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SunTrust Makes Key Appointments in Wealth & Investment Management, Business Banking, and Memphis Leadership

Jun 24, 2009

SunTrust Banks, Inc. announced key appointments within its Wealth & Investment Management and Business Banking divisions and leadership of its Memphis banking operations.

John J. Geraghty, a SunTrust veteran with more than 20 years of service with the Bank, has been named Executive Vice President and Chief Fiduciary Officer within SunTrust's Wealth & Investment Management division. In this role, he is responsible for the overall oversight of trust and estate administration for SunTrust, including risk management, account acceptance, and compliance to trust administration and estate settlement. He is also responsible for the oversight, strategy, staff and development of the financial planning platform.

Prior to this role, Mr. Geraghty was head of the Wealth & Investment Management Line of Business for the Greater Atlanta and North Georgia markets, a position that John R. Frazer has assumed.

As Executive Vice President, Georgia Area Line of Business Manager for Wealth & Investment Management, Mr. Frazer is responsible for leading sales and service efforts and the overall execution of business strategies for the state of Georgia. He is a SunTrust veteran with 20 years of service with the Bank.

Prior to this position, Mr. Frazer served as President and CEO of SunTrust Bank, Memphis. Johnny B. Moore has been named to fill that role. With more than 17 years of experience with SunTrust and its predecessor institution in Memphis, Mr. Moore leads the Bank's operations which consist of 37 retail offices throughout Memphis and the Mid-South. He previously served as head of the region's Commercial Line of Business.

Additionally, SunTrust announced that Bill Holt will be joining the Company from Wells Fargo & Company in Charlotte, N.C., as Executive Vice President and head of Business Banking. In this role he will be responsible for leading all operating aspects of that line of business across the Company's footprint. At Wells he most recently served as Executive Vice President and Wholesale Banking Group Chief Operating Officer. He brings more than 25 years of banking experience with Wells and its predecessor institution in Charlotte, Wachovia.

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 March 31, 2009, SunTrust had total assets of $179.1 billion and total deposits of $119.0 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 customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is

First Call Analyst: Putnam, Eugene
FCMN Contact:

SOURCE: SunTrust Banks, Inc.

CONTACT: Hugh Suhr of SunTrust Banks, Inc., +1-404-827-6813