In 1995, SunTrust retired the Trust Company Bank, Sun Bank and Third National names and rebranded all of its banking subsidiaries as SunTrust.
FactSnippet No. 1,421,257 |
In 1995, SunTrust retired the Trust Company Bank, Sun Bank and Third National names and rebranded all of its banking subsidiaries as SunTrust.
FactSnippet No. 1,421,257 |
In 2001, SunTrust purchased the institutional businesses of the Robinson-Humphrey Company, LLC creating SunTrust Robinson-Humphrey.
FactSnippet No. 1,421,259 |
In 2014, SunTrust announced it would launch a medical specialty group to work with independent medical practices.
FactSnippet No. 1,421,260 |
The name SunTrust Park was used until the 2020 season when it was renamed Truist Park.
FactSnippet No. 1,421,261 |
However, SunTrust had long coveted Robinson-Humphrey, reportedly having pursued it for more than 80 years.
FactSnippet No. 1,421,262 |
Trust Company of Georgia, the oldest progenitor of SunTrust, was rebuffed in an effort to buy Robinson-Humphrey in 1917.
FactSnippet No. 1,421,263 |
SunTrust had been the last major bank headquartered in Atlanta, which had been the South's financial capital for much of the 20th century.
FactSnippet No. 1,421,264 |
SunTrust started to divest Coke shares in May 2007, when it sold 4.
FactSnippet No. 1,421,265 |
However, in September 2012, SunTrust sold all of its Coke shares at the behest of its primary regulator, the Federal Reserve.
FactSnippet No. 1,421,266 |
SunTrust 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.
FactSnippet No. 1,421,267 |
The consent order addressed SunTrust's alleged misconduct regarding its mortgage servicing and foreclosure practices.
FactSnippet No. 1,421,268 |
The consent order required that SunTrust follow the servicing standards set up by the 2012 National Mortgage Settlement with the five largest banks.
FactSnippet No. 1,421,269 |
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.
FactSnippet No. 1,421,270 |