SunTrust 2005 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2005 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

10 SUNTRUST 2005 ANNUAL REPORT
SunTrust at a glance
SunTrust Banks, Inc., with year-end 2005 assets of $179.7
billion, is one of the nation’s largest and strongest financial
holding companies.
Through its flagship subsidiary, SunTrust Bank, the
Company provides deposit, credit, and trust and investment
services. Additional subsidiaries provide mortgage banking,
insurance, asset management, equipment leasing, brokerage
and capital market services. SunTrust’s client base encompasses
a broad range of individuals and families, high-net-worth
clients, businesses, and institutions.
SunTrust enjoys strong market positions in some of the
highest-growth markets in the United States and also serves
clients in selected markets nationally. The Company’s priorities
include consistency in financial performance, quality in customer
service, and a strong commitment to all segments of the
communities it serves.
SunTrust’s 1,694 retail and specialized service branches and
2,782 ATMs are located primarily in Florida, Georgia, Maryland,
North Carolina, South Carolina, Tennessee, Virginia, and the
District of Columbia. In addition, SunTrust provides clients with
a selection of technology-based banking channels including
Internet, PC and Telephone Banking. Our internet address is
www.suntrust.com.
As of December 31, 2005, SunTrust had total assets under
advisement of $242.5 billion. This includes $209.1 billion in
trust assets as well as $33.4 billion in retail brokerage assets.
SunTrust’s mortgage servicing portfolio grew to $105.6 billion
at year end.
SunTrust’s five key lines of business are:
•Retail Banking, which provides loan, deposit and other services
to consumers and business clients with up to $10 million
in sales.
•Commercial Banking, which offers enterprises a full array of
financial products and services including commercial lend-
ing, treasury management, financial risk management, and
corporate bankcard.
•Corporate and Investment Banking, which focuses on
companies with sales in excess of $250 million, is com-
prised of the following businesses: corporate banking,
investment banking, capital markets, commercial leasing,
and merchant banking.
•Mortgage Banking, which offers residential mortgage products
nationally through its retail, broker, and correspondent
channels.
•Wealth and Investment Management, which provides a full
array of wealth management products and professional
services to both individual and institutional clients.
Our mission is to help people and institutions prosper by
providing financial services that meet the needs, exceed the
expectations, and enhance the lives of our colleagues, clients,
communities, and ultimately our shareholders.
Our Businesses
Our Company
Our Mission