Reorganization of Divisions at SunTrust Banks

SunTrust Banks Inc (STI.N) said on Tuesday it was creating a new unit to oversee all of its consumer banking operations, and reorganizing its corporate and investment banking operations.

The Atlanta-based bank's newly created consumer banking organization will have oversight of all consumer deposit and loan offerings, including mortgage and credit cards.

The change by one of the 10 largest U.S. banks mirrors shifts by other large U.S. consumer banks to streamline operations and give a few executives ultimate responsibility for basic consumer services, like deposits and loans.

C.T. Hill, 59, will run the new unit, SunTrust said. He previously ran the bank's Mid-Atlantic Banking Group and managed its retail business line.

Thomas Kuntz, 53, will oversee the bank's 1,700 branches spread through 16 divisions in the Southeast and Mid-Atlantic regions of the United States.

The bank is also moving some of its commercial executives.

Amy Medendorp, 48, will become business executive for SunTrust's commercial line of business. She previously worked as co-head of the corporate and investment bank with Hugh Cummins, who will take over full responsibility for the corporate and investment banking operations.