Banking

SunTrust Banks Corporate Office

Trust Company of Georgia was founded in 1891 under the name Commercial Travelers Savings Bank. It is the most direct ancestor of SunTrust Banks.

SunTrust Banks in its present form is the result of the merger between Trust Company of Georgia and SunBanks, Inc. in 1985.

The new company continued to operate under two different names until 1995 when all banks began operating under the SunTrust name.

In 2015, the company removed a severance clause which required laid off or terminated employees to continue to give their assistance for up to 2 years with no pay.

Today SunTrust operates 1,500 bank branches and 2,243 ATMs across the southern United States.

In May 2019, BB&T Bank has agreed to purchase SunTrust Bank for an estimated $28 billion in stock.

The company paid nearly $1 billion in fines after a US federal probe found irregularities in mortgage orientation, servicing, and foreclosure abuses in 2014.

SunTrust trades publicly on the New York Stock Exchange under the symbol STI, is a member of the S&P 500, is #239 in the Fortune 500, has 22,899 employees, and had $9 billion in revenue in 2018.

SunTrust Banks

Trust Company of Georgia was founded in 1891 under the name Commercial Travelers Savings Bank. It is the most direct ancestor of SunTrust Banks.

SunTrust Banks in its present form is the result of the merger between Trust Company of Georgia and SunBanks, Inc. in 1985.

History

The new company continued to operate under two different names until 1995 when all banks began operating under the SunTrust name.

In 2015, the company removed a severance clause which required laid off or terminated employees to continue to give their assistance for up to 2 years with no pay.

Today SunTrust operates 1,500 bank branches and 2,243 ATMs across the southern United States.

In May 2019, BB&T Bank has agreed to purchase SunTrust Bank for an estimated $28 billion in stock.

The company paid nearly $1 billion in fines after a US federal probe found irregularities in mortgage orientation, servicing, and foreclosure abuses in 2014.

SunTrust trades publicly on the New York Stock Exchange under the symbol STI, is a member of the S&P 500, is #239 in the Fortune 500, has 22,899 employees, and had $9 billion in revenue in 2018.

TCF Bank Corporate Office

TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation. TCF Financial Corporation is a public company, trading on the New York Stock Exchange under the ticker TCB.

TCF Financial Corporation was founded in 1923 as Twin City Building and Loan Association.

In the 1990’s the company expanded from Minnesota into Michigan through two key acquisitions: First Federal Savings Bank of Oakland County and Great Lakes National Bank.

TCF offers retail lending services such as consumer loans for home purchases, debt consolidation, autos, vacations, and education. TCF also provides checking accounts, savings accounts, money market accounts, and retirement savings plans.

The company also offers treasury services such as investment and borrowing portfolios and and risk management.

TCF has 428 branches, is a member of the S&P 400, has 5,400 employees, and had $1.09 billion in revenue in 2013.

TCF Financial Corporation

TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation. TCF Financial Corporation is a public company, trading on the New York Stock Exchange under the ticker TCB.

TCF Financial Corporation was founded in 1923 as Twin City Building and Loan Association.

In the 1990’s the company expanded from Minnesota into Michigan through two key acquisitions: First Federal Savings Bank of Oakland County and Great Lakes National Bank.

History

The company also offers treasury services such as investment and borrowing portfolios and and risk management.

TCF has 428 branches, is a member of the S&P 400, has 5,400 employees, and had $1.09 billion in revenue in 2013.

People’s United Bank Corporate Office

People’s United Bank was founded in 1842 as People’s Bank, a savings bank, in Bridgeport, Connecticut.

Today People’s United Bank has more than 400 locations, including traditional branches, supermarket branches, commercial banking offices, investment and brokerage offices, and equipment leasing offices.

These locations are in Connecticut, Vermont, New Hampshire, Massachusetts, Maine, and New York.

People’s United Financial, the holding company of People’s United Bank, is a diversified financial services company with $28 billion in assets. The company offers equipment financing, asset management, brokerage, insurance services, and financial advisory services.

People’s United Financial trades on the NASDAQ under the symbol PBCT and is part of the S&P 500. The company had $1.18 billion in revenue in 2013.

