Knowledge (XXG)

SunTrust Banks

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Columbia entered the Consent Order on September 30, 2014. The consent order addressed SunTrust's alleged misconduct regarding its mortgage servicing and foreclosure practices. SunTrust was also required to create a 40 million dollar fund for the approximately 45,000 SunTrust borrowers who were foreclosed upon between January 1, 2008 and December 31, 2013. In addition, SunTrust was required to adhere to significant new homeowner protections. The consent order required that SunTrust follow the servicing standards set up by the 2012 National Mortgage Settlement (NMS) with the five largest banks.
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The merger closed on December 6, 2019. On that day, SunTrust Bank merged into BB&T's banking unit, Branch Banking and Trust Company, forming Truist Bank as the merged company's legal banking entity. However, the merged bank will continue to operate under the BB&T and SunTrust names until the
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The Robinson-Humphrey Company, one of Atlanta's oldest and important companies, was acquired by SunTrust in 2001. However, SunTrust had long coveted Robinson-Humphrey, reportedly having pursued it for more than 80 years. Trust Company of Georgia, the oldest progenitor of SunTrust, was rebuffed in an
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The bank's primary businesses included deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provided corporate and investment banking, capital market services, mortgage banking, and wealth management — with nearly 24,000 employees.
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The firm was founded as a municipal bond shop by Roby Robinson in 1894. Robinson and William G. Humphrey, a bond trader from Toledo, Ohio, eventually incorporated The Robinson-Humphrey Co. in 1902. It blossomed into the leading investment banking firm in the South under Chairman Justus Martin Jr.,
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in 1998, expanding the company's footprint into Virginia, Maryland, and the District of Columbia. Crestar was founded in 1865 as State Planters Bank of Commerce and Trusts in 1865, becoming United Virginia Bank in 1969 and Crestar in 1987. Crestar's (and SunTrust's) earliest predecessor, Farmers
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In September 2015 SunTrust laid off one hundred IT professionals with a controversial severance agreement clause by SunTrust that required laid-off employees to be available to help without pay for a period of two years. On October, 23rd Suntrust reversed course and removed the clause: "to make
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In 2014, the Federal government together with state attorneys general in 49 states and the District of Columbia reached a settlement requiring SunTrust Mortgage, Inc., to provide $ 500 million in various forms of relief to mortgage borrowers. The United States District Court for the District of
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On April 21, 2011, William H. Rogers Jr., began a transition into the CEO role previously held by Jim Wells, who retired December 31, 2011. Formerly SunTrust's COO, Rogers assumed the title of CEO on June 1, 2011. Rogers had been named President in 2008. At that time, the current
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SunTrust started to divest Coke shares in May 2007, when it sold 4.5 million, or 9% of its position. In 2008, the bank sold another 10 million shares, donated 3.6 million to SunTrust's charitable foundation, and crafted a plan to sell more shares in 2014 and 2015.
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The pact also doesn't resolve an investigation by federal authorities of SunTrust's participation in a U.S. Treasury Department mortgage-modification program. The bank said in the February filing that it could face "substantial penalties" stemming from that
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In May 1983, Sun announced a deal for Miami-based Flagship Bank Inc., with $ 3.3 billion in assets, that positioned Sun to be one of the Florida's largest bank holding companies. The Flagship deal was the seventh struck by Sun in less than a year.
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bought The Coca-Cola Company for $ 25 million and restructured. The Trust Company of Georgia helped underwrite the initial public offering, accepting shares of Coke in exchange for its services. Four years later, his son,
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In 2013, it was ordered to pay $ 1.5 billion "to resolve claims of shoddy mortgage lending, servicing and foreclosure practices," and it reached a preliminary $ 968 Million settlement with the US government in 2014.
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In 1985, Trust Company of Georgia and SunBanks merged to form SunTrust Banks, Inc. The merged company was headquartered in Atlanta, and continued to operate as Trust Company Bank in Georgia and Sun Bank in Florida.
