This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SunTrust Announces Key Appointments In Geographic And Consumer Banking

Stocks in this article: STI

ATLANTA, March 19, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced key appointments within its Geographic and Consumer Banking organizations. 

Thomas Rueger , who has served as President and Chief Executive Officer of SunTrust Bank, Hampton Roads, Va., announced his intent to retire in May following a 42-year career with the company. 

Leroy Abrahams, who previously served as SunTrust's Executive Vice President of Retail Banking, will succeed Mr. Rueger.  Mr. Abrahams will report to John Stallings, Mid-Atlantic Division President and Chief Executive Officer, and be based in Norfolk, Va.  Mr. Abrahams' appointment is effective May 1.

"We greatly appreciate Tommy's leadership and many contributions to the company and community over his long career, and wish him well in his retirement," said Mr. Stallings.  "Leroy likewise is a proven leader with more than 27 years of retail and business banking experience.  His commitment to serving clients and the community, and passion for driving results will benefit our already-strong Hampton Roads team and the region."    

The company also announced that Jeffery Hooper has been named Retail Banking Executive, succeeding Mr. Abrahams, effective immediately.  In this role, Mr. Hooper will oversee SunTrust's strategies to meet the needs of clients throughout its network of nearly 1,700 branches.  A 25-year SunTrust veteran, Mr. Hooper most recently served as head of Consumer Lending. 

Additionally, Beverly Ladley will join SunTrust on April 2, 2012, to lead Consumer Lending and assume oversight responsibility for the company's indirect auto, student, Marine/RV, home equity and direct lending efforts.  Ms. Ladley was previously with Bank of America where she served in increasingly responsible positions, including Global Sourcing Executive and U.S. Card and Consumer Lending Product Executive, during more than 20 years with that company.

Mr. Hooper and Ms. Ladley will report to SunTrust Consumer Banking and Private Wealth Management Executive Brad Dinsmore

"Jeff brings a varied and extensive banking background as well as superior leadership skills to his new role, and Beverly's client centric-approach and successful track record driving business growth make her uniquely qualified to lead our Consumer Lending unit," said Mr. Dinsmore.  "These appointments are indicative of our commitment to strengthening and deepening client relationships by deploying talented teammates in new roles and building out our team."  

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs