SunTrust Banks Inc. · Atlanta, GA United States ·(NYSE: STI)
Company Description
Phone: 404-588-7711
Fax: 404-332-3875
Toll Free: 800-786-8787
Rankings
- #299 in FT Global 500
- #211 in FORTUNE 500
- S&P 500
View SunTrust Banks Inc. Locations On A US Map
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This link will open in a new window Coca-Cola, fast cars, and SunTrust Banks -- this Sun Belt financial holding company is southern to its core. Its eponymous flagship subsidiary SunTrust Bank operates more than 1,690 bank branches across an arc of about a dozen southeastern states, including Alabama, the Carolinas, Florida, Georgia, Maryland, Tennessee, and Virginia, plus Washington, DC. The bank's offerings include retail and commercial banking, as well as trust services, credit cards, mortgage banking, mutual funds, insurance, lease financing, asset management, and securities underwriting and dealing. SunTrust bought Atlanta-area bank holding company GB&T Bancshares in 2008. To read the full description, subscribe now.
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Key SunTrust Banks Inc. Financials
| Company Type | Public - NYSE: STI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $9,093.1 |
| 2008 Employees | 29,333 |
SunTrust Banks Inc. Executives
85 executives listed for SunTrust Banks Inc.'s Atlanta, GA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | James Wells | Network |
| Corporate EVP and CFO | Mark Chancy | Network |
| Corporate EVP and CIO | Timothy Sullivan | Network |
Competition
Competitive Landscape for SunTrust Banks Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top SunTrust Banks Inc. Competitors
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