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myself reasonably available to SunTrust regarding matters in which I have been involved in the course of my employment with SunTrust and/or about which I have knowledge as a result of my employment with SunTrust."
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who helped broaden its ties to Atlanta corporations, European clients and the firm's wealthy families who were brokerage clients. Martin was at the helm when Robinson-Humphrey commissioned the building of the bold
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Corporation (NCF) for $ 7 billion in 2004. The bank operated as National Bank of Commerce in South Carolina, Tennessee, Mississippi, Arkansas, Alabama, Georgia, Virginia, and West Virginia and as
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In the early 1980s, the bank pursued further mergers, positioning itself for the state of Florida to eventually allow interstate banking. It incorporated 81-year-old Hillsboro Bank, based in
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in North Carolina. This acquisition allowed SunTrust to enter Alabama, the Carolinas, and West Virginia for the first time, and substantially increased its footprint in the other states.
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However, in September 2012, SunTrust sold all of its Coke shares at the behest of its primary regulator, the Federal Reserve. SunTrust was forced to resubmit its capital plan – known as
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two banks' systems are combined, a process that could take up to two years. Customers of either company will be able to use the other's ATMs without charge during the process.
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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
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orchestrated a deal for Shearson's retail division, and Robinson-Humphrey was included in the sale, using the Smith Barney unit of Primerica Corp.
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The company operated three primary business units: Consumer Banking & Private Wealth Management, Wholesale Banking, and Mortgage.
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In 2001, SunTrust purchased the institutional businesses of the Robinson-Humphrey Company, LLC. creating SunTrust Robinson-Humphrey.
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On September 21, 1891, SunTrust's most direct corporate ancestor, the Trust Company of Georgia, was granted a charter by the
1140: 502:(no relation to Roby Robinson). Under AmEx, the firm operated as part of Shearson Lehman Brothers Inc. In 1993, deal maker 1108: 2031:"Chief Financial Officer (CFO) Janet Haugen to Retire from Unisys; Company Names Inder M. Singh to Succeed Haugen as CFO" 760:
In 2015 and 2016, two corporate treasurers have gone on to become CFOs at large regional banks, including Kevin Blair at
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for $ 28 billion in an all-stock deal, creating the sixth largest U.S. lender, being the biggest bank deal since the
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In 2014, SunTrust announced it would launch a medical specialty group to work with independent medical practices.
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The newly merged company made its first major deal a year later, when it purchased Third National Corporation of
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reported that it would acquire SunTrust to create the sixth-largest US bank, with assets of $ 442 billion and
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around $ 66 billion. BB&T will be the nominal survivor, but the merged bank will be headquartered in
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cost basis of $ 110,000. In addition, the original copy of the formula for Coca-Cola was stored in a
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As of September 2016, SunTrust Bank operates 1,400 bank branches and 2,160 ATMs across including
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Located at 200 South Orange Avenue, The SunTrust Center is the tallest building in downtown
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The bank announced in 2018 that it will close its last five West Virginia branches, all in
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The earliest predecessor of Sun Bank was founded in 1911 as The People's National Bank in
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As of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs across 11
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As a result, SunTrust owned 48.3 million shares (3.58%) of Coke as of 2006, which had a
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as the Commercial Travelers' Savings Bank of Atlanta. The founders were John M. Green,
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location) from 1925 to 2011. It was eventually moved to a purpose built vault in the
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Atlanta and environs : A Chronicle of Its People and Events, 1880s-1930s
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that helped finance the acquirement of BEL USA, the parent company that owns
365:. In 1920, it became the First National Bank. In the early 1930s, during the 2538: 2522: 2421: 835: 649: 393: 343: 2391: 2009:"Zions Taps SunTrust Treasurer to Replace Retiring Chief Financial Officer" 2548: 2111:"Coke hides its secret formula in plain sight in World of Coca-Cola move" 1935:"SunTrust names William Rogers new CEO | Atlanta Business Chronicle" 1737:"R-H expansion plans include Boston, London - Atlanta Business Chronicle" 1693:"Citigroup to Sell Capital-Markets Unit Of Robinson-Humphrey to SunTrust" 1256:"BB&T and Suntrust to combine in an all-stock merger of $ 66 billion" 653: 633: 621: 2314: 2497: 2457: 2354: 765: 625: 617: 515: 314: 295: 187: 155: 94: 57: 2527: 1616:"SunTrust Private Wealth Management Launches Medical Specialty Group" 769: 665: 2323: 1564:"The Morning Leverage: What's Waiting in Private Equity's Stocking?" 768:, and a unit strategy head, Inder M. Singh, became CFO at IT firm 313:
In February 2019, SunTrust Banks announced its pending purchase by
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In 1988, Suntrust was added to the S&P 500 Stock Price Index.
