SunTrust Bank is the chief subsidiary of SunTrust Banks Inc., which is one of the top financial services holding enterprises of the US. Headquartered in Atlanta, the bank operates at top positions in some of the rewarding markets across the country.
SunTrust Bank History:
The bank was founded in the year 1891 in Atlanta, Georgia in United States of America. Since then the bank has been operating by rendering financial services to the consumers, commercials, and corporates.
Objectives of SunTrust Bank:
The bank aims to assist its institutional and individual clients through financial programs and services that can lead them to improve the quality of their lives or make their operations more efficient. Community improvement and helping their employees are also important parts of the bank�s agenda.
The Board of Directors of SunTrust Bank is helmed by William H Rogers Jr., who serves as CEO and President, and James M Wells III who operates as the Executive Chairman. Being one among the leading banking services provider in United States, the SunTrust Bank operates through 2889 ATMs and 1658 retail branches in the states like Florida, Tennessee, Georgia, Virginia, Maryland, West Virginia, North Carolina, District of Columbia, South Carolina.
SunTrust Bank – Products and Services:
The bank provides its clients with several banking channels such as customer service centers that are equipped with the latest and best technologies. In addition, the clients can also use mobile services and internet to avail the bank�s services.
The products and services of SunTrust are available in four major domains:
- Personal Banking
- Wealth Management
- Small Business Banking
- Commercial, Corporate and Institutional Banking
The products and services provided in these segments can be enumerated as below:
- Personal Banking:
- Tools and Planning
- Small Business Banking:
- Business Banking
- Business Resources
- Cash Flow Management
- Loans andFINANCING
- Additional Business Services
- Wealth Management:
- Wealth Planning Solutions
- Wealth Management Products and Solutions
- Specialty Group Solutions
- Wealth Resource Center
- Commercial, Corporate and Institutional Banking:
- Solutions and Capabilities
- Industry Specialty Practices
- SunTrust Robinson Humphrey
- Insights and Best Practices
SunTrust Bank Financial Performance:
As per the annual report for the fiscal year 2010:
- Net Revenue = $8,699 million
- Profit = $189 million
- Total assets = $172,874 million
At the end of 2010 fiscal, the total revenue of SunTrust stood at 8699 million dollars while the same figure for 2009 was calculated at $8299 million. The total assets of the bank for that period were valued at $172,874 million while for 2009 it was 175,164 million dollars.
The dividends declared per common share stood at 0.04 dollars compared to the 2009 figure of 0.22 dollars. In 2010 the bank held deposits worth 123,044 million dollars as opposed to $121,863 million for the 2009 fiscal. In the same period total shareholders� equity also went up from 22,286 million to 22,834 million.
The bank also performed pretty creditably in the 3rd quarter of 2011 with a net income of 215 million dollars compared to the 178 million of the 2nd quarter. Its net interest income in the same period also went up from 174 million dollars to 211 million dollars.
In the 3rd quarter of 2011 SunTrust earned 2,196 million dollars from revenues, which was marginally lesser than the earnings for 2nd quarter � $2,198 million. Its assets at the end of that period were worth $172,076 million dollars. The same figure at the end of the 3rd quarter of 2010 fiscal stood at $171,999 million.
SunTrust Bank Contact Details:
The contact details of Suntrust Bank are as follows:
25 Park Place NE
Last Updated on : 30th July 2013