SunTrust Banks Inc (NYSE:STI)

38.73
Real-Time Quote
 -0.35 / -0.90%
Today’s Change
31.59
Today|||52-Week Range
41.26
+5.22%
Year-to-Date
SECTOR
Finance
INDUSTRY
Regional Banks
MARKET CAP
$20.8B

Company Description

SunTrust Banks, Inc. operates as a financial services holding company. The company through its subsidiary, SunTrust Bank offers a full line of financial services for consumers and businesses including deposit, credit, and trust and investment services. It also provides mortgage banking, asset management, securities brokerage and capital market services through its other subsidiaries. The company operates through three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment consists of two primary businesses: Consumer Banking and Private Wealth Management. The Consumer Banking business provides consumer deposits, home equity lines, consumer lines, indirect auto, student lending, bank card, and other consumer loan and fee-based products. The Private Wealth Management business provides a full array of wealth management products and professional services to both individual and institutional clients, including brokerage, professional investment management, and trust services to clients seeking active management of their financial resources. Its business includes Private Banking, which offers full array of loan and deposit products to clients; STIS, which offers discount/online and full service brokerage services to individual clients; IIS includes employee benefit solutions, foundations & endowments specialty group, and Escrow services; and GenSpring provides family office solutions to ultra high net worth individuals and their families. The Wholesale Banking segment includes five businesses: CIB, Commercial & Business Banking, Commercial Real Estate, RidgeWort and Treasury & Payment Solutions. The CIB business offers CIB offers a wide array of traditional banking products, including lending and treasury management services, and investment banking services. The Commercial & Business Banking offers a traditional banking products and investment banking services for the company's small business clients, commercial clients, dealer services and not-for-profit and government entities. The Commercial Real Estate business provides financial solutions for commercial real estate developers and investors, equity investment solutions, Equipment lease financing solutions and corporate insurance premium financing. The RidgeWorth business operates as a holding company with ownership in other institutional asset management boutiques offering a wide array of equity and fixed income capabilities. The Treasury & Payment Solutions business provides all the company's business clients with services required to manage their payments and receipts. The Mortgage Banking segment offers residential mortgage products nationally through its retail, broker, and correspondent channels. The company also operates Corporate Other segment, which includes management of the company's investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust Banks was founded on July 1, 1985 and is headquartered in Atlanta, GA.

Contact Information

SunTrust Banks, Inc.
303 Peachtree Street Northeast
Atlanta Georgia 30308-3201
P:(404) 588-7711
Investor Relations:

Employees

Shareholders

Mutual fund holders48.32%
Other institutional33.28%
Individual stakeholders0.96%

Top Executives

William H. RogersChairman, President & Chief Executive Officer
Aleem GillaniChief Financial Officer & Executive Vice President
Anil T. CheriyanChief Information Officer & Executive VP
Raymond D. FortinSecretary, Executive VP & General Counsel
Mark A. ChancyExecutive Vice President

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