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Home > Fortune 500 Companies > Suntrust Banks
Suntrust Banks
Suntrust Banks was established in 1891 and is headquartered in Atlanta, Georgia. It offers its products and services in Georgia, Florida, North Carolina, Maryland, South Carolina, Virginia, Tennessee, and the District of Columbia. As of December 31, 2005, the company operated 1,657 branches and 2,782 automated teller machines. Suntrust Banks is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under STI.
SunTrust Banks, Inc. operates as a financial holding company. It provides a variety of financial services to consumer and corporate customers in the United States. The company operates through five segments of Commercial, Retail, Wealth and Investment Management, Corporate and Investment Banking, and Mortgage. The Retail segment offers loans, deposits, and other fee-based services to consumer and business clients. The Commercial segment provides financial products and services, including commercial lending, financial risk management, treasury management, and corporate bankcards.
It also offers insurance premium financing, as well as manages community development projects that generate tax credits. The segment’s customers comprise commercial, commercial real estate, middle market, and government/not-for-profit entities. The Corporate and Investment Banking segment involves in corporate banking, investment banking, capital market, commercial leasing, and merchant banking businesses. The Wealth and Investment Management segment provides wealth management products and professional services to both individual and institutional clients.
The Mortgage segment offers residential mortgage products through its broker, retail, and correspondent channels. SunTrust Banks also offers investment securities portfolio, long-term debt, derivative instruments, capital, short-term liquidity and funding activities, and balance sheet risk management services. In addition, the company also provides personal computer, Internet, and telephone banking services.
SunTrust Banks Inc a large-cap growth company in the finance sector is estimated to considerably break the market over the next six months with very low risk. SunTrust Banks Inc is one of the nation's largest commercial banking organizations serving a broad range of consumer, corporate, commercial, and institutional clients. As of December 31, 2005, SunTrust had total assets of 179.7 billion dollars and total deposits of 122.0 billion dollars.
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