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Inc., is an
company. The largest subsidiary is SunTrust Bank. It had US$175 billion in assets as of December 31,
Bank's most direct corporate parent was established in 1891 in
its headquarters remain.
1,497 bank branches and 2,243 ATMs across Southern states, including
On 21 September 1891, SunTrust's most direct corporate ancestor, the Trust
Company of Georgia, was founded as the Commercial Travelers' Savings Bank. The founders were John M. Green, Joel
Hurt, H. L. Atwater, W. A. Hansell, T. J. Hightower, J. G. Oglesby, J. D. Turner, John B. Daniel, Joseph Hirsch,
Leon Lieberman, Louis Wellhouse, A. J. McBride, D. O. Dougherty, W. A. Gregg, W. W. Draper, A. C. Hook, W. T.
Ashford, George W. Brooke, C. I. Branan and C. D. Montgomery.
In November 1893, it
restructured as a
Trust Company of
The current SunTrust
Banks, Inc., was the result of a merger between the Trust Company of Georgia and SunBanks, Inc.,
(founded in 1934 as
First National Bank of Orlando) in 1985. The merged company operated as Trust Company Bank in Georgia and Sun Bank
in Florida until 1995, when all banks took the SunTrust name.
In 1986, shortly
after the Trust Company–SunBanks merger, SunTrust purchased Third National Corporation of
it continued to use the Third National name in Tennessee until 1995. SunTrust purchased Crestar Financial
in 1998 expanding the
company’s footprint into Virginia, Maryland and the District of Columbia. Crestar's (and SunTrust's) earliest
predecessor, Farmers Bank of
founded in 1811.
In 1988, Suntrust is added to the S&P 500 Stock Price
In 2001, SunTrust purchased the institutional businesses of the
Robinson-Humphrey Company, LLC. creating SunTrust Robinson-Humphrey.
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
Central Carolina Bank and
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.
In 2013, the bank
led a bank group that included
that helped finance the
acquirement of BEL USA, the parent company that owns
Comvest Partners, a private equity firm.
In 2014, SunTrust announced it would launch a medical specialty group to
work with independent medical practices.
On Sept. 16, 2014,
the Atlanta Braves announced the name of their new Cobb County stadium:
SunTrust Park, which is
expected to be unveiled in time for the first pitch of the 2017 season, will serve as the new home of the Atlanta
Braves. The $1.1 billion construction project in Cobb County will include restaurants, shops, offices, a hotel and
residential spaces directly connected to the park. The Braves organization is making history by building out the
development at the same time the stadium is being constructed.
SunTrust Bank Properties For Sale Across the United