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Assets reached $10.5 billion by 1994, with 263 offices in 138 cities in North and South Carolina.
In 1995, BB&T and Winston-Salem-based Southern National Corporation, the state’s fifth largest bank-holding company, completed a “merger of equals,” resulting in 437 branches in 220 cities in the Carolinas and Virginia, all carrying the BB&T name.
In 1997, BB&T purchased Fidelity Federal Bankshares of Richmond, Va., and Virginia First Financial of Petersburg, Va.
In 1999, BB&T completed the acquisition of MainStreet Financial Corp. of Martinsville, Va.; First Citizens Corp. of Newnan, Ga.; Mason-Dixon Bancshares of Westminster, Md.; Matewan Bancshares of Williamson, W.Va.; and First Liberty of Macon, Ga.
2001: SunTrust acquires the Florida banking franchise of Huntington Bancshares.
In September 2002, BB&T completed its acquisition of Regional Financial Corporation (First South Bank) of Tallahassee, Fla.
In July 2003, BB&T completed the acquisition of First Virginia Banks Inc. of Falls Church, Va.
BB&T completed the acquisition of Republic Bancshares Inc. of St Petersburg, Fla., in April 2004.
2004: SunTrust is one of the first two financial institutions to clear transactions electronically.
2005: SunTrust Securities and Alexander Key combine to form SunTrust Investment Services, a full-service broker affiliate.
In 2006, BB&T completed the acquisitions of Main Street Banks Inc. of Atlanta, Ga., and First Citizens Bancorp of Cleveland, Tenn.
BB&T completed the acquisition of Coastal Financial Corporation of Myrtle Beach, S.C., in 2007.
In August 2009, BB&T acquired the banking operations of Colonial Bank of Montgomery, Ala., in an FDIC-assisted deal.
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.
© 2022 Synovus Financial Corp.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Horizon Bank | 1864 | $50.0M | 5,577 | 866 |
| Huntington National Bank | 1866 | $4.8B | 25,693 | 1,647 |
| BancorpSouth | 1876 | $775.0M | 4,693 | - |
| First Merchants | 1893 | $556.0M | 1,918 | 193 |
| Avenue Financial Holdings | 2006 | - | 176 | - |
| Security Federal Bank | 1922 | $49.8M | 248 | 10 |
| Synovus | 1888 | $1.5B | 5,134 | 108 |
| First Bancorp | 1948 | $1.2B | 3,000 | 208 |
| Heritage Bank | 1927 | $247.4M | 767 | 82 |
| Hingham Institution for Savings | 1834 | $65.3M | 86 | 7 |
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