SunTrust 2009 Annual Report Download - page 33
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Please find page 33 of the 2009 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.-
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We may enter into transactions with off-balance sheet affiliates or our subsidiaries.
We engage in a variety of transactions with off-balance sheet entities with which we are affiliated. While we have no
obligation, contractual or otherwise, to do so, under certain limited circumstances, these transactions may involve providing
some form of financial support to these entities. Any such actions may cause us to recognize current or future gains or losses.
Depending on the nature and magnitude of any transaction we enter into with off-balance sheet entities, accounting rules may
require us to consolidate the financial results of these entities with our financial results.
Item 1B. UNRESOLVED STAFF COMMENTS
None.
Item 2. PROPERTIES
The Company’s headquarters is located in Atlanta, Georgia. As of December 31, 2009, SunTrust Bank owned 598 of its
1,683 full-service banking offices and leased the remaining banking offices. (See Note 8, “Premises and Equipment,” to the
Consolidated Financial Statements for further discussion of its properties.)
Item 3. LEGAL PROCEEDINGS
The Company and its subsidiaries are parties to numerous claims and lawsuits arising in the normal course of its business
activities, some of which involve claims for substantial amounts. Although the ultimate outcome of these suits cannot be
ascertained at this time, it is the opinion of management that none of these matters, when resolved, will have a material effect
on the Company’s consolidated results of operations or financial position.
Also refer to Note 21, “Contingencies”, to the Consolidated Financial Statements.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There were no matters submitted to a vote of shareholders during the quarter ended December 31, 2009.
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