Explore All 709 Divestiture Financial Services Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | May 14, 2001 |
| Target | The Robinson-Humphrey Co. |
| Sector | Financial Services |
| Buyer(s) | SunTrust Banks |
| Sellers(s) | Citi |
| Deal Type | Divestiture |
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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 Context for Buyer | # |
|---|---|
| Overall | 3 of 10 |
| Sector: Financial Services | 3 of 9 |
| Type: Divestiture | 1 of 2 |
| State: Georgia | 1 of 1 |
| Country: United States | 3 of 10 |
| Year: 2001 | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-12-23 |
Crestar Financial
Richmond, Virginia, United States Crestar Financial Corp., provides banking financial services. |
Buy | $9.5B |
| 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 | - |
| Category | Company |
|---|---|
| Founded | 1812 |
| Sector | Financial Services |
| Employees | 226,710 |
| Revenue | 81.1B USD (2024) |
Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 19 |
| Sector: Financial Services | 2 of 12 |
| Type: Divestiture | 2 of 16 |
| State: Georgia | 1 of 2 |
| Country: United States | 2 of 11 |
| Year: 2001 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-09-06 |
Associates First Capital
Irving, Texas, United States Associates First Capital Corp. a diversified financial services organization providing finance, leasing, insurance and related services to individual consumers and businesses in the US and internationally. |
Buy | $31.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-05-17 |
Grupo Financiero Banamex
Mexico City, Mexico Grupo Financiero Banamex is a Mexican financial services company. |
Buy | $12.5B |
