M&A Deal Summary |
|
|---|---|
| Date | 2001-09-26 |
| Target | Huntington Bancshares - Florida Banking Franchise |
| Sector | Financial Services |
| Buyer(s) | SunTrust Banks |
| Sellers(s) | Huntington Bancshares |
| Deal Type | Divestiture |
| Deal Value | 705M USD |
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| Category | Company |
|---|---|
| Founded | 1891 |
| Sector | Financial Services |
| Employees | 24,043 |
| Revenue | 8.9B USD (2017) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector (Financial Services) | 4 of 9 |
| Type (Divestiture) | 2 of 2 |
| State (Florida) | 1 of 1 |
| Country (United States) | 4 of 10 |
| Year (2001) | 2 of 2 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-06-05 |
STI Credit
Atlanta, Georgia, United States STI Credit Corp. (SunTrust Credit) is a national provider of commercial finance services to the small business market. SunTrust Credit has approximately $400 million in receivables. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-09-23 |
Shearwater Health
Nashville, Tennessee, United States Shearwater Health is a provider of offshore clinical resources serving U.S. healthcare companies. Its clinical process outsourcing offering provides intelligent, patient-centered solutions that lower costs and improve outcomes for healthcare payers, providers, and service companies. Shearwater Health was founded in 1973 and is based in Nashville, Tennessee. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Financial Services |
| Employees | 19,719 |
| Revenue | 7.4B USD (2023) |
Huntington Bancshares is a regional bank holding company that provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. Huntington Bancshares was founded in 1866 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Financial Services) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2001) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-09-01 |
First Michigan Bank
Holland, Michigan, United States First Michigan Bank Corporation operated as a holding company that was engaged in the general commercial and retail banking, trust services, and investment services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-01 |
Sky Financial Group
Bowling Green,, Ohio, United States Sky Financial Group, Inc. operates as a holding company for Sky Bank that provides commercial and consumer banking services. |
Buy | - |
