Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  SunTrust Banks, Inc.    STI

News SummaryMost relevantAll newsSector newsTweets 

SunTrust Banks, Inc. : SunTrust Announces Blake P. Garrett, Jr. and G. Gilmer Minor, III to Retire from Board of Directors, Frank P. Scruggs, Jr. Nominated for Election

share with twitter share with LinkedIn share with facebook
share via e-mail
04/15/2013 | 05:05pm CET

ATLANTA, April 15, 2013 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has announced that Blake P. Garrett, Jr., and G. Gilmer Minor, III will retire from the company's board of directors this year. In addition, the company announced that Frank P. Scruggs, Jr. has been nominated for election at the Annual Meeting of Shareholders in April.

Mr. Garrett and Mr. Minor have reached retirement age for directors. Both will serve as directors through the 2013 annual meeting but will not stand for re-election to the board.

"We are grateful to Blake Garrett and Gil Minor for their insights, service and commitment as they faithfully represented the interests of clients, shareholders and teammates throughout their tenures on the board," said William H. Rogers, Jr., SunTrust chairman and chief executive officer. "We also look forward to the prospect of welcoming Frank Scruggs to the board, and benefiting from his extensive governmental, legal and regulatory affairs experiences and perspectives."

Mr. Garrett has been a director since 2004. He is a partner in Garrett and Garrett Construction and related commercial real estate development companies of Fountain Inn, South Carolina.

Mr. Minor has served as a director since 1998. Since 1994, he has served as chairman of the board of Owens & Minor, Inc., the Richmond, Virginia-based national distributor of medical and surgical supplies, and he served as its president and chief executive officer until 2005.

Mr. Scruggs, 61, has been a partner in the Florida business law firm Berger Singerman LLP since 2007. Prior to that, he was Executive Vice President for Office Depot, Inc., and a shareholder of the law firm Greenberg Traurig LLC. He previously served as Florida Secretary of Labor and Employment Security, and served on the board of directors of Office Depot, Inc.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2012, SunTrust had total assets of $173.4 billion and total deposits of $127.9 billion. Through its flagship subsidiary, SunTrust Bank, the Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.

SOURCE SunTrust Banks, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SUNTRUST BANKS, INC.
02/14 SUNTRUST BANKS : Declares Quarterly Dividend
02/09 SUNTRUST : Financial Stability is a Top Trait Americans Consider Important in a ..
02/09 SUNTRUST BANKS : The Neustar, Inc. (Nsr) Shares Sold by Suntrust Banks Inc.
02/04 SUNTRUST BANKS : The Match Group, Inc. (Mtch) Shares Bought by Suntrust Banks In..
01/30 SUNTRUST BANKS : to Present at the Credit Suisse Financial Services Forum
01/30 SUNTRUST : Financial Stability is a Top Trait Americans Consider Important in a ..
01/27 SUNTRUST BANKS, INC. : Post Earnings Coverage as SunTrust Banks' Q4 Result Outpe..
01/26 SUNTRUST BANKS : Awarded the U.S. President's Volunteer Service Award for Volunt..
01/25 SUNTRUST BANKS INC : Other Events (form 8-K)
01/23 The Mitsubishi Ufj Trust & Banking Corp Has $76,264,000 Position in Northrop ..
More news
Sector news : Banks - NEC
06:11aDJHONG LEONG BANK BHD : 2Q Net Rises 60%
06:08aDJHANG SENG BANK : 2016 Net Profit Down 41% at HK$16.21 Billion
02:35aDJUNITED OVERSEAS BANK : Plan to Issue S$750 Million 3.50% Notes Due 2029
02/20 Vale to scrap controlling bloc, merge shares in major governance move
02/20 FTSE steadies after setting one-month high, Unilever slumps
More sector news : Banks - NEC
News from SeekingAlpha
02/14 SunTrust Banks declares $0.26 dividend
02/09 Lenders lead advance as House's Hensarling lays out his plans
02/02 A Better Type Of Preferred Stock Investment
01/26 THE MATRIX : Trump, Paul Krugman And U.S. Bank Valuations, Part 2
01/24 Here's Why SunTrust Is Better Than You Think