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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.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. [7] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.
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 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. [350] Sales were slow; economists estimated that it would take three years to clear the backlogged inventory.
Pressure compounded on banks due to follow-on real estate effects and an 1980s farm crisisagricultural recession in Great Plains states. [59] The elimination of favorable tax treatment for real estate construction in the Tax Reform Act of 1986 also contributed to a slowdown in constructing lending and lowered real estate values.
In 2021, the mall was sold at a foreclosure auction for $100.7 million to an entity associated with the investment firm Morgan Stanley, one month after Simon Property Group defaulted its loan. The sale did not include store space owned by Dillard’s, JCPenney, Sears or Macy’s. [4]
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