SunTrust Bank is affiliated with its parent company SunTrust Banks, Inc. SunTrust Banks, Inc. was the result of a merger between the Trust Company of Georgia and SunBanks, Inc. of Florida in 1985. Branches of the bank adopted the name of the parent entity in 1995.
Currently, SunTrust Bank operates over 1,700 bank branches across Southern states, including Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington, DC
FDIC Certificate #
867
Bank Charter Class
Commercial Bank
Asset Concentration
Commercial Lending Specialization
Product Specialty
Retail and commercial banking, as well as trust services, mortgage banking, credit cards, mutual funds, insurance, equipment leasing, asset management, and securities underwriting and dealing.
Key Information & News
Number of Branches: 1,775 offices in the U.S.
Number of Employees: 26,994 employees.
Executives
CEO
James M. Wells III
CFO
Mark A. Chancy
COO
David F. Dierker
2008 News
Received $3,500 million in TARP money on Nov. 14, 2008.
Received an additional $1,350 million in TARP money on Dec. 31, 2008.
2009 News
2009 is not going to be an easier year than 2008 for SunTrust. When discussing the future prospects for the bank during the annual meeting, Wells said “we know economic recovery is out there,” but he added that the bank did not know when this cycle would end. So he is fully expecting that “2009 will be another difficult year.”
