Full Description

SunTrust Banks, Inc., incorporated in 1984, is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients. The Company operates in four business segments: retail and commercial, wholesale banking, mortgage, and wealth and investment management. On May 1, 2008, the Company completed the acquisition of GB&T Bancshares, Inc. (GB&T). On May 30, 2008, the Company sold its interests in First Mercantile Trust Company (First Mercantile), a retirement plan services subsidiary. On September 2, 2008, the Company sold its fuel card business, TransPlatinum to Fleet One Holdings LLC. Through its 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.

Retail and Commercial

Retail and commercial segment serves consumers, businesses with up to approximately $100 million in annual revenue, government/not-for-profit enterprises, and provides services for the clients of the other businesses. Financial products and services offered to consumers include loans, deposits, and other fee-based services through a network of traditional and in-store branches, automated teller machines (ATMs), the Internet (www.suntrust.com) and the telephone. Financial products and services offered to business clients include commercial lending, financial risk management, insurance premium financing, and treasury and payment solutions including commercial card services. In addition to serving the retail market, retail and commercial serves as an entry point for other lines of business.

Wholesale

Wholesale’s businesses include Middle Market which serves commercial clients with approximately $100 million to $750 million in annual revenue; corporate banking, which serves clients with greater than $750 million in annual revenue; commercial real estate, which serves commercial and residential developers and investors, and STRH. Corporate Banking is focused on selected industry sectors: consumer and retail, financial services and technology, energy, healthcare, and diversified while Middle Market is more geographically focused. Through STRH, wholesale offers a range of capital markets services to its clients, including strategic advice, capital raising, and financial risk management. These capital markets services are also provided to Commercial and Wealth and Investment Management clients.

Wealth and Investment Management

Wealth and Investment Management provides a full array of wealth management products and professional services to both individual and institutional clients. Wealth and Investment Management’s businesses include private wealth management (PWM) (brokerage and individual wealth management), GenSpring Family Offices (GenSpring), Institutional Investment Solutions (IIS) and RidgeWorth.

The PWM group offers professional investment management and trust services to clients seeking active management of their financial resources. In addition, the Private Banking group is included in PWM, which enables the group to offer a range of loan and deposit products to clients. PWM also includes SunTrust Investment Services, which operates across the footprint and offers discount/online and full service brokerage services to individual clients. In addition, GenSpring provides family office solutions to high net worth individuals and their families. Utilizing teams of multi-disciplinary specialists with expertise in investments, tax, accounting, estate planning and other wealth management disciplines, GenSpring helps families manage and sustain their wealth across multiple generations.

Institutional Investment Solutions is comprised of Employee Benefit Solutions, Foundations and Endowments Specialty Group, Institutional Asset Services (IAS), as well as SunTrust Institutional Asset Advisors (STIAA). Employee Benefit Solutions provides administration and custody services for defined benefit and defined contribution plans, as well as administration services for non-qualified plans. The Foundations and Endowments Specialty Group provides bundled administrative and investment solutions (including planned giving, charitable trustee, and foundation grant administration services) for non-profit organizations. IAS provides custody, master custody, and various administrative services for both non-profit and for-profit organizations including colleges and universities, hospitals, foundations, endowments, insurance companies and government entities. Corporate Agency Services, a specialized group within IAS, targets corporations, governmental entities and attorneys requiring escrow services. STIAA provides portfolio construction and manager due diligence services to other units within IIS to facilitate the delivery of investment management services to their clients.

RidgeWorth, which serves as investment manager for the RidgeWorth Funds and individual clients, is an investment advisor. RidgeWorth is also a holding company with ownership in other institutional asset management boutiques offering a range of equity, alternative, fixed income, and liquidity management capabilities. These boutiques include Alpha Equity Management, Ceredex Value Advisors, Certium Asset Management, IronOak Advisors, Seix Investment Advisors, Silvant Capital Management, StableRiver Capital Management, and Zevenbergen Capital Investments.

Corporate Other and Treasury

Corporate Other and Treasury includes the investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. The components include enterprise information services, which is the primary data processing and operations group; the corporate real estate group, which manages the facilities; marketing, which handles advertising, product management, customer information functions, and Internet banking; SunTrust Online, which handles customer phone inquiries and phone sales and manages the Internet banking functions; human resources, which includes the recruiting, training and employee benefit administration functions; Finance, which includes accounting, planning, tax, and treasury. Other functions included in Corporate Other and Treasury are corporate risk management, legal and compliance, branch operations, corporate strategies, procurement, and the executive management group. The Corporate Other and Treasury also includes trustee management, which provides treasury management and deposit services to bankruptcy trustees.