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Press release from PR Newswire

SunTrust Acquires CSI Capital Management

Wednesday, May 11, 2011

SunTrust Acquires CSI Capital Management09:00 EDT Wednesday, May 11, 2011SunTrust's Sports and Entertainment Specialty Group Expands Presence in Los Angeles, San Francisco, Boca Raton and GreenwichATLANTA, May 11, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced that it has acquired the assets of CSI Capital Management, a San Francisco based wealth management firm with a significant nation-wide presence that focuses on the financial and investment needs of high net worth clients including highly visible professional athletes. The acquisition expands the presence of SunTrust's Private Wealth Management division in Los Angeles and Atlanta; adds offices in Greenwich, Boca Raton and San Francisco; and builds on the Company's similar success in its music, motorsports and film practices.  Terms of the agreement were not disclosed.Established in 1978, CSI Capital Management has approximately $1.5 billion in assets under management. "SunTrust continues to build its client base and reinforce its reputation as a leading wealth and investment management group through its strategic acquisition of assets of CSI Capital Management, one of the premier wealth management groups in California," said Thomas Carroll, Managing Director of SunTrust Sports and Entertainment Specialty Group.  "Our experience helps successful artists, athletes and entertainers -- and others affiliated with the business of sports and entertainment -- achieve their financial goals.  We welcome the wealth management experience, reputation and proven client relationships represented by the people, brand and capabilities of CSI Capital Management."The Sports and Entertainment Specialty Group provides investment advice, estate planning, wealth advisory services and personal finance options to serve the complex needs of its clients."CSI is excited to join SunTrust's Private Wealth Management team which is widely recognized for delivering an industry leading client experience. We believe this is an ideal partnership where our combined strengths and expanded capabilities will provide exemplary service and added value for clients," said Leland Faust, founder and Chairman of CSI Capital.About SunTrust Banks, Inc.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, 2011, SunTrust had total assets of $170.8 billion and total deposits of $124.0 billion. 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 various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com. Currently serving clients across the country, the SunTrust Sports and Entertainment Specialty Group has offices in Atlanta, San Diego, Los Angeles, Charlotte, Daytona Beach, and Nashville. The group provides comprehensive wealth management services to musicians, actors, artists and athletes and their representatives, including personal banking and credit, investment management, financial planning, insurance, trust administration, estate strategies and capital markets, as well as intellectual property lending and industry-specific financing. Through the affiliate SunTrust Robinson Humphrey, the group also serves the corporate needs of music, film and sports organizations and institutions.SunTrust Sports and Entertainment Specialty Group is a marketing name used by SunTrust Banks, Inc. and the following affiliates: Banking and trust products and services are provided by SunTrust Bank. Securities, insurance (including annuities and certain life insurance products) and other investment products and services are offered by SunTrust Investment Services, Inc., a SEC registered broker/dealer and a member of the FINRA and SIPC. Other insurance products and services are offered by SunTrust Insurance Services, Inc., a licensed insurance agency. Investment advisory products and services are offered by SunTrust Investment Services, Inc., RidgeWorth Capital Management, Inc., and GenSpring Family Offices, LLC investment advisers registered with the SEC.Securities and Insurance Products and Services:Are not FDIC or any other Government Agency InsuredAre not Bank Guaranteed May Lose Value About CSI Capital Management, Inc. Founded in 1978, CSI Capital Management, Inc. is one of Northern California's premier wealth managers and is also America's leading family office for professional athletes. CSI Capital Management, Inc. is an employee-owned company headquartered in the heart of San Francisco's financial district with additional offices in Atlanta, Boca Raton, Greenwich, CT and Los Angeles. Combined assets under management are approximately $1.5 billion.SOURCE SunTrust Banks, Inc.For further information: Hugh Suhr, SunTrust, +1-404-827-6813, hugh.suhr@suntrust.com, Emily Rios, Cookerly Public Relations, +1-678-686-7846, emily@cookerly.com