On the Record · Suntrust Banks

Suntrust Banks acquisitions, on the record

The businesses Suntrust Banks bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Pillar Word for word“In the fourth quarter of 2016, we completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar .” 10-K for 2016	acquisition	—	—
Pillar Financial, LLC Word for word“The Company agreed to pay $197 million in cash and incurred an immaterial amount of acquisition-related costs for the acquisition; however, final cash settlement is to occur within 100 days after the acquisition date as specified in the purchase 88 Notes to Consolidated Financial Statements, continued agreement, to capture any working capital adjustments.” 10-K for 2016	acquisition	—	The Company agreed to pay $197 million in cash
RidgeWorth Word for word“In 2014, the Company completed the sale of RidgeWorth , its asset management subsidiary with approximately $49.1 billion in assets under management.” 10-K for 2016	divestiture	2014	approximately $49.1 billion in assets under management
PAC (commercial lines insurance premium finance subsidiary), sold to IPFS Corporation Word for word“On December 1, 2017 , the Company completed the sale of PAC , its commercial lines insurance premium finance subsidiary with $1.3 billion in assets and $1.2 billion in liabilities, to IPFS Corporation.” 10-K for 2017	divestiture	On December 1, 2017	—
Pillar Financial, LLC (substantially all of the assets of the operating subsidiaries) Word for word“On December 15, 2016 , the Company completed the acquisition of substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC, a multi-family agency lending and servicing company with an originate-to-distribute focus that holds licenses with Fannie Mae , Freddie Mac , and the FHA .” 10-K for 2017	acquisition	On December 15, 2016	—
BB&T Corporation Word for word“On February 7, 2019, SunTrust entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with BB&T Corporation (“ BB&T ”), a North Carolina corporation.” 10-K for 2018	agreed acquisition	On February 7, 2019	—
PAC Word for word“Gain on sale of subsidiaries totaled $107 million for 2017 , resulting from our gain from the sale of PAC during the fourth quarter of 2017.” 10-K for 2018	divestiture	during the fourth quarter of 2017	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$0	$0
2017-12-31	$261 million	—
2018-12-31	$0	—

Deal filings since 2016

2019-12-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Suntrust Banks’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.