ATLANTA, Nov. 16, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) President and Chief Executive Officer Bill Rogers announced today that CT Hill, head of SunTrust's Consumer Banking business, will retire in February 2012 following 41 years of distinguished service.
Mr. Hill began his banking career in Installment Loans in 1970 with United Virginia Bankshares, which became Crestar in 1987 and subsequently merged with SunTrust Banks, Inc., in 1998. Prior to his current role leading the Consumer Banking Group, Mr. Hill served as Chairman, President and Chief Executive Officer of the Mid-Atlantic Banking Group, as well as head of the Retail Line of Business. He attended Virginia Tech and the University of Richmond. Mr. Hill also is a graduate of the Stonier Graduate School of Banking at Rutgers University, The Ohio State University National School of Real Estate Finance and the Executive Program at The University of Virginia Darden School of Business.
In preparation for Mr. Hill's retirement, Rogers also announced two immediate additions to his direct report leadership team – Brad Dinsmore, who will assume overall Consumer Banking and Private Wealth Management leadership responsibilities; and Jerome Lienhard, who will assume overall leadership responsibilities for the Company's Mortgage line of business.
"I am personally delighted for CT and his family, and congratulate him on a truly outstanding career," said Mr. Rogers. "He has brought the best of our Company to life in every role he has performed over his career, always conducting himself with dignity and humility. Continuing CT's reputation for leadership excellence, Brad and Jerome are both highly respected leaders, inside and outside of SunTrust, and assume their roles at a critical time in our Company's and industry's history. Their thought leadership will be critical to our success."
Mr. Rogers added that John Stallings, President and CEO of SunTrust's Mid-Atlantic Division, will continue in those leadership responsibilities, reporting to Thomas Kuntz, Geographic Banking Executive.
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, 2011, SunTrust had total assets of $172.6 billion and total deposits of $126.3 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.