SunTrust Lands Deal With Discount Auto Parts
2 February 1999
SunTrust Lands Deal With Discount Auto PartsORLANDO, Fla., Feb. 1 -- SunTrust Bank Central Florida, N.A., has signed a contract to handle all merchant services banking for Discount Auto Parts . The bank will process all credit card and debit card transactions for the company's 530-plus stores. "We are thrilled to add merchant services to the financial services we already provide Discount Auto Parts," said Sally Cardetti, first vice president and manager of merchant services for SunTrust Bank Central Florida. The bank will continue to provide other services, such as cash management and deposit services. "Acquiring this account strengthens our total relationship with Discount Auto Parts and provides name recognition to help expand our portfolio holdings." Discount Auto Parts, Inc. is one of the Southeast's leading specialty retailers of automotive replacement parts, maintenance items and accessories for the do-it-yourself consumer. Today, the over $500 million company is staffed by more than 5,000 team members. They provide more than 40,000 parts that are available same day from more than 500 locations throughout Georgia, Alabama, Mississippi, South Carolina, Louisiana and Florida. SunTrust Bank Central Florida, N.A. is the largest bank based in Central Florida, with headquarters in Orlando, and 56 offices located throughout Orange, Osceola, Seminole, Lake and Brevard counties. As of December 31, 1998, it had assets of $8.7 billion, deposits of $4.7 billion and 1,767 employees. It is the lead bank in SunTrust's 13-bank Florida network, which today has more than 380 offices from Pensacola to Miami. The parent company, SunTrust Banks Inc. , merged with Crestar Financial Corporation in December of 1998. SunTrust is the 10th largest banking company in the United States, based on $93.2 billion in assets, and provides a full line of consumer and commercial banking services to more than 3.3 million customers through 1,094 branches in Florida, Georgia, Tennessee, Alabama, Virginia, Maryland and the District of Columbia. SunTrust's internet address is http://www.SunTrust.com.