It reorganized as a holding company, United Virginia Bankshares, in 1971, which changed its name to Crestar Financial Corporation in 1987.

[6] In 1995, the bank acquired Loyola Federal Savings and Loan of Maryland for $251 million in stock.

[9] In Jan 20 1995, Jefferson Savings & Loan, headquartered in Warrenton, VA, was acquired by Crestar Financial Corp,[10] In 1996, the bank acquired Citizens Bank of Maryland.

[11][12] As a result of this merger Crestal laid off as many as 600 middle managers and secretaries and close as many as 26 of Citizens' 103 Washington area branches.

[17] In December 2019, SunTrust merged with BB&T, forming Truist Financial.