|Exchange:||New York Stock Exchange|
|Stock:||SunTrust Banks Inc|
|Industry:||Banks - Regional - US|
|SunTrust Banks, Inc., was incorporated in 1984 under the laws of the State of Georgia. The Company is financial services holding whose businesses provide a broad range of financial services to consumer and corporate clients. Through its principal subsidiary, SunTrust Bank, the Company provides deposit, credit, and trust and investment services. Additional subsidiaries provide mortgage banking, asset management, securities brokerage, capital market services, and credit-related insurance. SunTrust operates mainly within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia and enjoys strong market positions in these markets. Within its geographic footprint, the Company operates under six business segments during the last three quarters of 2010. These business segments are: Retail Banking, Diversified Commercial Banking, CRE, CIB, Mortgage, and W&IM. In addition to traditional deposit, credit, and trust and investment services offered by SunTrust Bank, other SunTrust subsidiaries provide mortgage banking, credit-related insurance, asset management, securities brokerage, and capital markets services. The Company faces competition from domestic and foreign lending institutions and numerous other providers of financial services. As a bank holding company and a financial holding company, the Company is subject to the regulation and supervision of the Federal Reserve.|
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