Highlights of the bank’s rise, taken from the SunTrust website:
1891: The Georgia General Assembly grants a charter for the Commercial Travelers’ Savings Bank in Atlanta, which would change its name to Trust Company of Georgia two years later.
1919: Trust Company of Georgia provides underwriting services to the Coca-Cola Co. and receives some of the company’s first publicly traded stock for its services.
1985: Trust Company of Georgia and SunBanks Inc. merge to form SunTrust Banks Inc.
RELATED: SunTrust to merge with BB&T
1986: SunTrust acquires Third National Corp., the second-largest bank holding company in Tennessee.
1987: SunTrust posts the highest earnings in the industry for the first half of the year and is called the “Top Performing Regional Bank Holding Company” of the year by American Banker.
1988: STI is added to the S&P 500 Stock Price Index.
1988: Acquires two Florida trust subsidiaries of Mellon Bank Corp.
1998: SunTrust acquires Crestar Financial Corp., expanding SunTrust’s footprint into Virginia, Maryland, and the District of Columbia.
2001: 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.
2003: SunTrust acquires Lighthouse Financial Services Inc., which expands the company’s presence into Hilton Head Island, S.C.
2004: SunTrust is one of the first two financial institutions to clear transactions electronically.
2004: SunTrust and Memphis-based National Commerce Financial Corp. merge.
2005: SunTrust Securities and Alexander Key combine to form SunTrust Investment Services, a full-service broker affiliate.
2013: SunTrust opens corporate banking offices in Dallas, San Francisco and Chicago.
2014: SunTrust Robinson Humphrey acquires Lantana Oil and Gas Partners, a leading acquisition and divestiture firm in the energy sector.
2016: SunTrust announces the acquisition of the assets of Pillar Financial LLC., a leading agency multi-family lender.
2019: SunTrust announces merger with Winston-Salem, N.C.-based BB&T. The merger would create the sixth-largest bank in the United States, with new company headquarters in Charlotte, N.C.
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