Lighting the Way to Financial Well-Being
“Lighting the way to financial well-being” is the purpose of SunTrust Bank. It represents the commitment of each of the bank’s 210 Chattanooga area employees to help instill confidence in the finances of customers who put their trust in SunTrust Bank.
It remains the cornerstone of everything SunTrust does. As one of the nation’s largest and strongest financial services companies, SunTrust offers a full suite of products and services designed to meet the needs of our consumer, business, corporate and institutional clients.
That commitment began in 1884 when Harry S. Probasco, a descendant of Dutch immigrants, moved to Chattanooga from a little river town in Ohio following heavy flooding in that area. He learned there were six banks operating in Chattanooga, but none handled trusts. Wanting to create a solid business which could stand the test of time and natural disaster, he founded Wiehl, Probasco & Co., hoping that business owners in Chattanooga would entrust their wealth to him. Over time, they did just that.
Weathering the country’s economic roller coaster and several panics over the years, Probosco founded the Bank of Chattanooga in 1900, which became the American National Bank five years later. Joined by his son, Scott L. Probasco, Sr., and, later, his grandson, Scott L. Probasco, Jr., in the venture, the bank has now evolved into SunTrust Bank, a financial institution that is proud to be delivering “big bank” products and services at the local level.
“Chattanooga is vibrant city with a diverse economy that has recorded tremendous growth in manufacturing and service industries,” states Scott Probasco, Jr. “The banking and trust business is such an integral part of a community, and you inevitably become involved in things that are about making your city a better place to live. I was swept along in a real love for my community, and I think that’s inherited from both my grandfather and my father.”
A Matter of Trust
Chattanooga is widely known as a center of trust and estate administration firms. While both services are fundamental to the management and preservation of wealth, each also requires a specific expertise as well as a thorough understanding of clients’ personal goals and priorities. SunTrust advisors specialize in working closely with their clients to understand their and their family’s long and short-term goals and objectives and collaborate with clients’ legal and tax advisors to develop a custom-tailored strategic trust and estate plan.
SunTrust professionals are ready to assist clients with a wide range of trust and estate solutions, including:
- Trust administration, including personal both lifetime and testamentary, charitable and special needs trusts.
- Estate settlement
- Insurance strategies tailored to individual circumstances
- Investment management
- Philanthropic trustee services
- Real estate and privately held investments
- Individual retirement accounts
- Asset protection trusts
SunTrust today remains committed to building on the rich legacy of its founders and to inspiring team members to offer the finest personalized and professional service to clients in helping them achieve financial well-being.
SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, “SunTrust”) are not permitted to give legal or tax advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction.
SunTrust Bank and its affiliates do not accept fiduciary responsibility for all banking and investment account types offered. Please consult with your SunTrust representative to determine whether SunTrust and its affiliates have agreed to accept fiduciary responsibility for your account(s) and you have completed the documentation necessary to establish a fiduciary relationship with SunTrust Bank or an affiliate. Additional information regarding account types and important disclosures may be found at www.suntrust.com/investmentinfo.
• Are not FDIC or any other Government Agency Insured
• Are not Bank Guaranteed
• May Lose Value
SunTrust Private Wealth Management is a marketing name used by SunTrust Bank, SunTrust Banks Trust Company (Cayman) Limited, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc., which are each affiliates of SunTrust Banks, Inc. Banking and trust products and services, including investment management products and services, are provided by SunTrust Bank and SunTrust Delaware Trust Company. Securities and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered investment adviser.
©2017 SunTrust Banks, Inc. SunTrust is a federally registered service mark of SunTrust Banks, Inc