About SunTrust Bank
SunTrust Bank is a company based in Atlanta (United States) founded in 1891.. The company has 22,776 employees as of December 31, 2019. SunTrust Bank has completed 4 acquisitions, including CSI Capital Management, FirstAgain and Jones & Frank. SunTrust Bank offers products and services including Truist One Checking, Truist One Savings, Truist Enjoy Cash Credit Card, and Home Equity Line of Credit. SunTrust Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Atlanta, United States
- Employees 22776 as on 31 Dec, 2019
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Suntrust Banks, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3.7 M (USD), Post-IPO
Dec 14, 2016
- Investors
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Employee Count
22776
as on Dec 31, 2019
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Investments & Acquisitions
CSI Capital Management
& 3 more
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Products & Services of SunTrust Bank
SunTrust Bank offers a comprehensive portfolio of products and services, including Truist One Checking, Truist One Savings, Truist Enjoy Cash Credit Card, and Home Equity Line of Credit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Checking account with no overdraft fees and practical perks.
Savings option with competitive rates and easy access.
Credit card offering cash back on purchases.
Loan using home equity for expenses or investments.
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Leadership Team
233 people
Software Development Team
228 people
Finance and Accounting
43 people
Data Analysis and Operations Team
24 people
Legal and Compliance
22 people
Product Management Team
19 people
Senior Team
19 people
Operations Team
17 people
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Funding Insights of SunTrust Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $3.7M
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First Round
First Round
(09 Jul 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2016 | Amount | Post-IPO - SunTrust Bank | Valuation |
investors |
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| Dec, 2015 | Amount | Post-IPO - SunTrust Bank | Valuation |
investors |
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| Dec, 2014 | Amount | Post-IPO - SunTrust Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SunTrust Bank
SunTrust Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SunTrust Bank
SunTrust Bank has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CSI Capital Management, FirstAgain and Jones & Frank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Home loans provider
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2010 | ||||
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Unsecured personal loans are provided via an online lending platform.
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2005 | ||||
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Financial planning, investment, and wealth management services are provided.
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1978 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SunTrust Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Suntrust Bank Comparisons
Competitors of SunTrust Bank
SunTrust Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Suntrust Bank
Frequently Asked Questions about SunTrust Bank
When was SunTrust Bank founded?
SunTrust Bank was founded in 1891 and raised its 1st funding round 117 years after it was founded.
Where is SunTrust Bank located?
SunTrust Bank is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of SunTrust Bank?
Bill Rogers is the current CEO of SunTrust Bank.
How many employees does SunTrust Bank have?
As of Dec 31, 2019, the latest employee count at SunTrust Bank is 22,776.
What does SunTrust Bank do?
SunTrust Bank was founded in 1891 in Atlanta, United States, and operates as a commercial bank in the financial sector. Personal banking, credit cards, loans, mortgages, small business support, investing, retirement planning, wealth management, and corporate services are provided to individual and business clients. Annual revenues of 10.43 billion and net profit of 2.77 billion were recorded in 2018.
Who are the top competitors of SunTrust Bank?
What products or services does SunTrust Bank offer?
SunTrust Bank offers Truist One Checking, Truist One Savings, Truist Enjoy Cash Credit Card, and Home Equity Line of Credit.
How many acquisitions has SunTrust Bank made?
SunTrust Bank has made 4 acquisitions, including CSI Capital Management, FirstAgain, and Jones & Frank.
Who are SunTrust Bank's investors?
SunTrust Bank has 1 investor. Key investors include U.S. Department of the Treasury.
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