SunTrust Banks (STI) Enters Agreement to Acquire Pillar Financial
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SunTrust Bank to Acquire Assets of Pillar Financial, LLC.
October 20, 2016 8:30 AM EDTATLANTA, Oct. 20, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today it has signed a definitive agreement to acquire substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC. The assets include Pillar's multi-family lending business, which is comprised of multi-family affordable housing, healthcare properties, senior housing, and manufactured housing specialty teams. The assets also include Chicago-based Cohen Financial's commercial real estate investor services business, offering loan administration and advisory services, as well as their mortgage banking business. Pillar is one of a select group of independent... More
