Bailout Bank Bio: Suntrust Banks Inc

Bailout Bank Bio: Suntrust Banks Inc

Budget & Tax,  | Analysis
Nov 17, 2008  | 1 min read | Print Article

SunTrust Banks Inc. is a bank holding company based in Atlanta, G. The corporation’s largest subsidiary is SunTrust Bank which has 1,700 branches across eleven southern states and the District of Columbia. SunTrust received $3.5 billion as part of the government’s TARP program. In May 2008, the Company completed its acquisition of GB&T Bancshares, Inc.


 
 
►Financial Documents

2008-11-13 Sun Trust 8-K

2008-09-30 Sun Trust 10-Q

2008 Sun Trust Proxy

2007 Sun Trust 10-K

2007 Sun Trust Annual Report

►Federal contracts

USAspending.gov (last accessed 03/30/2009)

►Lobbying reports (if any)

Third Quarter 2008
 
No Lobbying records found

►Political Contributions

Center for Responsive Politics  (Last Accessed 11/17/08).

►Related Articles

November 14, 2008 As Treasury buys, SunTrust exec sells shares Atlanta Business Chronicle

November 12, 2008 SunTrust declares dividend Knoxville News Sentinel

November 7, 2008 Bailout ‘not free money’ Atlanta Journal Constitution

October 27, 2008 SunTrust says it will receive $3.5B in bailout funds Naples Daily News
 

Bailout Bank Bio: Suntrust Banks Inc

 

Federal Equity Investment

$3.5 billion

Total Revenue

$13.8 billion (2007)
$13.0 billion (2008)

Net Income

$1.6 billion (2007)
$795.8 million (2008)

Number of Employees

29,447

Corporate Headquarters

Atlanta Georgia

Business Sector

Financial

Officers and Directors

James M. Wells III, Chairman of the Board, President, Chief Executive Officer

Corporate Website

www.suntrust.com

Executive Compensation

Suntrust Banks Inc

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last Updated November 17, 2008