Suntrust to add corporate banking sites in three major U.S. cities

(Reuters) - SunTrust Banks Inc (STI) said on Monday that it is adding corporate lending offices in Dallas, San Francisco, and Chicago as part of its strategy to turn that business into a nationally focused operation instead of a regional one. SunTrust Robinson Humphrey, the corporate and investment banking arm of the Atlanta lender, is focusing on businesses in the three cities with annual revenues between $100 million and $5 billion, Mark Chancy, SunTrust's head of wholesale banking said in an interview. Chancy said the three cities were chosen because they are home to a large number of mid-sized companies in fast-growing industries, such as energy in the case of Texas and information technology in the case of San Francisco. As the companies grow, the bank can also offer investment banking services like stock and bond underwriting, Chancy said.



via Business News - Yahoo Finance http://finance.yahoo.com/news/suntrust-add-corporate-banking-sites-180554068.html