
Investments
42Portfolio Exits
19Funds
1Partners & Customers
10About 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.

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Expert Collections containing SunTrust Banks
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Fortune 500 Investor list
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Latest SunTrust Banks News
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.

SunTrust Banks Investments Activity

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 | |||||
1/16/2019 | Line of Credit |
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 | ||
Amount | $10M | $17M | |||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 1 |
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 | 12 | |||
2/7/2022 | Acquired | 13 | |||
11/2/2021 | Merger | 11 | |||
Date | 8/9/2022 | 2/7/2022 | 11/2/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 12 | 13 | 11 |
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 | Acquired | 1 | ||||
8/19/2008 |
Date | 12/16/2016 | 8/19/2008 |
---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
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 | ||||
4/23/2019 | Partner |
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 | ||
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 . | ||||
Sources | 1 | 1 |
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 |
Name | Leroy Abrahams | ||||
---|---|---|---|---|---|
Work History | Regions Financial, Provident Bank, Bank One, and BANK ONE | ||||
Title | President | ||||
Status | Current |
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