SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$172.7 billion in assets as of September 30, 2009. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain. SunTrust operates approximately 1,700 bank branches across Southern states, including Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and Washington, D.C. The bank's offerings include retail and commercial banking, as well as trust services,... mortgage banking, credit cards, mutual funds, insurance, equipment leasing, asset management, and securities underwriting and dealing. On December 12, 2006, it was announced that SunTrust signed an agreement with InfiCorp Holdings of Atlanta to manage SunTrust's consumer credit card portfolio. The portfolio had been managed under an agreement with MBNA Corporation since 1999, but MBNA was acquired by SunTrust's competitor Bank of America on June 30, 2005. SunTrust will retain the option to purchase card assets from InfiCorp if it desires to add to its own loan portfolio.
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| NYSE symbol: | STI |
| Founded: | 1811 |
| Headquarters: | United States of America |
| Annual revenue: | $13,260,400,000 |
| Net income: | $795,770,000 |
| Industries: | National Commercial Banks |