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in city's tony Buckhead business district in the early 1980s.
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Over the years, Coca-Cola executives would sit on SunTrust's
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Stuart A. Rose Manuscript, Archives, and Rare Book Library
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MATTHIAS RIEKER and SAABIRA CHAUDHURI (October 22, 2012).
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of an eventual SunTrust location in Atlanta (originally a
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Companies formerly listed on the New York Stock Exchange
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Fifteenth and New York Branch in Washington, D.C. (2018)
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Chairman/SunTrust; president of Trust Company in 1973
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announced the name of their new Cobb County stadium:
1908:"SunTrust Banks to close five remaining WV branches" 823:and SunTrust execs would sit on Coca-Cola's board. 260: 250: 240: 224: 212: 200: 173: 165: 147: 115: 100: 90: 75: 65: 1541:"Comvest Invests in BEL USA, Adds On Branders.com" 1447:Federal Financial Institutions Examination Council 1192:"SunTrust to Pay $ 1.5B to Settle Mortgage Claims" 1190: 1222:Zibel, Alan; Johnson, Andrew R. (June 17, 2014). 436:In 2013, the bank led a bank group that included 832:Comprehensive Capital Analysis and Review (CCAR) 1665:"SunTrust Park to House Atlanta Braves in 2017" 1458: 1456: 780:SunTrust had a long-standing relationship with 2658:2022 disestablishments in Georgia (U.S. state) 2315:Trust Company of Georgia collection, 1778-1965 1642:"Braves name their new stadium: SunTrust Park" 448:, by Comvest Partners, a private equity firm. 2339: 1516:"SunTrust to buy National Commerce Financial" 353:and renamed itself Trust Company of Georgia. 8: 1743:. Atlanta Business Chronicle. Archived from 1717:: CS1 maint: multiple names: authors list ( 32: 1409: 1407: 1133:"FDIC Institution Directory: SunTrust Bank" 880:. Unsourced material may be challenged and 2346: 2332: 2324: 2252:"SunTrust Sells Coke Shares and Bad Loans" 2229:"SunTrust Profit Soars on Coke Stock Sale" 1686: 1684: 1682: 1303: 1301: 1199:. Vol. 178, no. F340. p. 13 1159: 1157: 757:is Aleem Gillani was named in April 2011. 490:In 1982, Martin sold Robinson-Humphrey to 47: 31: 2703:Economy of the Southeastern United States 2206:"DESPERATE BANKS SELLING OFF HARD ASSETS" 1730: 1728: 900:Learn how and when to remove this message 479:effort to buy Robinson-Humphrey in 1917. 56:, the former headquarters of SunTrust in 1691:Mollenkamp, Carrick and Deogun, Nikhil. 675: 544: 278: 1873: 1871: 1100: 936: 349:In November 1893, it restructured as a 283:SunTrust locations in the United States 2673:American companies established in 1891 2273:Thibodeau, Patrick (23 October 2015). 1710: 1490: 1250: 1248: 2139:. SunTrust Banks, Inc. Archived from 2058:"SunTrust Banks (Trust Company Bank)" 1856:Danielle Chemtob (December 9, 2019). 1830:Craver, Richard (February 10, 2019). 273:(Now redirects to the Truist website) 7: 1792:Richard Craver (February 11, 2019). 