The team was founded in 2004 as the Riley Technologies factory team, with title sponsorship from bank holding company SunTrust. The lineup of Wayne Taylor and Max Angelelli finished second in the Daytona Prototype teams championship in 2004 and won the Daytona Prototype team and driver championships in 2005.
For the 2007 season, Riley and Wayne Taylor split ways and Wayne Taylor Racing began to run the #10 SunTrust Racing entry. Wayne Taylor retired as a driver for the 2008 season and signed Michael Valiante as second driver; also the team switched to a Dallara chassis. In 2009, Ford engines were adopted and Brian Frisselle became the second driver.
For the 2010 season, Angelelli was joined by Ricky Taylor, son of Wayne Taylor. They collected a win and seven podiums, finishing runners-up. In 2011, SunTrust Racing switched to Chevrolet engines; they won three races and got eight podiums, resulting runners-up. After adopting the Corvette DP3 chassis, the duo got three wins in 2012 and resulted 6th in the drivers standings.
In 2013, Wayne Taylor Racing lost the SunTrust sponsorship. Ricky Taylor left the team, and was replaced by Jordan Taylor, also son of Wayne Taylor. Angelelli and Jordan Taylor would go on to win the final Daytona Prototype championship before the merger of Grand-Am and the American Le Mans Series in 2014, winning five races, including the final three.
For 2014, the first year of the United SportsCar Championship, Angelelli will enter into a semi-retirement, racing with the team for the endurance events. Ricky Taylor rejoins the team to drive full-time alongside brother Jordan.
Sixteen years after winning the inaugural Petit Le Mans powered by Mazda, Wayne Taylor brought his boys and a long-time friend to victory lane in the 10-hour TUDOR United SportsCar Championship season finale at Road Atlanta.
Ricky and Jordan Taylor co-drove the No. 10 Wayne Taylor Racing Konica MinoltaChevrolet Corvette DP with Max Angelelli to victory, holding off the No. 5 Action Express Racing Corvette DP by 11.062 seconds. They completed 400 laps – 1,016 miles – as the brothers became the first American-born drivers to win the event overall.
Suntrust Pontiac-Riley Daytona Prototype campaigned in 2005.