SunTrust Bank seems to have weathered the hits it took during the banking crisis and great recession. Analysts revised the outlook to Positive for SunTrust indicating that loan growth and an improved portfolio to reduce credit risk coupled with a measured approach to extending credit have put the institution on more stable footing.
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, automatic teller machine (ATMs), and twenty-four hour telebanking.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
