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SunTrust Banks company logo
Investment Bank
FINANCE | Retail Banking
suntrust.com

Investments

42

Portfolio Exits

19

Funds

1

Partners & Customers

10

About SunTrust Banks

SunTrust Banks offers a diversified financial services holding company which provides a range of financial services to consumer and corporate clients. Through its principal subsidiary, SunTrust Bank, the Company provides deposit, credit, and trust and investment services. Additional subsidiaries provide mortgage banking, asset management, securities brokerage, capital market services and credit-related insurance. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia. On December 9, 2019 SunTrust Banks and BB&T completed a merger in an all-stock transaction valued at $66B. The new combined entity is now called Truist Financial Corporation.

Headquarters Location

303 Peachtree Street

Atlanta, Georgia, 30308,

United States

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Expert Collections containing SunTrust Banks

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Find SunTrust Banks in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest SunTrust Banks News

Huntington recruits Truist executive in effort to bolster key unit

Aug 10, 2022

2 Min Read REGISTER NOW Huntington Bancshares in Columbus, Ohio, has bolstered its consumer and business banking leadership team, adding an executive from Truist Financial and promoting an insider who it credits with overseeing a major boost in card revenue. Shawn Lough, who served as head of client first solutions, branch and ATM transformation and performance enablement at the $545 billion-asset Truist, was named to the newly created post of business management director for Huntington's consumer and business banking unit. He will support the implementation and execution of projects, sales strategy and goals, as well as operations at the $178.8 billion-asset Huntington. Shawn Lough, Huntington Bancshares Lough will report to Consumer and Business Banking President Brant Standridge, who called him "a fantastic leader" with "extensive experience managing change within a big organization," in a press release Tuesday. "He has a proven ability to get things done for the benefit of all stakeholders, but most importantly Shawn is an incredible developer and attracter of talent," Standridge said. Lough joined SunTrust Banks as a strategic program manager in October 2013. Following the announcement of the merger of equals between SunTrust and BB&T, which led to creation of Truist in December 2019, Lough spent nearly three years helping oversee the merger of the SunTrust and BB&T consumer operations.

SunTrust Banks Investments

42 Investments

SunTrust Banks has made 42 investments. Their latest investment was in Tribe Transportation as part of their Line of Credit on November 11, 2019.

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SunTrust Banks Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/14/2019

Line of Credit

Tribe Transportation

$10M

Yes

2

4/23/2019

Line of Credit - II

DrFirst

$17M

No

2

3/27/2019

Unattributed - II

KY3P

Yes

1

3/18/2019

Grant

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$99M

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10

1/16/2019

Line of Credit

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$99M

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10

Date

11/14/2019

4/23/2019

3/27/2019

3/18/2019

1/16/2019

Round

Line of Credit

Line of Credit - II

Unattributed - II

Grant

Line of Credit

Company

Tribe Transportation

DrFirst

KY3P

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Amount

$10M

$17M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

1

10

10

SunTrust Banks Portfolio Exits

19 Portfolio Exits

SunTrust Banks has 19 portfolio exits. Their latest portfolio exit was Payrailz on August 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/9/2022

Acquired

$99M

12

2/7/2022

Acquired

$99M

13

11/2/2021

Merger

$99M

11

3/9/2021

Merger

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$99M

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10

10/27/2020

Acquired

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$99M

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10

Date

8/9/2022

2/7/2022

11/2/2021

3/9/2021

10/27/2020

Exit

Acquired

Acquired

Merger

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

12

13

11

10

10

SunTrust Banks Acquisitions

2 Acquisitions

SunTrust Banks acquired 2 companies. Their latest acquisition was Pillar Financial on December 16, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/16/2016

$99M

Acquired

1

8/19/2008

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$99M

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0

Date

12/16/2016

8/19/2008

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

0

SunTrust Banks Fund History

1 Fund History

SunTrust Banks has 1 fund, including Sebring Strong Survivors Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Sebring Strong Survivors Fund

2

Closing Date

Fund

Sebring Strong Survivors Fund

Fund Type

Status

Amount

Sources

2

SunTrust Banks Partners & Customers

10 Partners and customers

SunTrust Banks has 10 strategic partners and customers. SunTrust Banks recently partnered with Univfy on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/24/2022

Partner

United States

4/5/2022

Distributor

United States

1

9/1/2021

Supplier

United States

SunTrust Merchant Services Vs Stax SunTrust Merchant Services vs Stax.

SunTrust Merchant Services 's partnership with First Data means that SunTrust Merchant Services is a reseller of the merchant services that First Data provides .

1

8/7/2019

Partner

United States

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10

4/23/2019

Partner

United States

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10

Date

10/24/2022

4/5/2022

9/1/2021

8/7/2019

4/23/2019

Type

Partner

Distributor

Supplier

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

SunTrust Merchant Services Vs Stax SunTrust Merchant Services vs Stax.

SunTrust Merchant Services 's partnership with First Data means that SunTrust Merchant Services is a reseller of the merchant services that First Data provides .

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Sources

1

1

10

10

SunTrust Banks Team

88 Team Members

SunTrust Banks has 88 team members, including current President, Leroy Abrahams.

Name

Work History

Title

Status

Leroy Abrahams

Regions Financial, Provident Bank, Bank One, and BANK ONE

President

Current

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Name

Leroy Abrahams

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Work History

Regions Financial, Provident Bank, Bank One, and BANK ONE

Title

President

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Status

Current

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