SunTrust Bank is one of the largest banks in the US.
SunTrust, like most banks, is an attractive net lease asset. Banks tend to build their reputation on longevity and trust. These factors lead to a low risk and long term tenant.
SunTrust Bank is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients. The Company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. Through its principal subsidiary, SunTrust Bank, the company offers a full line of financial services for consumers and businesses including deposit, credit, and trust and investment services. Additional subsidiaries provide mortgage banking, asset management, securities brokerage, and capital market services. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust provides clients with a selection of branch-based and technology-based banking channels, including the Internet, ATMs, and twenty-four hour telebanking.
SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain. In addition, SunTrust provides clients with a full selection of technology-based banking channels including online, state-of-the-art customer services centers, and through the latest mobile devices.