Q&A

What was SunTrust Bank before?

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What was SunTrust Bank before?

In 1985, Trust Company of Georgia and SunBanks merged to form SunTrust Banks, Inc. The merged company was headquartered in Atlanta, and continued to operate as Trust Company Bank in Georgia and Sun Bank in Florida.

Who is SunTrust owned by?

BB Corp.
BB Corp. is buying SunTrust Banks Inc., a $66 billion merger that will create the nation’s sixth-largest bank.

What is SunTrust Bank known for?

SunTrust Banks (NYSE:STI) is the holding company and publicly traded side of SunTrust Bank, one of the country’s biggest regional banks. SunTrust primarily does three kinds of banking: consumer banking and private-wealth management; wholesale banking; and mortgage banking.

What happened to SunTrust?

About SunTrust Bank, Now Truist On Dec. 9, 2019, Winston-Salem, North Carolina-based BB (Branch Banking and Trust Company) and Atlanta-based SunTrust completed a merger of equals to become Truist Bank, the sixth largest U.S. bank based on assets, according to FDIC data.

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What is SunTrust Bank new name?

Truist bank
The new Truist bank brand, the name taken by the recently merged BB Corp. and SunTrust Banks Inc., went up Friday on a downtown Baltimore office tower and will spread in coming months to branches across the Baltimore region.

Who merged Truist bank?

BB
BB, headquartered in Winston-Salem, North Carolina, officially merged in late 2019 with SunTrust to form Truist, whose sign is now atop the 300 Summers St. tower. Coming at the end of 2019, merger news flew under the radar during the COVID-19 pandemic.

What is SunTrust bank new name?

When did trust company become SunTrust?

1985
In 1985, Trust Company of Georgia and SunBanks merged to form SunTrust Banks, Inc. Third National Corporation, the second largest bank holding company in Tennessee, was acquired on December 29, 1986.

Is SunTrust a reputable bank?

SunTrust will be the right bank for customers looking for perks with their basic checking and savings options. It may be a particularly good fit for those who: Would like to receive cash back from their debit and credit card purchases and cash bonuses for putting that cash back into their SunTrust deposit accounts.

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Is Truist a reputable bank?

The two banks completed the merger on Dec. 6, 2019. The bank serves about 10 million households in 17 states as well as numerous business customers. In addition, GOBankingRates named Truist Bank the Best Regional Bank of 2021 in its annual Best Banks rankings.

Can SunTrust customers go to BB?

10,” the bank estimated. Transactions that have already been scheduled will post to customer accounts on Tuesday. However, BB customers cannot conduct any other transactions through SunTrust branches. Customers can continue using their BB credit and debit cards as normal.

Did BB buy SunTrust bank?

BB, headquartered in Winston-Salem, North Carolina, officially merged in late 2019 with SunTrust to form Truist, whose sign is now atop the 300 Summers St. tower. Coming at the end of 2019, merger news flew under the radar during the COVID-19 pandemic.

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