SunTrust.com5EB4D088C14DE247B32F335C7EC9A4D6@suntrust. com <5EB4D088C14DE247B32F335C7EC9A4D6@suntrust. com>
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SunTrust Banks, Inc.
With total assets valued around $182.2 billion, Sun Trust Banks, Inc., is among the largest in the nation with a strong financial hold. Together with all its subsidiary banks, the company provides a wide range of financial services like deposit, credit, trust, and investments. The clients of the company range from retailers, business units, and institutions. The other subsidiaries of the bank also provide facilities like credit cards, mortgage banking, credit-related insurance, brokerage, equipment leasing, and capital marketing services. Sun Trust based in Atlanta enjoys a leading market position in some of the top range markets in the United States. The company also serves selected national markets. Sun Trust Banks operates 1,701 retail branches and 2,569 ATMs in twelve provinces of the country besides providing its customers a complete range of technology aided banking services such as Internet, PC, and Automated Telephone Banking.
History
Farmers Bank of Alexandria, VA is the earliest predecessor bank of the SunTrust. In 1811, this bank was granted a charter by Congress in 1811 Founded in Atlanta in 1981, The Commercial Travelers’ Savings Bank changed its name to Trust Company of Georgia. In 1919, Sun Trust acquired 48.3 million shares of The Coca-Cola Company. In 1985, SunBanks merged with Trust Company of Georgia to form SunTrust Banks, Inc. Following this, in 1986, Third National Corporation merged with SunTrust Banks, Inc. However, the banks continue operating under the Trust Company and Sun Bank names in their respective markets. In 1995, SunBank, Trust Company, and Third National banking units adopt the SunTrust name. Eventually, the company acquired Equitable Securities Company, Crestar Financial Corporation. In 1999, the Company consolidated its 27 separate banking charters into a single SunTrust Bank, a Georgia state-chartered member of the Federal
Reserve System. In 2000, SunTrust’s three institutional investment management subsidiaries combined into a single registered investment advisor under the name Trusco Capital Management. In the following years, the Sun Trust acquired the institutional business of the Robinson-Humphrey Company, Asset Management Advisors, Florida banking franchise of Huntington Bancshares, and Lighthouse Financial Services, Inc,. The subsequent developments till date have given a strong foothold to Sun Trust in the provinces of North
Carolina and South Carolina, as well as into the Memphis market.
Financial Services
The total assets of the company are around $180 billion with loans valued up to $120 billion. The total investments are around $125 billion. The five major lines of the company’s businesses are retail banking, commercial banking, corporate and investment banking, mortgage and wealth and investment management.
The Retail Banking unit of the Sun Trust provides financial solutions to over five million individual households and businesses with annual sales of up to $5 million. The clients avail a complete range of deposit and loan products, insurance, business banking, and private banking services.
The Commercial Banking segment serves companies, government, and nonprofit entities with annual sales or budgets from $5 million to $250 million. The range of services includes delivering financing, treasury management, and access to the capital markets. Specialty businesses include Auto Dealer Finance, Institutional and Government Banking, Commercial Real Estate, and financing of commercial insurance premiums.
The Corporate and Investment Banking services provide financial solutions to thousands of the nation’s top corporations in the areas of capital raising, treasury management, commercial leasing and private equity.
The Mortgage service originates loans at more than 214 locations in SunTrust markets and adjacent states, maintains correspondent and broker relationships in 48 states, and services loans nationally. SunTrust’s
The Wealth and Investment Management segment provides top-quality fiduciary, brokerage, investment management, and related services to institutions and affluent individuals.
Website
SunTrust.com provides quite exhaustive information about the company, its business profile, services and net banking provisions. The other sites listed in reference and additional reading may provide additional inputs regarding the company.
Languages
English
Address
- 303 Peachtree Center Ave Ste 325
- Atlanta GA 30303 US
Contact
- SunTrust Bank, Mike McDermott
-
- +1 404-588-7711
Additional Information
Related Domains
External Links
- Stock: STI
- Alexa: SunTrust.com
References
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