ATLANTA, Aug. 16, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced that Brad Dinsmore has joined the Company as Executive Vice President of Consumer Banking & Private Wealth Management. Mr. Dinsmore will be based in Atlanta and report to C.T. Hill, who will continue to serve as Corporate Executive Vice President and Head of Consumer Banking & Mortgage.
Mr. Dinsmore will oversee the Company's Retail Banking, Card, Consumer Lending, Consumer Product and Private Wealth Management businesses, while Mr. Hill will shift his primary focus to continued support of Jerome Lienhard in his leadership of the Mortgage line of business and providing strategic oversight for the overall Consumer Banking business.
"Brad has an impressive track record as a banking leader and industry advocate," said William H. Rogers, Jr., President and Chief Executive Officer of SunTrust Banks, Inc. "Giving him responsibility for our traditional consumer banking and private wealth management operations will enable us to benefit from his deep experience and insights, and allow C.T. to focus on the extremely important tasks under way and ahead in our mortgage business. In addition, C.T. and Brad will partner in our efforts to align our consumer banking strategy with the evolving regulatory environment and changing client banking behaviors."
Mr. Rogers added that Mr. Dinsmore also would work closely with Chief Marketing Officer Rilla Delorier and Head of Geographic Banking Tom Kuntz in the continued evolution of the Company's brand, marketing and service delivery strategies.
Mr. Dinsmore previously was Head of U.S. Retail Banking for Citigroup, where he oversaw delivery of products and services to four million accountholders representing $110 billion in deposits. Prior to joining Citigroup, he spent 20 years with Bank of America in roles of increasing responsibility in consumer, mortgage, business and wealth management banking, including four years in Atlanta as the Southeast Consumer Executive overseeing consumer and mortgage banking in the region. Mr. Dinsmore ultimately served as the company's West Division Consumer and Business Banking Executive, overseeing 2,000 banking centers and service delivery to 12 million households.
Mr. Dinsmore earned his bachelor's degree in Business Administration from California Polytechnic State University and completed additional studies at the University of Washington's Pacific School of Banking. He is a member of the Consumer Bankers Association Executive Board and the Retail Banking Executive Roundtable.
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 June 30, 2011, SunTrust had total assets of $172.2 billion and total deposits of $124.9 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 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.