ShareMay 20, 2012

ABOUT SUNTRUST MORTGAGE, INC.

A Brief History

SunTrust Mortgage has provided home loans to our clients since the 1920s. Today, SunTrust Mortgage is among the top 10 mortgage originators and servicers in the U.S., serving 49 states and the District of Columbia.

Here are a few highlights from our history:

  • Our modern-day holding company, SunTrust Banks, Inc., was created in 1985, when Trust Company of Georgia merged with Florida’s SunBank to form the first regional bank holding company in the Southeast under new interstate banking laws.
  • In 1986, SunTrust expanded through acquisition of the Third National Corporation of Nashville, Tennessee.
  • When SunTrust acquired Crestar Financial Corporation of Richmond, Virginia, in 1998, SunTrust Mortgage was created from the merger of the former Crestar Mortgage Corporation with SunTrust’s first-mortgage residential lending company.
  • In 2001, SunTrust acquired the Florida banking franchise of Huntington Bancshares, Inc., enhancing our position in key growth markets.
  • SunTrust acquired National Commerce Finance Corporation in 2004, expanding the company's footprint in high-growth markets including North Carolina, South Carolina, and Memphis.

 

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