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First Mercantile Names Hansen National Sales Manager, Restructures Sales Team

PRNewswire
MEMPHIS, Tenn.
Oct 20, 2005

First Mercantile announces the appointment of Rick Hansen as National Sales Director and First Vice President. In this position, Hansen assumes responsibility for managing the First Mercantile sales team as well as directing the sales efforts to the company's multifaceted client sets.

Hansen is reorganizing the sales group to more effectively address the support needs of successful consultants and third party administrators, and to attract substantial new business. This restructuring includes the addition of business development relationship managers to support the regional sales directors in their nationwide sales efforts. These relationship managers will also provide sales assistance to consultants and third party administrators as well as service large retirement plan accounts of $10 million and more.

Hansen brings to First Mercantile more than 30 years of experience in sales and marketing. His most recent position was at Mellon Financial Corporation where he was the Vice President, Managed Account Sales. Previously, he was the National Sales Manager for Integrated Resources.

Alan Dunaway, First Mercantile President, said, "Rick Hansen's uncanny ability to seek out sales opportunities along with his experience in the financial services industry mesh well with our company's goals and philosophies. We are confident that his talents and vision will be instrumental in taking First Mercantile to the next level."

First Mercantile is headquartered in Memphis, Tennessee and is a wholly owned subsidiary of SunTrust Banks, Inc., one of the nation's largest and strongest financial holding companies. First Mercantile has provided retirement plan products and services for more than 32 years to businesses and individuals nationwide. For more information, visit www.firstmerc.com.

SOURCE: First Mercantile

CONTACT: Phil Maness, Marking Director of First Mercantile,
+1-901-260-9049, or fax, +1-901-753-9863, or pmaness@firstmerc.com