• SunTrust operates 1,600 branches mostly in the southeast U.S. from which it offers retail and commercial banking services, as well as trust services, mutual funds, credit cards and mortgage banking.
• SunTrust’s investment policies and ties to other corporations have raised questions about its social responsibility.
• Leaders of SunTrust and Coca-Cola have a close relationship, making SunTrust a prime target for human rights campaigns against Coke.
• SunTrust fell under fire from the Securities and Exchange Commission for failing to clearly explain to the public how the company pays its five top executives.
• Find ethical and sustainable financial options using Go Green.
-- Profile Updated 07/01/2010
About SunTrust Banks
SunTrust operates 1,600 branches mostly in the southeast U.S. from which it offers retail and commercial banking services, as well as trust services, mutual funds, credit cards and mortgage banking. In 2006, the Atlanta-based company employed 33,406 people and posted $13.3 billion in sales.
Global Finance Campaign
SunTrust is among the financial institutions targeted by Rainforest Action Network's Global Finance Campaign. The campaign works to "end destructive investments from the world’s largest financial institutions and help to chart a new course towards a sane and sustainable global economy." RAN is calling for consumer pressure on major banks to adopt lending policies that consider the long-term environmental and social impacts of investments.
Campaign to Stop Killer Coke
With a longstanding relationship and numerous high-level ties between the two companies, SunTrust has often been referred to as Coca-Cola's bank. E. Neville Isdell, Chairman and CEO of Coke, sits on the bank's Board of Directors. SunTrust President and CEO Phillip Humann owns 41,402 shares of CCE, Coke's largest subsidiary, and he is one of the directors of Coca-Cola Enterprises. The Campaign to Stop Killer Coke charges SunTrust executives with complacency in the face of human rights violations at Coke bottling plants in Colombia and asks concerned citizens to urge the bank's Board of Directors to take action.
Capitoline Investment Services, Inc. - Richmond, VA
- SunTrust Bank - Orlando, FL
- SunTrust Bank - Richmond, VA
SunTrust Bank - Richmond, VA
- SunTrust Bank, Alabama, N.A. - Florence, AL
- SunTrust Bank, Augusta, N.A. - Augusta, GA
- SunTrust Bank, Central Florida, N.A - Orlando, FL
- SunTrust Bank, Chattanooga, N.A. - Chattanooga, TN
- SunTrust Bank, East Central Florida - Daytona Beach, FL
- SunTrust Bank, East Tennessee, N.A. - Knoxville, TN
- SunTrust Bank, Gulf Coast - Sarasota, FL
- SunTrust Bank, Hilton Head - Hilton Head Island, SC
- SunTrust Bank, Miami, N.A. - Miami, FL
- SunTrust Bank, Mid-Atlantic Headquarters - Richmond, VA
- SunTrust Bank, Middle Georgia, N.A. - Macon, GA
- SunTrust Bank, Nashville Region - Nashville, TN
- SunTrust Bank, Nashville, N.A. - Nashville, TN
- SunTrust Bank, Nature Coast - Brooksville, FL
- SunTrust Bank, North Central Florida - Ocala, FL
- SunTrust Bank, North Florida, N.A. - Jacksonville, FL
- SunTrust Bank, Northeast Tennessee - Johnson City, TN
- SunTrust Bank, Northwest Georgia, N.A. - Rome, GA
- SunTrust Bank, Savannah, N.A. - Savannah, GA
- SunTrust Bank, South Central Tennesse, N.A. - Pulaski, TN
- SunTrust Bank, South Florida, N.A. - Fort Lauderdale, FL
- SunTrust Bank, South Georgia, N.A. - Albany, GA
- SunTrust Bank, Southeast Georgia, N.A. - Brunswick, GA
- SunTrust Bank, Southwest Florida - Fort Myers, FL
- SunTrust Bank, Tallahassee, N.A. - Tallahassee, FL
- SunTrust Bank, Tampa Bay - Tampa, FL
- SunTrust Bank, Treasure Coast, N.A. - Fort Pierce, FL
- SunTrust Bank, West Florida - Pensacola, FL
- SunTrust Bank, West Georgia, N.A. - Columbus, GA
- SunTrust Banks-Athens - Athens, GA
- SunTrust Banks-Atlanta - Atlanta, GA
- SunTrust Capital Markets, Inc. - Atlanta, GA
- SunTrust Insurance Company - Atlanta, GA
- SunTrust Mortgage Inc. - Richmond, VA
- SunTrust Robinson Humphry - Atlanta, GA
- SunTrust Securities, Inc. - Atlanta, GA
- Trusco Capital Management - Atlanta, GA
Contact SunTrust Banks
Altanta, GA 30308-3201 USA
The FTSE4Good Index acknowledges companies that meet "globally recognized coporate responsibility standards". SunTrust was dropped from this Index in March 2003 for refusing to meet new environmental criteria.
-- Environmental Finance Magazine, 04/01/2003
Ethics and Governance
Suntrust in Richmond VA fired a 14 year employee over an offensive email. The woman received an offensive chain email from a co-worker, and sent it to two outside friends to get their opinion. The email and situation was then forwarded to the NAACP. Others in the company who received the email also found it to be offensive. After a meeting with her manager the woman was fired because of trust issues. She is currently filing a complaint with the Virginia Equal Employement Opportunity, and is appealing her termination with Suntrust.
She has never received a poor review and believes that her termination is only in regard to the poor press Suntrust has received because of the email she sent to the NAACP.
-- Richmond Times Dispatch, 03/29/2010
SunTrust Banks received a "B-" grade on the 2007 NAACP Economic Reciprocity Initiative report. The grade reflects a measurement of corporate America's commitment to African Americans and other people of color. Companies were surveyed for their activity in employment, vendor development and contracting, advertising and marketing, dealerships and philanthropy.
-- NAACP, 07/15/2007
In 2007, SunTrust fell under fire from the U.S. Securities and Exchange Commission for failing to clearly explain how the company pays its five top executives. The SEC requires that companies use "plain English" so that the information may be understood by shareholders.
-- The Globe and Mail (Canada), 04/04/2007
Source URL: none available
When Coca-Cola selected E. Neville Isdell as a new top executive in in June 2004, SunTrust soon named him to its board. The bank's board typically has at least one Coca-Cola executive. This is just the latest event illustrating the closely aligned nature of the two companies.
-- Atlanta Journal-Constitution, 12/10/2004
Source URL: none available