ATLANTA, March 29, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced that Kevin S. Blair has been named Chairman, President and Chief Executive Officer of SunTrust Bank, Georgia Region. He succeeds William B. Haile, who previously announced plans to retire on April 30. Mr. Blair will report to E. Jenner Wood, III, SunTrust's Atlanta/Georgia Division Chairman, President and Chief Executive Officer, and be based in Savannah. The Georgia Region encompasses six local banking units located in the state: SunTrust Bank, Augusta; SunTrust Bank, Middle Georgia; SunTrust Bank, Savannah; SunTrust Bank, South Georgia; SunTrust Bank, Southeast Georgia and SunTrust Bank, West Georgia.
"Kevin brings a versatile and extensive banking background as well as superior leadership skills to his new role," said Mr. Wood. "Throughout his career at SunTrust, Kevin has displayed a passion for winning, an ability to drive results and strong commitment to the community. We also greatly value the many contributions Bill Haile has made to SunTrust over his 36 year career, and are pleased that we are able to draw upon his experience during this transition." Mr. Haile will continue to serve on the local Board of Directors of several of the Georgia Region banks.
Mr. Blair most recently served as SunTrust's Geographic Banking Administration Officer. A 13-year veteran of the Company, he has held increasingly responsible positions in retail banking, strategic finance and credit risk management including serving as Retail Line of Business Manager for SunTrust's Central Group (Georgia, Tennessee) as well as the Mid-Atlantic Group (Maryland, North Carolina, South Carolina, Virginia, West Virginia and Washington, D.C.)
Mr. Blair graduated magna cum laude from James Madison University in Harrisonburg, Virginia with a bachelor's degree in Management and Economics. He earned an MBA from George Washington University in Washington, D.C. with a concentration in Financial Management.
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, 2010, SunTrust had total assets of $172.9 billion and total deposits of $123.0 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.