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Yesterday @FSCDems held a hearing on America’s next possible Megabank, where we examined the proposed merger of SunTrust and BB&T – the 16th and 17th largest banks in the US. Their merger would create the 6th largest bank in America...
.. This warrants diligent congressional oversight as to how this will impact consumers and communities. A merger of this proportion would result in hundreds of branch closings and job losses, and would likely drive many community banks and credit unions out of business.
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