ATLANTA, Jan. 11 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) today announced the re-branding of its treasury management division to SunTrust Treasury & Payment Solutions. The new name is in line with a shift in the marketplace, where corporate treasury departments are expanding in scope and often contributing significantly to corporate strategy and decision-making. "Our clients are faced not only with increased opportunity, but also increased pressure to drive financial performance, typically without the commensurate resources," said David Fuller, Senior Vice President, Head, Treasury & Payment Solutions. "They need more integrated payment solutions - ideas and advice that help both streamline business processes and ensure proper operational controls - rather than a product-centric offering." SunTrust's treasury experts can respond to clients' needs across the full spectrum of the bank's payments capabilities - merchant processing, commercial cards, including corporate, purchasing, fleet and payroll cards, in addition to traditional treasury management products such as ACH, lockbox and online information reporting. "The re-branding firmly underscores our commitment to being a strategic business advisor to our clients," said Fuller. "It's an exciting time to be in the payments business, and we're pleased to be at the forefront of helping clients address the challenges they are facing and ultimately contribute to the success of their organization," said Fuller." 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 September 30, 2006, SunTrust had total assets of $183.1 billion and total deposits of $124.4 billion. 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 customers in selected markets nationally. Its primary businesses include deposit, credit, treasury and payment solutions, and trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com.
SOURCE SunTrust Banks, Inc.