Taylor Scott
SunTrust Banks Inc. is an American bank holding company with a wide range of services, including deposits, lending, credit cards, and investment services. As of September 2016, SunTrust operated 1,400 branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. However, Illinois was not listed as one of the states with SunTrust branches. While there are mentions of SunTrust Bank in Chicago, Illinois, on Yelp, it is unclear if these are physical branches or simply references to the bank. Therefore, it appears that SunTrust Bank did not have a significant presence in Illinois, focusing primarily on other states in the southeast and Washington, D.C.
| Characteristics | Values |
|---|---|
| Number of branches as of September 2016 | 1,400 |
| Number of ATMs as of September 2016 | 2,160 |
| States with branches as of September 2016 | Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington, D.C. |
| Branches in Illinois | None found |
| Branches in Bloomingdale, Illinois | None found |
| Branches in Chicago, Illinois | Yes |
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What You'll Learn
SunTrust Bank operated 1,400 branches and 2,160 ATMs across 11 states and Washington, D.C
SunTrust Banks Inc. was formed in 1985 when the Trust Company of Georgia merged with Sun Banks Inc. Headquartered in Atlanta, the bank continued to operate as Trust Company Bank in Georgia and Sun Bank in Florida. In 1995, SunTrust rebranded all its banking subsidiaries as SunTrust.
As of September 2016, SunTrust operated 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. The states included Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. The bank's primary businesses included deposits, lending, credit cards, and trust and investment services.
SunTrust provided corporate and investment banking, capital market services, mortgage banking, and wealth management through its various subsidiaries. It had nearly 24,000 employees and was involved in several notable acquisitions and settlements. In 2013, the bank faced a penalty for its mortgage lending practices, and in 2014, it reached a settlement with the US government.
In February 2019, SunTrust announced its pending purchase by BB&T for $28 billion, creating the sixth-largest US lender. The merger closed on December 6, 2019, resulting in the formation of Truist Financial Corporation. Truist Bank became the merged company's legal banking entity, and customers could use the other's ATMs without charge during the transition.
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SunTrust Bank merged with BB&T in 2019 to form Truist Bank
SunTrust Banks, Inc. merged with BB&T Corporation in 2019 to form Truist Bank, a merger of equals that created the sixth-largest US commercial bank. The deal was worth $28 billion in an all-stock deal, making it the biggest bank deal since the 2008 financial crisis. The merger was first announced on February 7, 2019, and final regulatory approval was received on November 19, 2019. The merger was completed and the deal closed on December 6, 2019, with BB&T as the surviving corporation.
The newly formed Truist Bank is headquartered in Charlotte, North Carolina, and serves approximately 10 million consumer households and a full range of business clients. Truist is one of the nation's largest financial services holding companies, offering a wide range of services, including retail, small business and commercial banking, asset management, capital markets, and wealth management.
The merger resulted in the divestiture of 30 SunTrust branches, which were acquired by First Horizon Bank, a wholly-owned subsidiary of First Horizon National Corporation. This was done to satisfy regulatory requirements in connection with the merger. The merged bank continued to operate under the BB&T and SunTrust names until their systems were fully combined, a process that was expected to take up to two years. During this transition period, customers of both banks could use the other's ATMs without incurring additional charges.
The merger between SunTrust and BB&T created a new company with a bold, transformative vision to increase investment in innovative technology and create a distinctive client experience. The combined history of BB&T and SunTrust spans 275 years, and the merger allowed the new entity to better serve its clients and communities by leveraging the strengths and expertise of both legacy institutions.
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SunTrust Bank has branches in Chicago, Illinois
SunTrust Bank, a subsidiary of Truist Financial Corporation, previously operated branches and ATMs across several states in the US. As of September 2016, the bank had 1,400 branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. These states included Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
While there is no explicit mention of SunTrust Bank branches in Illinois, there are hints of its presence in the state, particularly in Chicago. A Yelp review from June 2023 mentions a customer's experience with a SunTrust credit card, suggesting that SunTrust Bank may have served customers in the Chicago area. Another review from Bloomingdale, Illinois, indirectly refers to SunTrust Bank in the vicinity, indicating its potential presence in the state.
However, it's important to note that SunTrust Bank merged with BB&T in December 2019 to form Truist Bank. As a result, the combined bank continues to operate under the BB&T and SunTrust names until their systems are fully integrated. Therefore, it is likely that any existing SunTrust Bank branches in Illinois, including Chicago, may now operate under the Truist Bank or BB&T brand.
To confirm the current status and locations of SunTrust Bank branches in Chicago, Illinois, it is recommended to visit the official website or contact their customer support for the most up-to-date information.
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SunTrust Bank offers credit cards
SunTrust Bank, now known as Truist Bank after its merger with BB&T, offers a range of credit cards to suit different customer needs. The bank's credit card offerings include options for earning rewards, saving on interest, and building credit.
One of the key features of SunTrust credit cards is the ability to earn rewards. The Rewards Credit Card allows cardholders to earn points on every purchase, which can be redeemed for travel, merchandise, cash back, and more. This card offers flexible redemption options, bonus offers, and special sign-up bonuses.
For those who want to save on everyday expenses, SunTrust offers a Cash Back Credit Card. With this card, customers can earn cash back on common purchases such as groceries, dining, and fuel. The card provides up to a certain percentage of cash back in specific categories.
SunTrust also caters to individuals looking to build or rebuild their credit history. Their Credit Builder card is designed for those with limited or no credit history. It requires a refundable security deposit as low as $10, which sets the credit limit. SunTrust reports to all three major credit bureaus, helping cardholders establish a positive credit history.
In addition to these cards, SunTrust, now Truist, offers other credit card options with low rates and exclusive benefits. New York residents can contact the New York State Department of Financial Services for information on comparative credit card rates, fees, and grace periods.
While I cannot confirm if SunTrust Bank had branches in Illinois, as of September 2016, the bank operated 1,400 branches and 2,160 ATMs across 11 southeastern states and Washington, D.C.
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SunTrust Bank customers can use PNC Bank services
As of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. The bank's primary services included deposits, lending, credit cards, and trust and investment services.
SunTrust Bank does not have any branches in Illinois. However, SunTrust customers can still use PNC Bank services. PNC Financial Services Group, Inc. provides investment consulting and wealth management, fiduciary services, and FDIC-insured banking products and services through PNC Bank, National Association.
PNC Bank offers mobile banking, which is free to use, although third-party message and data rates may apply. To use the Mobile Deposit feature, you will need a supported camera-equipped device and the PNC mobile banking app.
PNC Bank also provides investment, consulting, trustee, and custody services for employer-sponsored retirement plans. Additionally, they offer lending services and various fiduciary and agency services through their subsidiaries.
While PNC Bank does not provide legal, tax, or accounting advice, they may offer tax services if a written tax services agreement is in place.
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Frequently asked questions
As of September 2016, SunTrust Bank operated 1,400 branches across 11 southeastern states and Washington, D.C. Illinois is not one of these states, and therefore SunTrust Bank does not have any branches in Illinois.
SunTrust Bank has branches in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington, D.C.
Yes, SunTrust Bank merged with BB&T in December 2019, forming Truist Bank.
SunTrust Bank offers a range of financial services, including deposits, lending, credit cards, and trust and investment services. The bank also provides corporate and investment banking, capital market services, mortgage banking, and wealth management.
