Kyle Prechtl Legg Joins the Board of SunTrust Banks, Inc.

SunTrust Banks, Inc. (NYSE: STI) Executive Chairman James. M. Wells III announced that Kyle Prechtl Legg has been elected to SunTrust's Board of Directors.

"We welcome Kyle to the SunTrust Board and look forward to benefiting from the financial services and investment experience and valuable perspectives she brings to our organization," said Mr. Wells at yesterday's annual meeting of SunTrust shareholders.

Ms. Legg is the former chief executive officer of Legg Mason Capital Management and has more than 30 years of professional experience in the investment industry. A chartered financial analyst who began her career as a bank analyst with Alex Brown & Sons, she joined Legg Mason Capital Management in 1991 as a vice president and senior analyst, was named president of the firm in 1997, and chief executive officer in March 2006. Ms. Legg is also a director of the Eastman Kodak Company.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2011, SunTrust had total assets of $170.8 billion and total deposits of $124.0 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.

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This article was prepared by Real Estate Weekly News editors from staff and other reports. Copyright 2011, Real Estate Weekly News via VerticalNews.com.