STI meaning in Business ?

Answer:

What is SunTrust Banks, Inc. mean?

SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.

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 businesses included deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provided corporate and investment banking, capital market services, mortgage banking, and wealth management — with nearly 24,000 employees. In 2013, it was ordered to pay $1.5 billion "to resolve claims of shoddy mortgage lending, servicing and foreclosure practices," and it reached a preliminary $968 Million settlement with the US government in 2014.

In February 2019, SunTrust Banks announced its pending purchase by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender, being the biggest bank deal since the 2007-2008 financial crisis. On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation. The two banks continue to operate separately, while merging their operating systems.

reference

Full Form	Category
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Storm Tracking Information Overlay	Academic & Science
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Sport Turbo Injection	Business
Stratex	Business
Stirling Products Ltd	Business
Superconductor Technologies Inc	Business
Specified Technologies, Inc.	Business
Scientific Technologies Inc	Business
Short Term Investments	Business
Strategic Transportation Investments	Business
SunTrust Banks, Inc.	Business
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Science Technology Ingenuity	Business
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Subaru Technica International	Business
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Science Team Information	Community
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Simple Technology Incorporated	Computing
Standard Text Interface	Computing
Single Target Instruction	Computing
Solutions Technology Integrator	Computing
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Self Timed Interconnect	Computing
Single Tuned Interstage	Computing
Standard Tape Interface	Computing
Standard Transcoding Interface	Computing
Still Image Architecture	Computing
Symbol Table Information	Computing
Science Technology and Innovation	Computing
Science and Technology Integration	Computing
Science Technology and Ingenuity	Computing
Single Table Inheritance	Database Management
Shallow Trench Isolation	Electronics
Self Test Input	General
Standard Triumph International	General
Systemes de Transport Intelligents	General
Super Touring Injection	General
State Traffic Inspectorate	General
Special Trim Injection	General
Sexually transmitted infections	General
Scientific and Technical Information	General
Sexually Transmissible Infections	General
Sexual Tension Infusion	General
Self Timed Interface	General
Subaru Tecnica International	General
Symptom Targeted Intervention	General
Smoky Turbo Inevitable	General
Sick Turbocharged Insanity	General
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Special Tenant Improvement	General
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Sales Tax Invoice	Governmental
Sustainable Transport Initiative	Governmental
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Stop Touching It	Governmental
Surrey Thugs Incorporated	Governmental
Story Testimony Invitation	Governmental
Specialized Transportation Inc	Governmental
Steel Tank Institute	Governmental
Safety Technology International	International
Sierra Tel Internet	Internet
Sexually Transmitted Incident	Medical
Sexually Transmitted Infection	Medical
Structured Treatment Interruption	Medical
Science and Technology Information	Medical
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soft-tissue infection(s)	Medical
Soft tissue injury	Medical
Signal Transduction Inhibitor	Medical
Structured Treatment Interruptions	Medical
Systolic Time Interval	Medical
Severe Thumb Injury	Medical
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Slower Than I	Messaging
Short-term Incentive	Messaging
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Segmenting Track Identifier	Softwares
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