SunTrust Banks expands its Aging Services group nationwide
SunTrust Banks Inc. has expanded its Aging Services/Senior Living Industry Practice group nationwide.
Previously available in some regions only, it will now be offered across the U.S., leveraging its existing SunTrust Robinson Humphrey Inc. and SunTrust Bank offices. The decision to expand its coverage and business was a recognition of the growing demand in the Aging Services sector. This move offers a solution to the needs of senior housing providers U.S.-wide.
"We saw an opportunity to fulfill our purpose of advancing financial well-being by addressing the needs of many senior housing providers and communities nationwide who are underserved and require access to capabilities beyond just a traditional bank loan," Jason Cagle, head of Commercial Banking at SunTrust, said. "SunTrust has the capabilities of a full-scale corporate and investment bank through SunTrust Robinson Humphrey, as well our Agency Lending platform, partnered with our dedicated industry specialists that together can help senior living and long-term care providers successfully navigate this rapidly growing market."
Vital to the maturing community are continuing care retirement, skilled nursing, assisted living and memory care facilities, these various sectors can be assisted by the Aging Services practice group which has extensive knowledge and expertise on these industries.
"This national expansion is the result of many years of hard work and positions us to respond to the growing demand for long-term care," Evelyn Lee, senior vice president of SunTrust's Aging Services practice, said. "We are thrilled to make available our full capabilities and expertise to providers throughout the country to help deliver state-of-the-art services to seniors."