Suntrust Home Developers, Inc. (SUN) was incorporated on January 18, 1956 under the name Ramie Textiles, Inc., and was originally authorized to engage in the manufacturing and sale of all types of ramie products. In 2000, the company changed its name to Fairmont Holdings, Inc. In 2002, it changed its name again to the present name of Suntrust Home Developers, Inc. The said change came hand in hand with a corresponding shift in SUN's primary purpose from a holding company to a real estate company authorized to engage in real estate development, mass community housing, townhouses and rowhouses development, residential subdivision and other massive horizontal land development. Furthermore, a new secondary purpose was also approved authorizing SUN to acquire interests in tourism and leisure-related enterprises, projects or ventures. SUN currently does not have any business operations and is not offering any product or service. Although the company has expressed preference for mass housing development and is continuing to study a proposal to raise funds for its initial business ventures, it is also in the process of assessing its prospects in other fields. SUN's associate, Suntrust Properties, Inc. (SPI), formerly Empire East Properties, Inc., is engaged in the real estate business. Its principal products include house-and-lot packages and condominium units. Source: SEC Form 17-A (2008)