PRESS RELEASE: John Langer and Kathleen Farrell Join SunTrust’s Commercial Real Estate Line of Business

ATLANTA – SunTrust Banks, Inc. announced that commercial real estate banking veterans John B. Langer and Kathleen S. Farrell have joined the company’s Real Estate Investment Trust (REIT) Banking group. Langer has been named senior vice president, and will lead SunTrust’s national REIT Banking Group, which provides REIT clients the full range of banking services including financing and treasury and payment solutions as well as investment banking and capital markets capabilities through SunTrust Robinson Humphrey. Chris Kollme will continue to head the REIT Investment Banking team. Langer reports to SunTrust Commercial Real Estate Executive Walt Mercer. With 30 years of banking industry experience, Langer joins SunTrust from KeyCorp where he most recently served as senior credit executive for commercial real estate for five years and group manager for the institutional real estate group for three years. Prior to that, he held increasingly responsible positions in commercial real estate with Fleet Bank over 14 years. Farrell joins SunTrust as REIT senior credit officer, and brings 23 years of real estate finance and banking experience to her new role. She will report to Joanne McClatchy, SunTrust’s commercial real estate executive risk officer. Prior to joining SunTrust, Farrell was executive vice president and credit executive –commercial real estate for PNC Bank covering commercial real estate markets from northern Ohio to Texas for four years. She served as managing director/debt capital markets at National City Bank from 2005-2008 where she established a real estate syndications group. Before that, she was vice president of real estate capital markets at GE Capital Corp. “Expanding our relationships with REITs is a key priority for us,” said Mercer. “John and Kathy bring extensive experience to SunTrust, as well as expertise in meeting the unique needs of commercial real estate clients. Their leadership will be instrumental in growing this important segment of our commercial real estate business.” 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, 2013, SunTrust had total assets of $172.4 billion and total deposits of $129.9 billion. Through its flagship subsidiary, SunTrust Bank, 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 its various subsidiaries, the Company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is suntrust.com.

TAGS: REITs News