The third-largest bank in the Columbus metro area has a new top executive — in a newly created position that oversees a three-city region.
James A. Manley III has been chosen to lead the Columbus and Macon region for Atlanta-based SunTrust Banks, the company said Tuesday. His area of responsibility also includes Albany, Ga.
As president and chief executive officer of the region, he will be in charge of local business and commercial banking efforts and report to Gary Peacock, SunTrust division president.
Gene Perkins remains in his position of Columbus market president, a job he took in June 2012, the company said.
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Manley previously has served as business banking team leader for SunTrust’s Georgia region and Middle Georgia market president, operating out of Macon, Ga. The University of Georgia (marketing degree) and Georgia Southern University graduate (master’s in business administration) has been with the bank since 2000.
“With 25 years of experience, Jim is an accomplished leader with a long track record of meeting the needs of clients, and fostering sales, service and performance management with his team,” Peacock said in a statement.
In Georgia, SunTrust is the state’s largest bank, with deposits of more than $37 billion and a market share of nearly 20 percent, according to the most recent snapshot from the Federal Deposit Insurance Corp. It is followed by Wells Fargo Bank, Bank of America and Synovus Bank, the latter headquartered in Columbus with statewide deposits of nearly $12 billion and market share of about 6.3 percent.
In the Columbus metro area, however, SunTrust is the third-largest financial institution, with about $626 million in deposits and a 10 percent market share, according to FDIC. That’s far behind Synovus — parent company of Columbus Bank and Trust — with nearly $4 billion in deposits and 63 percent share. Wells Fargo is second with $779 million in deposits and a 12.5 percent share.