1767:"Justus Carlile Martin Jr.-Obituary" 1562:Dunford, Thomas (24 December 2013). 1392:. Lakeland Ledger. February 12, 1975 878:adding citations to reliable sources 2663:Banks based in Georgia (U.S. state) 2250:Benoit, David (September 6, 2012). 1189:Cumming, Chris (October 11, 2013). 567:Corporate & Investment Banking 538:Pre-Merger operations and structure 2708:Defunct banks of the United States 2117:. The Atlanta Journal-Constitution 575:Commercial & Business Banking 546:Business Mix, as of June 30, 2016 25: 2007:Nemeroff, Evan (March 20, 2015). 1640:Tucker, Tim (16 September 2014). 1414:Stuart, Reginald (May 16, 1983). 979:Fifteenth and New York Branch in 842:2014 National Mortgage Settlement 2115:The Atlanta Journal-Constitution 1667:. constructionequipmentguide.com 1070: 1055: 1040: 1025: 1010: 988: 972: 957: 939: 850: 38: 2653:1891 establishments in Virginia 1811:Allison Prang (June 12, 2019). 431:Central Carolina Bank and Trust 384:Trust Company of Georgia merger 130:(as an independent corporation) 2056:Borowsky, Bruce (2005-03-11). 1906:Garland, Max (March 4, 2018). 1879:"Barclays Global Presentation" 298:, where it was headquartered. 1: 2698:Economy of Richmond, Virginia 2683:2019 mergers and acquisitions 1984:Adams, Tony (July 11, 2016). 1416:"FLORIDA'S BANK-MERGER SPREE" 1336:Garrett, Franklin M. (1969). 755:Chief Financial Officer (CFO) 474:The Robinson-Humphrey Company 401:Crestar Financial Corporation 2668:Banks disestablished in 2022 2204:Gross, Daniel (2008-07-23). 2185:. USAToday.com. May 15, 2007 2064:. Georgia Humanities Council 1663:Riley, Cindy (13 May 2015). 1390:"Sun Bank Earnings Reported" 1165:"SunTrust Corporate Profile" 1109:"SunTrust Corporate Profile" 732:Chairman, President and CEO 721:Chairman, President and CEO 708:Chairman, President and CEO 695:Chairman, President and CEO 528:Truist Financial Corporation 510:Truist Financial Corporation 323:Truist Financial Corporation 1773:. 26 March 1993. p. 34 1464:"Page Not Found - SunTrust" 1262:. Reuters. February 7, 2019 1089:2019 SunTrust Bank shooting 776:Relationship with Coca-Cola 454:On September 16, 2014, the 427:National Commerce Financial 2724: 2688:Companies based in Atlanta 2594:Turner Broadcasting System 2137:"Officers & Directors" 1620:Bank Investment Consultant 1543:. PitchBook. 17 March 2014 1520:Atlanta Business Chronicle 729:James B. "Jimmy" Williams 583:Private Wealth Management 319:2007-2008 financial crisis 219:Southeastern United States 2678:Banks established in 1891 2503:Intercontinental Exchange 2362: 1699:. The Wall Street Journal 1500:Cite uses generic title ( 1064:Hendersonville, Tennessee 46: 37: 2579:SiteOne Landscape Supply 2062:New Georgia Encyclopedia 1771:The Atlanta Constitution 1593:Federal Trade Commission 485:Atlanta Financial Center 340:Georgia General Assembly 334:Trust Company of Georgia 18:Trust Company of Georgia 2574:Simmons Bedding Company 2183:"SunTrust Selling Coke" 2164:. The Coca-Cola Company 1913:Charleston Gazette-Mail 1817:The Wall Street Journal 1568:The Wall Street Journal 1522:. 2004-05-09. p. 1 1362:"Orlando City Planning" 1228:The Wall Street Journal 607:Commercial Real Estate 412:, was founded in 1811. 