Sparked the onUp Movement to inspire people to take steps toward financial confidence.
The SunTrust Foundation provided $14.1 million to more than 1,500 organizations, and SunTrust teammates and retirees pledged more than $6.3 million to the United Way.
- SunTrust Robinson Humphrey acquires Lantana Oil and Gas Partners, a leading acquisition and divestiture firm in the energy sector.
- SunTrust opens corporate banking offices in Dallas, San Francisco and Chicago.
LightStream, the national online consumer lending division of SunTrust Bank, begins offering the AnythingLoan, a fast and flexible consumer loan, through its online portal.
- James M. Wells III retires and William H. Rogers, Jr. is named chairman in addition to CEO.
- The company books a $1.9 billion gain as it sells 59 million of the remaining 60 million shares it owns in The Coca-Cola Company, while transferring one million shares to the SunTrust Foundation.
- William H. Rogers, Jr. assumes the role of Chief Executive Officer.
- L. Phillip Humann retires and James M. Wells III adds the chairman title.
- L. Phillip Humann steps down as CEO, and retains his chairman position. Jim Wells, president and COO is named CEO.
- James M. Wells III assumes the role of Chief Executive Officer.
- SunTrust Investment Services, a new full-service broker affiliate, formed by combining two existing subsidiaries -- SunTrust Securities and Alexander Key.
- SunTrust is one of the first two financial institutions to clear transactions electronically using check images via Viewpointe Archive Services, a check image repository.
- SunTrust and Memphis-based National Commerce Financial Corporation merge, creating a financial services franchise with more than 1,700 full service offices in 11 states and the District of Columbia.
- SunTrust acquires Lighthouse Financial Services, Inc. which expands the company’s presence into Hilton Head Island, SC.
- SunTrust acquires the Florida banking franchise of Huntington Bancshares. The acquisition provides a net addition of 59 new branches and $4.4 billion in deposits.
- SunTrust acquires the institutional business of the Robinson-Humphrey Company, LCC creating the SunTrust Robinson Humphrey Capital Markets division of SunTrust Capital Markets, Inc.
- The Company consolidates its 27 separate banking charters into a single SunTrust Bank, a Georgia state-chartered member of the Federal Reserve System.
- SunTrust acquires Richmond-based Crestar Financial Corp. on December 31. The acquisition expands SunTrust’s footprint into Virginia, Maryland, and the District of Columbia.
- L. Phillip Humann assumes the role of Chief Executive Officer.
- SunTrust web site, suntrust.com, is created.
- SunBank, Trust Company, and Third National banking units adopt the SunTrust name.
- SunTrust Capital Markets is formed to broaden the range of services available to business clients.
- Euromoney magazine ranks SunTrust the 14th best bank in the world based on criteria tied to performance and stability.
- The STI Classic family of funds is introduced with an initial group of six mutual funds. The value of the company’s investment in The Coca-Cola Company surpasses the $1 billion mark.
- Jimmy Williams is named chairman in addition to his CEO position. L. Phillip Humann is named president.
- As the company’s first chairman, Bob Strickland, approaches retirement, a management succession plan is put into place with Joel Wells becoming chairman and Jimmy Williams named president and CEO.
- The company realizes a $10 million gain through the sale of common stock of Columbia Pictures Entertainment, Inc. which was attained as a spin-off from The Coca-Cola Company.
- Acquisition of two Florida trust subsidiaries of Mellon Bank Corporation is completed, further strengthening SunTrust’s position as the leading provider of trust services in the Southeast.
- STI is added to the S&P 500 Stock Price Index.
- SunTrust posts the highest earnings in the industry for the first half of the year helping earn the distinction as the “Top Performing Regional Bank Holding Company” of the year by American Banker. Discretionary trust assets reach $17 billion.
- SunTrust acquires Third National Corporation, the second-largest bank holding company in Tennessee on December 29.
- SunTrust Securities becomes operational.
- Two-for-one split of the company’s common stock is paid in the form of a 100 percent stock dividend.
- Total assets equal $19.4 billion at year-end.
- Trust Company of Georgia and SunBanks, Inc. merge to form SunTrust Banks, Inc. on July 1. The banks continue operating under the Trust Company and SunBank names in their respective markets.
- A predecessor of SunBanks, Inc., The First National Bank at Orlando, FL, is chartered on Valentine’s Day. (SunBanks later merged with Trust Company of Georgia to form SunTrust Banks, Inc.).
- Third National Bank is chartered in Nashville, TN. (Third National Corporation merged with SunTrust Banks, Inc. in 1986).
- Trust Company of Georgia provides underwriting services to The Coca-Cola Company and receives some of the company’s first publicly traded stock for its services.
- The Commercial Travelers’ Savings Bank changes its name to Trust Company of Georgia.
- The Georgia General Assembly grants a charter for the Commercial Travelers' Savings Bank in Atlanta.