Monday, December 4, 2023

Triad regional head Alexander retiring at Truist

Cantey Alexander is retiring as Triad regional president for Truist after 20 years in the post, effective Sept. 30.

The move was announced in a statement from the Charlotte-based bank.

Alexander has been a longtime civic leader in the Triad and is chair of the Greensboro Chamber of Commerce. He is also on the boards of Piedmont Triad Partnership, the Winston-Salem Alliance and the Wyndham Golf Championship.

Cantey Alexander

The Appalachian State University graduate has worked in banking for more than 30 years, becoming Triad regional president for BB&T in 2003. The Winston-Salem-based bank merged with SunTrust Banks to form Truist in 2019.

No successor was named for Alexander. Truist lists 14 regional presidents on its website, including Heath Campbell for North Carolina West and Chris Bell for North Carolina East. The company is among the nation’s largest banks with more than $550 billion in assets.

The bank is taking a variety of cost-cutting measures to boost its efficiency ratios, which have been criticized by some industry analysts. Shares of Truist have slumped more than 40% since the 2019 merger, underperforming most of its industry peers.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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