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This profile was last updated on 11/20/04  and contains information from public web pages.
 
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Untitled Document
www.blackbusinessink.com, 20 Nov 2004 [cached]
In published reports, Eileen Sarro, a spokesperson for CCB parent company National Commerce, counters that the charges are "without merit," noting that both CCB and SunTrust have received "outstanding" CRA ratings.
"We have been meeting with CRANC and have had good discussions with them," Sarro says."Some issues are outstanding, but we feel that we have a great reputation and are good corporate citizens.Any implication that we engage in any discriminatory lending is totally without merit.Are there areas to improve?Of course, and we are working with them."
There's nothing wrong with so-called "tiered pricing," Sarro continued, stating that it is a widely used practice in the banking industry nationwide and is approved by the U.S. Department of Housing and Urban Development.
SunTrust names Durham home to banking group - 2004-07-19 - Triangle Business Journal
triangle.bizjournals.com, 19 July 2004 [cached]
"We've been headquartered in Durham for quite a while," says National Commerce spokeswoman Eileen Sarro."It made sense to maintain that presence."
The companies said the Carolinas Banking Group, which will include 254 branches and 1,900 employees, will be the fourth SunTrust banking group.The 1,900 employees are just in retail banking, and don't include things like operations and back office functions, according to Sarro.
National Commerce currently has 3,189 employees in the Carolinas, she says.Asked about potential cuts, Sarro says, "We will be looking at some reductions, but they could be occurring anywhere across the footprint."
Memphis-based National Commerce is the parent company of Durham-based CCB.National Commerce also has maintained operational headquarters in Durham.
Asked if the Carolinas Banking Group would grow after the merger, Sarro says, "It's a little bit too early to say."
SunTrust Banks to buy CCB parent - 2004-05-10 - Triangle Business Journal
triangle.bizjournals.com, 10 May 2004 [cached]
Eileen Sarro, NCF's corporate communications manager, said the merger's impact on those employees has not yet been determined.
heraldsun.com: SunTrust pondering move from vintag...
www.heraldsun.com, 1 May 2006 [cached]
The bank is "looking at other space" downtown, and isn't sure whether it will retain ownership of the 1935-vintage tower, said Eileen Sarro, a SunTrust marketing director.
If it winds up moving the bulk of its operations to another location, SunTrust will retain a branch that operates on the ground floor of the tower, and also is likely to keep some offices there.It also intends to keep its name on the signature sign that tops the building, Sarro said.
It's also possible that the bank will choose to stay put, though the impetus for looking around is the conviction that "the space that we have isn't working for us very well," Sarro said.
The 250 or so SunTrust employees who work in the tower occupy 11 of its floors, "not very efficiently in some cases," she said.The building houses, among other things, local offices for commercial lending, mortgage servicing, marketing and training.
Sarro wouldn't identify what spaces SunTrust was looking at, or when company officials might make a decision.
...
"That building means too much to Durham, and means too much to our company," Sarro said.
heraldsun.com: Sale of ex-CCB building looming
www.herald-sun.com, 23 May 2006 [cached]
But the bank would keep its ground-floor branch and signature sign atop the building as part of any sale, said Eileen Sarro, a SunTrust spokeswoman, in an April interview.
About 250 employees occupy 11 floors of the 270-foot-tall building.Sarro said the bank wanted to house its employees in a more efficient setting downtown."We are not moving from downtown," she said in a recent interview.
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