M&A Deal Summary |
|
|---|---|
| Date | 2004-04-13 |
| Target | Seix Investment Advisors |
| Sector | Financial Services |
| Buyer(s) | SunTrust Banks |
| Deal Type | Add-on Acquisition |
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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 | 7 of 10 |
| Sector (Financial Services) | 6 of 9 |
| Type (Add-on Acquisition) | 4 of 6 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 7 of 10 |
| Year (2004) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-06-02 |
Lighthouse Financial Services
Hilton Head Island, South Carolina, United States Lighthouse Financial Services, Inc., a financial service company. |
Buy | $130M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-05-09 |
National Commerce Financial
Memphis, Tennessee, United States National Commerce Financial Corporation, headquartered in Memphis, Tennessee, is a sales and marketing organization that delivers select financial and consulting services through a national network of banking and non-banking affiliates. With $23 billion in assets, NCF operates almost 500 branches in 14 of the nation's fastest growing metropolitan areas throughout the southeast. |
Buy | $7.0B |
