Thomas Ransom

Thomas Ransom

Thomas Ransom is an executive at Truist (formerly BB&T). Among other duties, he currently heads the Greater Washington DC Market as well as serving on their Operating Council.

He is an advocate for diversity and inclusion, creating and launching an education curriculum together with the United States Black Chambers to address minority owned business crises.

Early Life and Education

Thomas attended College of the Holy Cross for his undergraduate degree, before enrolling in law school at Yale University. One of the earliest beneficiaries of affirmative action programs that allowed him to access previously all-white schools, Thomas became one of the pioneering advocates for accessing them as an advantaged student.

He was also head football coach of Michigan State Normal College (now Eastern Michigan University) for one season, recording a 3-2-1 record with Alpha Phi Omega fraternity – becoming an Honorary Colonel as part of their service to country.

At BB&T, Thomas heads the bank’s African American Affinity business resource group and works closely with Executive Management to produce strategies that retain and advance diverse associates and clients. He is an enthusiastic supporter of historically Black colleges and universities such as Virginia State University where he presented their fall 2022 commencement address.

Professional Career

Thomas Ransom has over twenty years of experience working in the financial industry, holding various roles at BB&T and now Truist bank. At Truist bank he currently oversees sales optimization, enterprise sales effectiveness and measurement/analytics for sales activities at this bank as well as being an inaugural member of their Operating Council.

He is an advocate for his community, leading several volunteer efforts like feeding underserved children. Additionally, he has been involved with local nonprofit organizations like Hearts and Homes for Youth, Bethesda Chevy Chase Chamber of Commerce, Imagination Stage and Leukemia & Lymphoma Society.

He currently sits on the Professional Advisory Council for University of Phoenix School of Business and assisted in creating an entrepreneurship curriculum to increase access to capital for minority owned businesses. Additionally, he serves on the United States Black Chambers Inc. board.

Achievement and Honors

Thomas Harvey Ransom has been honored for his efforts by various organizations and companies for his outstanding work and efforts. He was appointed to Bank of America’s board of directors and is also one of the founding members of United States Black Chambers Corporate Advisory Council.

He has also played a pivotal role in providing scholarships and internships to students at historically black colleges and universities, serving as president of Truist Financial’s Virginia region.

He has earned numerous accolades and awards for his exceptional contributions to society, becoming a beloved personality who garners respect from around the globe. Additionally, his performances leave audiences spellbound.

Personal Life

Thomas Ransom enjoys reading and watching thrillers, spending time with his family, being proud American, and attending church at 7th Street Baptist Church in Cannelton Indiana with his wife.

As part of Truist Financial’s executive diversity and inclusion committee, he heads the African American Affinity business resource group and facilitates scholarships, internships and partnerships with historically Black Colleges and Universities.

He was appointed an inaugural member of the bank’s Operating Council and is responsible for leading the strategic development, deployment and reinforcement of enterprise sales strategy. In this capacity he oversaw all aspects of sales culture framework design; effectiveness/optimization optimization measurements/analytics client engagement platform training as well as sales effectiveness training programs.

Net Worth

Thomas Ransom reportedly boasts a net worth of $45 Million. A banking executive with vast industry experience, Thomas has an avid passion for diversity and inclusion. As such, he has spearheaded many initiatives promoting these values.

He currently serves as president of Virginia region for Truist Financial Bank, created from the merger between BB&T and SunTrust. Additionally, he chairs its African American Affinity BRG as well as being an Executive Diversity and Inclusion Committee member of their CEO.

He currently sits on the University of Virginia Board of Trustees and sits on their Advisory Council for Greater Washington Business Journal Advisory Council, as well as being a member of United States Black Chambers Inc.

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