What does SunTrust mean?
Definitions for SunTrust
sun·trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word SunTrust.
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Wikipedia
SunTrust
SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered. As of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. The bank's primary businesses included deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provided corporate and investment banking, capital market services, mortgage banking, and wealth management — with nearly 24,000 employees. In 2013, it was ordered to pay $1.5 billion "to resolve claims of shoddy mortgage lending, servicing and foreclosure practices," and it reached a preliminary $968 Million settlement with the US government in 2014.In February 2019, SunTrust Banks announced its pending purchase by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender, being the biggest bank deal since the 2007-2008 financial crisis. On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation.
Numerology
Chaldean Numerology
The numerical value of SunTrust in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of SunTrust in Pythagorean Numerology is: 8
Examples of SunTrust in a Sentence
This proposed merger between SunTrust and BB&T is a direct consequence of the deregulatory agenda that Trump and Congressional Republicans have advanced, the proposed merger raises many questions and deserves serious scrutiny from banking regulators, Congress and the public to determine its impact and whether it would create a public benefit for consumers.
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Translations for SunTrust
From our Multilingual Translation Dictionary
- SuntrustHindi
- SunTrustItalian
- ಸುಂಟ್ರಸ್ಟ್Kannada
- confiança solarPortuguese
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"SunTrust." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/SunTrust>.
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