SunTrust Banks (Bailout Company)

SunTrust Banks

http://en.wikipedia.org/wiki/SunTrust_Banks

History

The earliest predecessor institution, Farmers Bank of Alexandria, Virginia, was founded in 1811.[1] The most direct corporate ancestor, the Trust Company of Georgia, was founded in 1891 as the Commercial Travelers' Savings Bank. Two years later, it restructured as a trust company and renamed itself Trust Company of Georgia.[7] The current SunTrust Banks, Inc., was the result of a merger between the Trust Company of Georgia and SunBanks, Inc., of Orlando, Florida (founded in 1934 as First National Bank of Orlando) in 1985. The merged company operated as Trust Company Bank in Georgia and Sun Bank in Florida until 1995, when all banks took the SunTrust name.[1]

In 2007, the bank was one of the first major U.S. institutions to experience a stock value decline, bottoming out at $9.06/share in February 2009 from a high of $90.61/share on May 22, 2007.[8] They took part in the federal government's Troubled Asset Relief Program[9] and ultimately were investigated for executive compensation.[10] In 2012, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit that SunTrust Banks, Inc., violated federal law when a branch manager sexually harassed three female employees at its Sarasota, Fla., Gulf Gate Branch Office location.

SunTrust Banks (Bailout Company)

Karen Hastie Williams was a director at SunTrust Banks, Inc. (Bailout Company), and is a director at the NAACP Legal Defense & Educational Fund.

Note: Foundation to Promote Open Society was a funder for the NAACP Legal Defense & Educational Fund, the Committee for Economic Development, and the Center for American Progress.

George Soros is the chairman for the Foundation to Promote Open Society, and was a supporter for the Center for American Progress.

Donna S. Morea is a director at the SunTrust Banks, Inc. (Bailout Company), was a trustee at the Committee for Economic Development, and the EVP for the CGI Group Inc.

CGI Group Inc. was the Obamacare contractor that developed Healthcare.gov web site.

Obamacare is Barack Obama’s signature policy initiative.

Melody C. Barnes is Barack Obama’s golf partner, was the EVP for the Center for American Progress, the domestic policy council, director for the Barack Obama administration, the communications and legislative affairs director for the U.S. Equal Employment Opportunity Commission, and a principal for the Raben Group.

Raben Group is the lobby firm for the NAACP Legal Defense & Educational Fund.

Karen Hastie Williams is a director at the NAACP Legal Defense & Educational Fund, and was a director at SunTrust Banks, Inc. (Bailout Company).