Hugh S. "Beau" Cummins III is vice chair and a member of Truist's executive leadership team. He oversees the corporate and investment banking, commercial real estate, wealth, and national consumer finance services and payments businesses, in addition to Truist's corporate strategy.
He was named to his current position in September 2021, after serving as head of Truist's corporate and institutional group since 2019.
Prior to 2019, Cummins served as co-chief operating officer and wholesale segment executive at a Truist predecessor, where he was responsible for corporate and investment banking, commercial and business banking, treasury and payment solutions, and commercial real estate, as well as the enterprise efficiency office and procurement. From 2013 to 2017, Cummins served as commercial and business banking executive, and from 2008 to 2013, he was chairman, president, and chief executive officer of a Truist Securities predecessor, the corporate and investment banking division of Truist.
Before joining the company in 2005 as head of debt capital markets, Cummins held several leadership positions at Bank of America after launching his investment banking career at Citibank.
Cummins currently serves on the board of directors of Atrium Health Foundation and the Owen board of visitors at Vanderbilt University. He served as chairman of the World Affairs Council of Atlanta and was a two-term member of the Business Advisory Council at Miami University’s Farmer School of Business.
Cummins earned a bachelor’s degree in business administration from Miami University in Oxford, Ohio, and an MBA from the University of Michigan.
What is Hugh S. Cummins, III's net worth?
The estimated net worth of Hugh S. Cummins, III is at least $13.51 million as of January 27th, 2023. Mr. Cummins, III owns 307,069 shares of Truist Financial stock worth more than $13,507,965 as of December 25th. This net worth approximation does not reflect any other assets that Mr. Cummins, III may own. Learn More about Hugh S. Cummins, III's net worth.
How do I contact Hugh S. Cummins, III?
Has Hugh S. Cummins, III been buying or selling shares of Truist Financial?
Hugh S. Cummins, III has not been actively trading shares of Truist Financial during the past quarter. Most recently, Hugh S. Cummins III sold 35,229 shares of the business's stock in a transaction on Friday, January 27th. The shares were sold at an average price of $49.05, for a transaction totalling $1,727,982.45. Following the completion of the sale, the insider now directly owns 307,069 shares of the company's stock, valued at $15,061,734.45. Learn More on Hugh S. Cummins, III's trading history.
Who are Truist Financial's active insiders?
Truist Financial's insider roster includes Daryl Bible (CFO), K. Boyer, Jr. (Director), Scott Case (EVP), Hugh Cummins, III (Insider), Ellen Fitzsimmons (Sr. EVP), John Howard (Sr. EVP & Chief Insurance Officer ), Kelly King (Director), Ellen Koebler (Insider), Michael Maguire (EVP), Kimberly Moore-Wright (EVP), Charles Patton (Director), Cynthia Powell (VP), Nido Qubein (Director), David Ratcliffe (Director), William Rogers, Jr. (Chairman & CEO), Brantley Standridge (EVP), Clarke Starnes, III (Insider), Joseph Thompson (EVP), Thomas Thompson (Director), Steven Voorhees (Director), David Weaver (EVP), and Dontá Wilson (VP). Learn More on Truist Financial's active insiders.
Are insiders buying or selling shares of Truist Financial?
During the last year, Truist Financial insiders bought shares 2 times. They purchased a total of 91,480 shares worth more than $4,178,688.80. During the last year, insiders at the insurance provider sold shares 3 times. They sold a total of 15,418 shares worth more than $665,712.24. The most recent insider tranaction occured on December, 4th when Director K. David Jr. Boyer sold 4,966 shares worth more than $229,429.20. Insiders at Truist Financial own 0.2% of the company.
Learn More about insider trades at Truist Financial. Information on this page was last updated on 12/4/2024.
