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The $17 billion-asset company said late Thursday that Patrick Barrett will succeed Charles Nugent, who is retiring at the end of this year.
October 24 -
SunTrust still wants to lower its efficiency ratio to 60%, but a mortgage slowdown and legal costs tied to alleged lending violations is making that goal harder to achieve.
October 18
The corporate and investment banking arm of SunTrust Banks (STI) is expanding into three regions with offices in Dallas, San Francisco and Chicago.
The opening of the offices will allow SunTrust Robinson Humphrey to increase its offerings to business and corporate clients in the Southwestern, Western and Midwestern U.S., according to a Monday press release. Each regional team will cover nearby states.
SunTrust Robinson Humphrey also has asset-based lending and equipment finance leasing teams in Texas and Chicago and a capital markets and wealth management team in California.
Expanding our physical presence builds on the strong [SunTrust Robinson Humphrey] foundation to meet growing market needs by bringing our industry-specific expertise, client-first focus, and breadth of financial solutions to help businesses achieve their goals, Mark Chancy, a wholesale banking executive at SunTrust who previously served as the banks chief financial officer, said in the release.
SunTrust has $170 billion of assets and is based in Atlanta.
