SunTrust

Overview: SunTrust Banks, Inc. is a leading regional bank headquartered in Atlanta that has retail branches in 11 southeastern states plus the District of Columbia. Its oldest predecessor bank was founded in 1811. SunTrust’s major lines of business include:

  • Retail and commercial banking
  • Trust services
  • Investment management
  • Brokerage services
  • Equipment leasing

Job Openings: See this list of current job openings.

Size: SunTrust reports these figures as of September 30, 2008:

  • Assets = $174.8 billion
  • Branches = 1,692
  • ATMs = 2,506
  • Employees = 29,447

Positives: Though down by 30% from the same period in 2007, SunTrust’s earnings through the first nine months of 2008 remain highly positive. SunTrust’s debt is rated A or better by the major rating agencies.

Negatives: SunTrust has been reducing staff, eliminating about 3,500 full time equivalent positions between 9/30/07 and 9/30/08, a cut of nearly 11%.

Perpetrators of Internet phishing scams frequently target SunTrust, which may damage the image of the bank itself. On the positive side, SunTrust counters with a commendably detailed tutorial on Internet security and Internet fraud on its website.

Leave a Comment

Your email address will not be published.