1862:The Charlotte Observer 1309:"Historical Highlight" 1049:Durham, North Carolina 966:Gaithersburg, Maryland 926:Buildings and branches 554:Percentage of Revenue 442:Florida Community Bank 284: 132:February 18, 2022 2599:United Parcel Service 2534:Moe's Southwest Grill 2407:Atlanta Bread Company 2254:. Wall Street Journal 2231:. Wall Street Journal 1988:. ledger-enquirer.com 1836:Winston-Salem Journal 1798:Winston-Salem Journal 1032:SunTrust building in 1004:Jacksonville, Florida 782:The Coca-Cola Company 740:Robert M. Strickland 691:William H. Rogers Jr. 520:market capitalization 514:On February 7, 2019, 282: 231:William H. Rogers Jr. 134:; 2 years ago 121:; 4 years ago 119:December 6, 2019 2313:, Emory University: 2162:"Board Of Directors" 1747:on November 10, 2002 1614:Correia, Margarida. 874:improve this section 764:and Paul Burdiss at 762:Zions Bancorporation 516:BB&T Corporation 292:bank holding company 288:SunTrust Banks, Inc. 33:SunTrust Banks, Inc. 27:Former American bank 2616:The Weather Channel 2483:Holiday Inn Express 2463:Georgia Natural Gas 2382:American Megatrends 2090:. Coca-Cola Company 1741:www.bizjournals.com 1286:www.bizjournals.com 1047:SunTrust branch in 1017:SunTrust Center in 816:, also in Atlanta. 547: 464:The Battery Atlanta 421:The company bought 399:SunTrust purchased 252:Number of employees 202:Number of locations 34: 2559:Scientific Atlanta 1595:. 20 December 2013 1421:The New York Times 821:board of directors 814:World of Coca-Cola 810:Trust Company Bank 795:Robert W. Woodruff 704:James M. Wells III 545: 526:under a new name, 405:Richmond, Virginia 285: 256:22,899 (2018) 245:Financial services 2635: 2634: 2612:(Gwinnett County) 2569:Shane's Rib Shack 2417:Atlanta Gas Light 2402:AT&T Mobility 2279:Computerworld.com 2088:Coca-Cola Journey 2011:. American Banker 1735:Murray, Brendan. 1369:CityofOrlando.net 1062:SunTrust Bank in 964:Suntrust Bank in 910: 909: 902: 750: 749: 717:L. Phillip Humann 614: 613: 599:Consumer Lending 559:Consumer Banking 277: 276: 236: 16:(Redirected from 2715: 2584:Southern Company 2437:Church's Chicken 2348: 2341: 2334: 2325: 2307: 2306: 2304:Official website 2289: 2288: 2286: 2285: 2270: 2264: 2263: 2261: 2259: 2247: 2241: 2240: 2238: 2236: 2224: 2218: 2217: 2215: 2213: 2201: 2195: 2194: 2192: 2190: 2179: 2173: 2172: 2170: 2169: 2158: 2152: 2151: 2149: 2148: 2133: 2127: 2126: 2124: 2122: 2109:Stafford, Leon. 2106: 2100: 2099: 2097: 2095: 2079: 2073: 2072: 2070: 2069: 2053: 2047: 2046: 2044: 2042: 2027: 2021: 2020: 2018: 2016: 2004: 1998: 1997: 1995: 1993: 1981: 1975: 1974: 1972: 1970: 1956: 1950: 1949: 1947: 1946: 1937:. 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Index

Trust Company of Georgia
SunTrust Banks Inc. logo

SunTrust Plaza
Atlanta, Georgia
Subsidiary
Traded as
NYSE
Banking
Merged
BB&T
Truist
SunTrust Plaza
Peachtree Street
Atlanta, Georgia
United States
Southeastern United States
William H. Rogers Jr.
Financial services
www.suntrust.com

bank holding company
Atlanta
southeastern
Washington, D.C.
BB&T
2007-2008 financial crisis
Truist Financial Corporation
Georgia General Assembly
Joel Hurt

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