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Investment Bank
FINANCIAL | Retail Banking
suntrust.com

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Investments

41

Portfolio Exits

17

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.

SunTrust Banks Headquarter 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.

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Fortune 500 Investor list

590 items

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Latest SunTrust Banks News

Regions hires Truist banker to lead New Markets Tax Credit practice

Nov 1, 2021

1 Min Read REGISTER NOW Regions Financial in Birmingham, Alabama, has established a New Markets Tax Credit practice and recruited a Truist Financial banker who specializes in community revitalization to lead the new unit. Steve Ross was previously the head of the New Markets Tax Credit practice for a community development arm of Truist Financial in North Carolina. He will hold a similar job for Regions Financial in Alabama. Steve Ross, who is based in Washington, and his team will focus on social-impact investments, joining the bank's broader tax credit investment services, which include low-income housing tax credits and solar renewables tax credit equities, the $156 billion-asset Regions said Monday. He will report to Ward Cheatham, Regions’ head of corporate banking. “Adding these capabilities not only expands our range of services, it complements and enhances our broader commitment to creating more inclusive prosperity,” Cheatham said in a news release. “The result will be more investments from the business community into programs and initiatives that are making a real and valuable difference.” Ross was previously the head of the NMTC practice for Truist Community Capital, a community development arm of the $530 billion-asset Truist in Charlotte, North Carolina. He worked at Truist and its predecessor SunTrust Banks for seven years. Before he joined SunTrust, Ross held a number of project management roles at both nonprofit and for-profit organizations focused on community revitalization and the creation or preservation of affordable housing. He has also served on the boards for the New Markets Tax Credit Coalition and the Partnership for Job Creation. Since the pandemic began, many members of small credit unions have defected to banks that offer better digital products and services. The credit unions are focusing on in-person banking or catering to small businesses and other niches to rebuild their customer base.

SunTrust Banks Investments

41 Investments

SunTrust Banks has made 41 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

3/18/2019

Grant

Westside Future Fund

$5M

Yes

2

1/16/2019

Line of Credit

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$99M

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10

1/4/2019

Series A

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$99M

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10

Date

11/14/2019

4/23/2019

3/18/2019

1/16/2019

1/4/2019

Round

Line of Credit

Line of Credit - II

Grant

Line of Credit

Series A

Company

Tribe Transportation

DrFirst

Westside Future Fund

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Amount

$10M

$17M

$5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

SunTrust Banks Portfolio Exits

17 Portfolio Exits

SunTrust Banks has 17 portfolio exits. Their latest portfolio exit was Cendyn on November 02, 2021.

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

11/2/2021

Merger

11

3/9/2021

Merger

1

10/27/2020

Acquired

$991

4

00/00/0000

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10

00/00/0000

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$991

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10

Date

11/2/2021

3/9/2021

10/27/2020

00/00/0000

00/00/0000

Exit

Merger

Merger

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

11

1

4

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

Acquired

1

8/19/2008

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$99M

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10

Date

12/16/2016

8/19/2008

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

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 First Data on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/1/2021

Supplier

First Data

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

Solar Mosaic

United States

Mosaic and SunTrust Bank Enter Solar Financing Partnership

The partnership allows homeowners to invest in upgrading the value of their homes and make a long-term commitment to sustainability -- core principles to both SunTrust Bank and Mosaic .

2

4/23/2019

Partner

DrFirst

United States

DrFirst Structures a New $17 Million Commercial Financing Facility with SunTrust

The financing extends DrFirst 's strategic relationship with SunTrust Banks , Inc. , a partnership which initially began in 2015 .

5

1/28/2019

Partner

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10

8/29/2017

Partner

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10

Date

9/1/2021

8/7/2019

4/23/2019

1/28/2019

8/29/2017

Type

Supplier

Partner

Partner

Partner

Partner

Business Partner

First Data

Solar Mosaic

DrFirst

Country

United States

United States

United States

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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 .

Mosaic and SunTrust Bank Enter Solar Financing Partnership

The partnership allows homeowners to invest in upgrading the value of their homes and make a long-term commitment to sustainability -- core principles to both SunTrust Bank and Mosaic .

DrFirst Structures a New $17 Million Commercial Financing Facility with SunTrust

The financing extends DrFirst 's strategic relationship with SunTrust Banks , Inc. , a partnership which initially began in 2015 .

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Sources

1

2

5

10

10

SunTrust Banks Team

65 Team Members

SunTrust Banks has 65 team members, including current President, Gregory Farno.

Name

Work History

Title

Status

Gregory Farno

President

Current

David Lee

Founder

Former

Bill Thompson

Chief Executive Officer

Former

Nic Bustle

President

Former

Craig Dowdy

President

Former

Name

Gregory Farno

David Lee

Bill Thompson

Nic Bustle

Craig Dowdy

Work History

Title

President

Founder

Chief Executive Officer

President

President

Status

Current

Former

Former

Former

Former

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