Truist Financial acquires Service Finance, a leading provider of point-of-sale financial solutions to the home improvement industry. Service Finance, along with its existing Truist Financial division, will serve more than 250 manufacturers, associations and other sponsors, covering about 29,000 contractors and dealers. This will make Truist Finance the nation's leading provider of POS lending solutions. The deal will be valued at $2 billion and is scheduled to close in late 2021.