It is the bank holding company in the United States. One of the banks it has is precisely SunTrust Bank. It has a large number of branches where it has and carries out banking products and operations such as deposits, loans, transactions, insurance, credit cards, and more.
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The history of the bank dates back to the creation of the Commercial Travelers Savings Bank in 1891. Two years later, it was transformed into a fiduciary company under the name of Trust Company of Georgia. From 1910, it carried out a series of mergers to consolidate more as an institution and position itself in a better way. It joined with several ice and coal companies forming Atlantic Ice and Coal Company. In the following years, it acquired the Empire Cotton Oil Company and the Continental Gin Company.
In 1911, The People’s National Bank was created, becoming the First National Bank. It had financial problems during the Great Depression, and in 1973, it merged with other banks to form SunBanks. Just over ten years ago, SunBanks combined with Trust Company of Georgia to found SunTrust Banks, Inc. (as today).
Subsequently, it purchased several vital institutions. It placed “SunTrust” in the name of each of its subsidiaries. To continue growing, it acquired Crestar Financial Corporation, Robinson-Humphrey Company (SunTrust Robinson-Humphrey today), the National Trade Finance Corporation (NCF), and more.
The route number identifies the bank. Usually, one of its uses is in bank transfers. It contains nine digits: 061000104.
Number of Employees
Currently, SunTrust has approximately 22,899 employees.
The rating of a banking entity is carried out by Moody’s, S&P, and Fitch agencies to verify that debts are paid.
SunTrust has a rating of:
- S&P = A-.
- Moody’s = A1.
- Fitch = A.
A- (S&P Global) = It means that the economic situation could affect the financing.
A1 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration-
A (Fitch) = It refers to the high solvency capacity and low risk of default.
The headquarters of the entity is in the city of Atlanta, Georgia, United States.
To access the SunTrust website and get more information go to the link: http://suntrust.com
It offers a wide variety of financial and personal, private, commercial, corporate, and investment banking services. It also allows customers and companies, through mobile banking or in person, banking operations such as mortgages, loans, deposits, withdrawals, transfers, and more.
- Address: 303 Peachtree Street NE, Atlanta, Georgia.
- Phone Number: 800.SUNTRUST (Personal Banking), 800.382.3232 (Online and Mobile Banking), +1 80078872835.