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Banking | Finance 2025: RANSOM, THOMAS
REGIONAL PRESIDENT FOR VIRGINIA, TRUIST FINANCIAL, RICHMOND
Virginia Business //September 2, 2025//
Banking | Finance 2025: RANSOM, THOMAS
REGIONAL PRESIDENT FOR VIRGINIA, TRUIST FINANCIAL, RICHMOND
Virginia Business //September 2, 2025//
Ransom has spent a quarter century in the banking industry. He started as a commerial banker in 2000 at BB&T, going on to become market president for the greater Washington, D.C., region. After the 2019 BB&T-SunTrust merger that formed Truist, Ransom moved to Charlotte, North Carolina, as an executive vice president before returning to the commonwealth in 2021 to become president of the bank’s Virginia region.
The eighth largest bank in the nation, Truist had $544 billion in total assets as of June 30 and more than 38,000 employees, operating over 1,900 branches across 17 states and Washington, D.C.
Ransom serves on the Governor’s Advisory Council on Revenue Estimates, which reviews the general economic climate of the commonwealth, and on the board of the Virginia Bankers Association. He also sits on the board of trustees for his alma mater, Hampden-Sydney College.
This spring, Ransom was a keynote speaker at the commencement ceremony for Virginia Commonwealth University’s School of Business.
Ransom earned an MBA from the University of Baltimore and was a public policy fellow at Princeton University.
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