13 Facts About SunTrust Bank

In 1995, SunTrust retired the Trust Company Bank, Sun Bank and Third National names and rebranded all of its banking subsidiaries as SunTrust.

SunTrust Bank purchased Crestar Financial Corporation of Richmond, Virginia in 1998, expanding the company's footprint into Virginia, Maryland, and the District of Columbia.

In 2001, SunTrust Bank purchased the institutional businesses of the Robinson-Humphrey Company, LLC creating SunTrust Bank Robinson-Humphrey.

In 2014, SunTrust Bank announced it would launch a medical specialty group to work with independent medical practices.

The name SunTrust Bank Park was used until the 2020 season when it was renamed Truist Park.

Related searches

However, SunTrust Bank had long coveted Robinson-Humphrey, reportedly having pursued it for more than 80 years.

Trust Company of Georgia, the oldest progenitor of SunTrust Bank, was rebuffed in an effort to buy Robinson-Humphrey in 1917.

SunTrust Bank started to divest Coke shares in May 2007, when it sold 4.

However, in September 2012, SunTrust Bank sold all of its Coke shares at the behest of its primary regulator, the Federal Reserve.

SunTrust Bank was forced to resubmit its capital plan – known as Comprehensive Capital Analysis and Review – after it failed part of the stress test in March 2012.

The consent order addressed SunTrust Bank's alleged misconduct regarding its mortgage servicing and foreclosure practices.

The consent order required that SunTrust follow the servicing standards set up by the 2012 National Mortgage Settlement with the five largest banks.

In September 2015 SunTrust Bank laid off one hundred IT professionals with a controversial severance agreement clause by SunTrust Bank that required laid-off employees to be available to help without pay for a period of two years.