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SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.
- Humble Beginnings
- The Start of Our Modern History
- Interstate Banking
- Building Scale and Capabilities For The Future
SunTrust has more than 125 years of history in serving clients and contributing to communities. Since its humble beginnings, the company has been committed to advancing financial wellness and helping its clients and communities grow and thrive. The following is a brief summary of highlights and milestones that have marked our history. The Georgia G...
The 30's are the start of TCG's modern history. In 1933, ties with First National ended and TCG emerged as a full-service commercial bank. In the break up, TCG got majority ownership of five Georgia banks in Augusta, Columbus, Macon, Rome and Savannah. It also kept the Coca-Cola stock. TCG becomes the first Southern bank with a factoring department...
In 1984, Georgia and Florida enacted reciprocal interstate banking laws to be effective July 1, 1985. On July 2, 1984, plans were announced to combine TCG and Orlando, Fla.-based Sun Banks, Inc., to create SunTrust Banks, Inc. In June 1985, the U.S. Supreme Court issued an 8-0 ruling affirming the constitutionality of reciprocal interstate banking ...
The addition of the institutional business of the Robinson-Humphrey Company, LCC in 2001 created SunTrust Robinson Humphrey, which became a full-service corporate and investment banking firm. In 2003, the company expanded its presence into Hilton Head Island, SC, with the acquisition of Lighthouse Financial Services, Inc. In 2004, SunTrust is one o...
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Who we are. Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. This includes: Retail.
Dec 9, 2019 · CHARLOTTE, N.C., Dec. 9, 2019 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the completion of the merger of equals between BB&T Corporation and SunTrust Banks, Inc., effective Dec. 6, 2019. Truist is the sixth largest U.S. commercial bank, serving approximately 10 million consumer households and a full range of ...
Dec 12, 2019 · With more than $460 billion in assets and $330 billion in deposits, Truist is now America’s No. 6 commercial lender. The SunTrust-BB&T merger received unanimous approval from the FDIC,...
Mar 11, 2005 · SunTrust was the hybrid of several southern banks, but its oldest Georgia ancestor is the Commercial Travelers’ Savings Bank, founded in 1891 by Atlanta businessman Joel Hurt. Two years later Ernest Woodruff, then a board member, urged that the savings bank be reorganized as a trust and investment bank.
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