SunTrust CIO Cheriyan Retires, Case to Succeed

Anil Cheriyan will retire as chief information officer of SunTrust Banks, effective March 31, 2018. Scott Case has been named his successor.

SunTrust Names Fitzsimmons General Counsel

SunTrust Banks named Ellen M. Fitzsimmons general counsel and corporate executive vice president. She succeeds Raymond D. Fortin, who is retiring after a 40-year career.

SunTrust Expands MW, SE Presence; Names New Market Presidents

SunTrust Bank is opening Commercial Banking representative offices in the Midwest and Southwest regions. Jim Geuther, Ben Willingham and Julia Harman were named market presidents.

SunTrust Q1 Earnings Higher Despite Higher Energy-Related Reserves

SunTrust reported Q1/16 earnings of $430 million were up from $411 million a year earlier. The bank noted a higher provision for losses
due to loan growth and higher energy-related reserves.

NCMM Names SunTrust New Primary Sponsor

The National Center for the Middle Market has named SunTrust Banks its new primary sponsor. The multi-year agreement with Suntrust will enable the NCMM to continue providing insights and analyses that drive growth, jobs and competitiveness in the middle market.

SunTrust Names Corporate Treasurer

SunTrust Banks appointed Kevin Blair as corporate treasurer, effective July 1.

SunTrust, Apollo, Ares Weighing Offers for GE Lending Unit

SunTrust Banks, Apollo Global Management and Ares Management reportedly are weighing offers for a General Electric unit in the U.S. that lends to private-equity firms, people familiar with the matter said.

SunTrust: Business Leaders Ready for Growth

Eighty-four percent of business owners and company decision makers are seeking growth opportunities, according to the annual Business Pulse Survey sponsored by SunTrust Banks.

SunTrust Provides Genius Brands Revolver

Genius Brands International announced that it has secured a $2 million revolving line of credit with SunTrust Banks.

SunTrust Q2 Results Show Asset Quality Improvement

SunTrust Banks reported Q2/13 net income was $365 million, up 35% or $95 million higher than Q2/12. The bank noted its provision charge of $146 million, was $154 million lower compared to the same quarter in 2012.