SunTrust Banks - M&A Summary and Business Overview

Financial ServicesCompany

SunTrust Banks M&A Summary

SunTrust Banks has acquired 10 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

SunTrust Banks’ largest acquisition to date was in 1998, when it acquired Crestar Financial for $9.5B. SunTrust Banks has acquired in 8 different US states. The Company’s most targeted sectors include financial services (90%) and healthcare services (10%).

SunTrust Banks Business Overview

Where is SunTrust Banks headquartered?

SunTrust Banks is headquartered in Atlanta, Georgia.

What is SunTrust Banks’ revenue?

SunTrust Banks disclosed revenue of 8,880M USD for 2017 and 8,538M USD for 2016.

How many employees does SunTrust Banks have?

SunTrust Banks has 24,043 employees.

What sector is SunTrust Banks in?

SunTrust Banks is a financial services company.

When was SunTrust Banks founded?

SunTrust Banks was founded in 1891.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 6

SunTrust Banks, Inc.

303 Peachtree Street, N.E.,
Atlanta, Georgia 30308
United States,
(800) 786-8787
www.suntrust.com

SunTrust Banks, Inc. is a financial services company. SunTrust has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of December 31, 2018, SunTrust had total assets of $216 billion and total deposits of $163 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $18.0B $18.0B
Sell (0.0/yr) # 1 - - - - - 1
  11

Most Recent M&A

Company Date Value Type
Pillar Financial LLC 2016-10-20 - Add-on Acquisition
New York, New York · www.pillarfinance.com
FirstAgain LLC 2012-01-23 - Add-on Acquisition
San Diego, California · www.firstagain.com
National Commerce Financial Corp. 2004-05-09 7.0B USD Merger
Memphis, Tennessee
Seix Investment Advisors LLC 2004-04-13 - Add-on Acquisition
Upper Saddle River, New Jersey · www.seixadvisors.com
Lighthouse Financial Services, Inc. 2003-06-02 130M USD Add-on Acquisition
Hilton Head Island, South Carolina
Shearwater Health, Inc. 2002-09-23 - Venture
Nashville, Tennessee · www.shearwaterhealth.com
Huntington Bancshares - Florida Banking Franchise 2001-09-26 705M USD Divestiture
, Florida
STI Credit Corp. (SunTrust Credit) 2001-06-05 - Divestiture
Atlanta, Georgia
The Robinson-Humphrey Co. LLC 2001-05-14 - Divestiture
Atlanta, Georgia
Crestar Financial Corp. 1998-12-23 9.5B USD Add-on Acquisition
Richmond, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 9 (90%) 18.0B (100%) 1 (100%) -
Healthcare Services 1 (10%) - - -
Total 10 $18.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 18.0B 1 -
  Tennessee 3 7.7B - -
  Georgia 1 - 1 -
  Virginia 1 9.5B - -
  South Carolina 1 130M - -
  New York 1 - - -
  New Jersey 1 - - -
  Florida 1 705M - -
  California 1 - - -
Total 10 $18.0B 1 -

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Lehman Brothers, Inc.
1
MHB Advisers
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
1
King & Spalding
1

Deal Values

buy # Total
> $1B 2 $16.5B
$100M to $1B 3 $1.6B
TOTAL $18.0B
Largest Crestar Financial Corp.
$9.5B (1998-12-23)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
20%
2 (20%)
Divested to
Strategic(s)
100%
1 (100%)

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