SunTrust Banks, Inc. (extinct)

SunTrust Banks, Inc. (extinct)

SunTrust Banks, Inc. (extinct)

Overview
Date Founded

1984

Headquarters

303 Peachtree Street NE,Atlanta, GA 30308

Type of Company

Public

Employees (Worldwide)

22.9K

Industries

Retail & Commercial Banking
Accounting & Financial Services
Consumer Finance

Company Description

SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services. It operates through the following segments: Consumer, Wholesale, and Corporate Other. The Consumer segment consists of consumer banking, lending, wealth management, and mortgage banking services. The Wholesale segment relates to advisory, capital raising, and financial risk management; commercial and business banking, commercial real estate; as well as treasury and payment solutions. The Corporate Other segment covers management of the company's investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. The company was founded in July 12, 1984 and is headquartered in Atlanta, GA.

Contact Data
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Executives & Employees

Chief Risk Officer & Executive Vice President

Chief Executive Officer of SunTrust Bank, Central Group, Executive Vice President

President & Chief Executive Officer

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Recent Transactions
Details Hidden

First Horizon Corp. (Tennessee) purchases SunTrust Banks, Inc. /30 Bank Branches from SunTrust Banks, Inc.

Details Hidden

Truist Financial Corp. purchases SunTrust Banks, Inc. resulting in a new company Truist Financial Corp.

Details Hidden

IPFS Corporation purchases Premium Assignment Corp. from SunTrust Banks, Inc.

Transaction Clients
Trust Bank

Advised on Secure America Acquisition Corp. issued USD Units

Escrow Agent

Advised on Hellman & Friedman LLC, AlpInvest Partners BV, The Blackstone Group, Inc., Emdeon, Inc. purchase Altegra Health, Inc. from Parthenon Capital LLC, Stockwell Capital LLC, Morgan Stanley Credit Partners LP

Escrow Agent

Advised on Hellman & Friedman LLC, AlpInvest Partners BV, The Blackstone Group, Inc., Emdeon, Inc. purchase Altegra Health, Inc. from Parthenon Capital LLC, Stockwell Capital LLC, Morgan Stanley Credit Partners LP

Transaction Advisors
Accountant

Advised onSunTrust Banks, Inc. purchases Crestar Financial Corp.

Investment Advisor

Advised onTruist Financial Corp. purchases SunTrust Banks, Inc. resulting in a new company Truist Financial Corp.

Legal Advisor

Advised onSunTrust Banks, Inc. purchases Crestar Financial Corp.

Legal Advisor

Advised onTruist Financial Corp. purchases SunTrust Banks, Inc. resulting in a new company Truist Financial Corp.

Legal Advisor

Advised onFederated Hermes, Inc. purchases Suntrust Banks, Inc. /Money Market Management Business from SunTrust Banks, Inc.

Legal Advisor

Advised onSunTrust Banks, Inc. purchases National Commerce Financial Corp. (Tennessee)

Advisors & Consultants
Legal Advisor

Partner at Schulte Roth & Zabel LLP

Advisor

Director at Freddie Mac

Legal Advisor

Shareholder at GrayRobinson PA

Clients

Oak Ridge Associated Universities, Inc. operates as a consortium of universities to provide research studies in the fields of science and technology. It provides science education, peer reviews and environmental assessments in the work place and public places, national security and emergency preparedness programs and professional training. The organization was founded on October 17, 1946 and headquartered in Oak Ridge, TN.

Navicent Health provides general healthcare services. The company operates The Medical Center of Central Georgia, outpatient clinics and Carlyle Place, an assisted-living center. It offers comprehensive home care services, cardiac, neurology and orthopedics programs. Central Georgia Health System was founded in 1994 and is headquartered in Macon, GA.

Key Stats and Financials As of 2018
Market Capitalization
$31.5B
Total Enterprise Value
$43.5B
Earnings Per Share
$5.74
Revenue
$10.4B
Total Equity
$24.3B
Debt TEV
0.55x
Enterprise Value / Sales
4.17x
Total Debt
$23.8B
TEVNet Income
15.69x
Net Profit
$2.78B
Three Year Compounded Annual Growth Rate Of Revenue
8.25%
Five Year Compounded Annual Growth Rate Of Revenue
4.39%
Non-Profit Donations & Grants
Political Donations
Investments
Details Hidden

Finxact, Inc. develops core-as-a-service banking technology. It allow banks to deliver new services for today’s omni-channel consumer. The company was founded by Francis R. Sanchez, Michael A. Sanchez, Deborah Kovacs, Dylan Phillips, Dan H. McKinney, and Jim Joyce in 2016 and is headquartered in Jacksonville, FL.

Details Hidden

Payrailz LLC operates as a digital payments company offering bill payment and money transfer solutions to banks and credit unions. Its technology, including AI, security, cloud-based software and chat bot, offers engaging payment solutions to the customers. The company is headquartered in Glastonbury, CT.

Details Hidden

Prosper Marketplace, Inc. operates as a holding company with interest in operating a peer-to-peer online credit platform. The firm through its subsidiary Proper Funding operates an online marketplace that permits the lender members to bid on loan listings and purchases. It handles the funding and servicing of the loan on behalf of the matched borrowers and investors. The company was founded by Christian A. Larsen and John B. Witchel on March 22, 2005 and is headquartered in San Francisco, CA.

Investors
Details Hidden

Vice President & CIO at Lighthouse Financial Services, Inc.

Awards & Honors
Rank #329
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #329
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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