ORLANDO, Fla. -- SunTrust Banks Inc. said it has established a credit card bank in Orlando to centralize a multistate operation.
The $37.6 billion-asset SunTrust, which is the product of several mergers across state lines. had 10 credit card centers in Florida, Georgia, and Tennessee.
The new institution, SunTrust BankCard, received a national charter from the Office of the Comptroller of the Currency on July 6. William J. Moore is president and chief executive officer of the unit, which employs 300 people.
According to The Nilson Report, SunTrust ranks 33d among credit card issuers. Its retail network consists of 650 offices in Alabama, Florida, Georgia, and Tennessee.