Recent News

SunTrust’s Dealer Financial Services Expands to Three Markets

ATLANTA — SunTrust Banks Inc. is expanding its wholesale automobile dealer financial services to Dallas, Chicago and Boston, offering a full line of wholesale and indirect banking products to dealers in these metropolitan areas.

SunTrust Robinson Humphrey recently extended its corporate banking presence to these same markets as part of a national expansion strategy. SunTrust has served auto dealer clients in the Southeast for more than 50 years.

“SunTrust has a long history of serving auto dealers and we understand the business,” said Beau Cummins, commercial and business banking executive. “We will bring personalized service, proven expertise and the full financial capabilities of SunTrust Bank and SunTrust Robinson Humphrey to the industry in these dynamic regions.”

Wes McKnight and Greg Buell will lead the Dallas-based wholesale dealer finance team. McKnight joins SunTrust following 15 years in the auto industry, a career that included stints with all auto manufacturer brands. Buell brings more than 20 years of extensive risk management and servicing experience within the auto financial services industry, including credit operations, dealer credit, collections, and sales and call center management. 

Scott Worthing is leading the Chicago wholesale auto dealer team, bringing more than 20 years of dealer financial services management experience, including a proficiency in developing, launching and marketing new products and services, combined with OEM executive relationship experience. 

In Boston, Michael Walsh brings 27 years of auto sales and finance experience, including the development of dealership group relationships within the New England and Mid-Atlantic markets.

 

Follow @FI_Magazine on Twitter