Business
SunTrust Banks Inc. said that administrative positions could be affected but that it did not expect significant job cuts from its nearly $7-billion purchase of National Commerce Financial Corp., which is known for its outlets in supermarkets and retail stores.
May 11, 2004
Banking: Stock deal is worth $8.6 billion. Wall Street worries about price.
July 21, 1998
BB&T Corp. agreed to buy SunTrust Banks Inc. in the world’s largest bank merger in more than a decade, betting that a combination will enable them to keep up with bigger rivals in the arms race for new technology.
Feb. 7, 2019
SunTrust Banks Inc., the lender merging with BB&T Corp., said it won’t provide future financing to companies that manage private prisons and immigrant-holding facilities.
July 8, 2019
Awards
An investment arm of SunTrust Banks Inc. has acquired DreamWorks Animation’s plush, Tuscany-style campus in Glendale.
Feb. 26, 2015
SunTrust Banks Inc. said it launched an unsolicited $13.5-billion bid for fellow regional bank Wachovia Corp., topping an earlier offer from First Union Corp., in a drive to widen its reach in the Southeast.
May 15, 2001
SunTrust Banks Inc. said Tuesday that its board decided to drop Andersen, its auditor of about 60 years, and hire rival PricewaterhouseCoopers, becoming one of the first major companies to sever ties with the accounting firm since the Enron Corp. scandal broke.
Feb. 13, 2002
A nearly $1-billion settlement with California and other state authorities as well as federal agencies will close out two major investigations into possible mortgage wrongdoing by the home-lending arm of Atlanta’s SunTrust Banks Inc.
June 17, 2014
SunTrust Banks Inc., the 10th-biggest U.S. bank, said first-quarter profit dropped 9.7% on a jump in bad loans, including losses related to Enron Corp.
April 11, 2002
SunTrust Banks Inc., the country’s seventh-largest bank company, said it had bought $1.4 billion of mortgage-tainted securities from two money market funds it manages, becoming at least the seventh company to rescue customers from losses on an investment traditionally billed as one of the safest.
Dec. 21, 2007