realignment of Forest Street across Riverside Avenue. The street realignment will provide improved access to Sidney J. Gefen Riverwalk Park and the future $145 million Fidelity National Information Services Inc. headquarters. The planned 12-story,
SEE TRUIST, PAGE 2
SEE FIRE STATION, PAGE 2
Photo by Katie Garwood
Scott Keith was named North Florida regional president for Truist Financial Corp., the combined SunTrust and BB&T banks. He remains in the BB&T Tower Downtown at 200 W. Forsyth St., where he most recently was president of BB&T North & Central Florida region.
Scott Keith, the regional manager for the banking giant created by the merger of SunTrust and BB&T, says the transition should be seamless for most customers. BY MARK BASCH CONTRIBUTING WRITER
In the middle of the busy holiday season, you may not have noticed that SunTrust Banks Inc. and BB&T Corp. completed their merger into Truist Financial
Corp., becoming the sixth-largest U.S. bank. Even if you’re a customer of Truist, you may not notice any changes at all at the 33 SunTrust and BB&T offices in Northeast Florida in 2020. “We’re probably about 18 months away” from fully merging the operations of the banks, Scott Keith, North Florida regional president for Truist, said Dec. 18 in an interview. The merger announced in February was completed Dec. 6, and the banks are beginning to work on integration details, Keith said. “Prior to that, we’ve still been working as competing organizations,” he said.
Maxwell House deal withdrawn Downtown Investment Authority staff withdrew a resolution Dec. 18 that would have redrafted the terms of a 2016 incentives agreement between the city and Kraft Heinz Food Co. for its Maxwell House coffee plant. The company requested an amendment after failing to hit the agreement’s job creation target, but spent more on equipment. DIA CEO Lori Boyer said some DIA board members were not comfortable changing the agreement after recent issues involving JEA. Without the change, Kraft Heinz will not receive the remaining $904,000 of a $1 million grant.
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