Atlanta’s SunTrust Banks will merge with Winston Salem’s BB&T to create the nation’s sixth-largest bank, which will be based in Charlotte. And, First Data, an Atlanta-based payments processing company, will be acquired by Wisconsin-based Fiserv, with the resulting company to be based near Milwaukee.

That’s a loss of two Fortune 500 headquarters for Atlanta.

But according to a piece in the Atlanta Journal-Constitution, the news should not strike fear in the hearts of the city’s economic development officials.

“Atlanta’s economy has been robust lately. It felt the worst effects of the Great Recession a little later than much of the country, then took longer to pull out of the economic tailspin than many of its peer cities. After trailing the nation for years, Georgia’s jobless rate is now better than the national average.”

Atlanta can also point to recent wins, according to the article:

“In December, railroad giant Norfolk Southern officially announced plans to relocate to Atlanta from Virginia. It’s expected to take a spot in a future Midtown tower. Financial technology company NCR and homebuilder PulteGroup also have moved their headquarters here in recent years… Georgia has had other high-profile victories, and a surge of tech jobs moving to Midtown to be near Georgia Tech. BlackRock, an elite global financial services firm, announced a new technology innovation center last year.”

“Farther out, Mercedes-Benz opened a new North American headquarters campus in Sandy Springs in March. It also picked the region for a new innovation lab. And Porsche put its North American hub and a test track near the airport.”