to a press release. The software is centered around data lakes that allowsfor the collect of data from multiple sources such as structured data, data from sensors, and data from social media. The company's 20 employees will be joining Truist's Enterprise Data Office and the team will be based in Raleigh, North Carolina. On September 6, 2022, Truist Insurance Holdings announced the $3.4 billion purchase of BankDirect Capital Finance from Texas Capital Bancshares Inc., the financial services company's first deal in the life insurance improvement industry. This was the largest deal ever for the former BB&T other than the merger which created Truist. BankDirect Capital Finance is based in Illinois, it has 122 employees across 5 offices. The deal is expected to close in the 4th quarter. Mike Maguire, company CFO, stated this about the deal “Strategically, BankDirect effectively doubles our premium finance business, broadens our capabilities to include life insurance and expands our West Coast presence. … We estimate Truist Insurance Holdings will be the number two premium finance player in the market after this deal closes later this quarter”. In the last 7 years, 2016 to October 2022 Truist Insurance Holdings has made 11 insurance brokerage acquisitions, with its sale of WBAIS Inc. to Sompo International Holdings Ltd. in December 2020 it has 10 net acquisitions. According to S&P Market Intelligence this makes the company the second most active US banking acquirer of insurance brokerages during this period. The first place bank was Boston based Eastern Bankshares Inc.. Buildings and branches See also BB&T Center Truist Center SunTrust Banks Uptown Charlotte BB&T Financial Center Southern National Bank List of bank mergers in United States List of largest banks in the United States The following sports venues sponsored by the company: Truist Arena at Northern Kentucky University Truist Field, a baseball park in Charlotte Truist Field at Wake Forest University, a football stadium Truist Park, a baseball park near Atlanta, home to the Atlanta Braves Truist Point, a baseball park in High Point, North Carolina Truist Stadium, a baseball park in Winston-Salem, North Carolina Truist Stadium, a football stadium at North Carolina A&T State University References External links 2019 establishments in North Carolina American companies established in 2019 Banks based in North Carolina Banks established in 2019 Companies based in Charlotte, North Carolina Companies listed on the New York Stock Exchange Economy of the Southeastern United States Wilson, North