SunTrust Banks

Regional bank serving the South.

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Headquarters: 303 Peachtree Street NE
Atlanta, GA 30308
Employees: 24,638
CEO: William Rogers Jr.
Stock Symbol: STI


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SunTrust is one of the nation's largest banking companies. SunTrust operates 1,445 retail branches and 2,187 ATMs in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and Automated Telephone Banking.

Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries, the company also provides credit cards, mortgage banking, insurance, brokerage, and capital markets services.

In 2014, the company reported total revenue of $8.3 billion, up $111 million from 2013, and net income of $1.77 billion.

Average consumer and commercial deposits totaled $136.9 billion for the fourth quarter of 2014 and $190.3 billion in assets.

"Core earnings growth of 18 percent over the past year reflects our focus on expanding client relationships and executing our core strategies. Our strong performance in the fourth quarter and 2014 was driven by good loan and deposit growth, continued expense discipline, and improved credit quality," said William Rogers, Jr. chairman and chief executive officer of SunTrust Banks, Inc. "Looking into 2015, we will build on the momentum generated in 2014 to meet more client needs and expand key businesses, creating a more valuable company for all of our stakeholders."

SunTrust sold its RidgeWorth Investments unit in 2014 for $265 million.


1811- Farmers Bank of Alexandria (Va.), SunTrust's earliest predecessor bank, is granted a charter by Congress on February 16, 1811. (Farmers Bank was a forerunner of Crestar Financial Corporation, which was acquired by SunTrust in 1998.)

1893- The Commercial Travelers' Savings Bank, which was founded in Atlanta in 1891 and focused on trust and investment banking services, changes its name to Trust Company of Georgia.

1919- 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. Through dividend reinvestment and stock splits, SunTrust now owns 48.3 million shares of The Coca-Cola Company.

1985- 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.

1986- SunTrust acquires Third National Corporation, the second-largest bank holding company in Tennessee on December 29.

1995- SunBank, Trust Company and Third National banking units adopt the SunTrust name.

The company received $4.85 billion in 2008 from the U.S. Treasury as part of the Treasury Asset Relief Program.


- Medical Insurance
- Dental Insurance
- Vision Care
- Health Care Flexible Spending Account

- Life Insurance
- Long-Term Disability
- Long-Term Care
- Group Universal Life

- Company­observed Holidays - 10 holidays per year
- Vacation
- Sick Leave
- Bereavement Leave
- Family and Medical Leave
- Jury Duty
- Military Leave and Reinstatement

- 401(k) Plan - You are eligible as soon as you join SunTrust and you may enroll at any time after your hire date. You may elect pretax contributions up to 20% of your pay. Each time you contribute to the 401(k) plan, SunTrust will match your contributions dollar for dollar on your first 3% contributed, and 50 cents on each dollar on the next 2% contributed. You will be 100% vested in the Company's match as soon as it is allocated.
- Retirement Plan - After you have completed five years of service, you become 100% vested in our retirement plan and are entitled to receive benefits when you reach retirement age.

Updated February 15, 2015