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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. [2] The bank's most direct corporate parent was established in 1891 in Atlanta , where it was headquartered.
200 South Orange, formerly known as the SunTrust Center and Sun Bank Center, is a skyscraper located in the Central Business District of Orlando, Florida. Rising to 441 ft (134.4 m), it is the tallest multi-story building in Orlando and Central Florida outside of Tampa and St. Petersburg. Completed in 1988, it has 35 stories and 30 floors of ...
In March 2011, Bank of America acquired the $206 million property with a credit bid of $100 million at a sheriff's foreclosure sale. Then in February 2012, CIM Group was expected to close on a negotiated purchase of the entire 305,000-square-foot shopping center from Bank of America Corp. [ 47 ] CIM did not actually close on the purchase until ...
In Spring 2011 there were about a million homes in foreclosure in the United States, several million more in the pipeline, and 872,000 previously foreclosed homes in the hands of banks. [349] Sales were slow; economists estimated that it would take three years to clear the backlogged inventory.
The company's North Carolina banking operations began moving to Winston-Salem, though Orr and the corporate headquarters stayed in Lumberton. One reason for the move was the 20-story, 239,000-square-foot (22,200 m 2) One Triad Park, which had 74,000 square feet (6,900 m 2) of space Southern
A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in
Two auctions were conducted for foreclosed Westgate City Center properties. One auction, on September 19, 2011, was for properties securing a $97.5 million loan from iStar Financial. The auction failed to sell at a reserve price of $40 million, and the 33 acres (13 ha) property became the property of iStar. [ 112 ]
The report presented data from the city of Baltimore, where more than half the properties subject to foreclosure on a Wells Fargo loan from 2005 to 2008 now stand vacant, and 71 percent of those are in predominantly black neighborhoods. [110]
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