People's United Bank

People’s United Bank was founded in 1842 as People’s Bank, a savings bank, in Bridgeport, Connecticut.

These locations are in Connecticut, Vermont, New Hampshire, Massachusetts, Maine, and New York.

History

People’s United Financial trades on the NASDAQ under the symbol PBCT and is part of the S&P 500. The company had $1.18 billion in revenue in 2013.

ING Group Corporate Office

ING Group is a Dutch multinational company focused on retail banking, direct banking, investment banking, asset management, and insurance with world headquarters in Amsterdam.

ING has its insurance roots in the 1845 founding of the Fire Insurance Company of the Netherlands. ING has its banking roots in the 1881 founding of creation of the postal savings system by the Dutch government.

In 1991 the banking business of NMB Postbank and the insurance business of Nationale-Nederlanden merged to create ING Group.

ING expanded internationally through acquisitions throughout the 1990’s, including Banque Bruxelles Lambert of Belgium, Bank Slaski of Poland, and Seguros Comercial America of Mexico.

After taking a capital injection from the Dutch government after the global financial crisis the company was forced to divest itself of many businesses round the world, including insurance businesses in Latin America, Asia, Canada, Australia, and New Zealand, as well as ING Direct in the U.S., Canada, and the U.K.

Today ING Group is the world’s largest banking/financial services and insurance conglomerate in the world with annual revenue of $150 billion. The company is the 18th largest company in the world by revenue. ING Group serves 85 million clients in 45 countries and has 85,000 worldwide employees.

ING North America Insurance Corporation

ING Group is a Dutch multinational company focused on retail banking, direct banking, investment banking, asset management, and insurance with world headquarters in Amsterdam.

In 1991 the banking business of NMB Postbank and the insurance business of Nationale-Nederlanden merged to create ING Group.

History

ING expanded internationally through acquisitions throughout the 1990’s, including Banque Bruxelles Lambert of Belgium, Bank Slaski of Poland, and Seguros Comercial America of Mexico.

Capital One Corporate Office

The Capital One Financial Corporation was founded in 1988 by Richard Fairbank and Nigel Morris as a spin-off of Signet Banking Corp. named Oakstone Financial Corporation.

The spin-off was renamed Capital One Financial Corporation in 1995, the same year it went public on the NYSE. This new company ranked in the top ten of credit card issuers in the country with 5 million customers.

In 2000 Capital One became a member of the Fortune 500.

Capital One entered the retail banking market through its acquisition of Hibernia National Bank in 2005 and North Fork Bancorporation in 2006.

Capital One acquired Chevy Chase Bank in 2008 for $520 million.

In 2018, Capital One was hit with a 9 figure fine its failure to adhere to a series of anti-money laundering guidelines established in a 2015 order by The Office of the Controller of the Currency.

The Trump administration and family members sued Capital One and Deutsche Bank on April 30, 2019, in an attempt to prevent them from releasing their personal and business financial information to Democratic committee members.

The company was hit by a massive data breach in July 2019 after a Seattle hacker obtained the social security numbers and other information of approximately 130,000 customers.

Today Capital One is a bank holding company specializing in credit cards, home loans, auto loans, banking, and savings products. The company is a member of the S&P 500 and Fortune 500. Capital One has 50,400 employees worldwide and had $21.396 billion in revenue in 2012.

The Capital One Financial Corporation

The Capital One Financial Corporation was founded in 1988 by Richard Fairbank and Nigel Morris as a spin-off of Signet Banking Corp. named Oakstone Financial Corporation.

History

In 2000 Capital One became a member of the Fortune 500.

Capital One entered the retail banking market through its acquisition of Hibernia National Bank in 2005 and North Fork Bancorporation in 2006.

Capital One acquired Chevy Chase Bank in 2008 for $520 million.

In 2018, Capital One was hit with a 9 figure fine its failure to adhere to a series of anti-money laundering guidelines established in a 2015 order by The Office of the Controller of the Currency.

The company was hit by a massive data breach in July 2019 after a Seattle hacker obtained the social security numbers and other information of approximately 130,000 customers.