Post merger SunTrust BB&T now Trust update. In recent months there have been unusual announcements of executive leadership "voluntary resignations" from individuals pursuing other opportunities. Today an all hands call announced immediate reduction in force of direct sales teammates and fulfillment operations teammates. Given no notice and have to leave today or buy tomorrow. Company is not disclosing how many or who the teammates are. They are also pushing for a new employee stock purchase option which leads one to believe that they are seeking capital funds. Consumers are still having trouble with new checking accounts and obtaining funds from personal accounts and use of debit cards. Why would they not offer another voluntary retirement option? I'm sure many are jumping at the chance of getting out of this horrific post-merger company.
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I'm sure you meant 2022. I heard about this news late yesterday afternoon. Kelly King planned his departure appropriately. Haven't heard a word from CEO Bill Rogers.