StockNews.AI
TFC
StockNews.AI
19 days

Truist strengthens commercial banking, wealth management teams in Florida

1. Truist appointed new leaders for Florida commercial banking team. 2. Six new wealth advisors added to enhance client relationships. 3. Leadership aims for strategic growth in wealth, payments, and commercial banking. 4. Truist's total assets reported at $544 billion as of June 2025. 5. Commitment to economic growth in Florida strengthens market position.

8m saved
Insight
Article

FAQ

Why Bullish?

The leadership changes and expansion in Florida signal positive growth strategy, which historically boosts stock prices in financial institutions during similar expansions.

How important is it?

The article reflects strategic moves that directly support Truist's growth initiatives, impacting its market performance.

Why Long Term?

Strategic leadership changes position Truist for long-term growth, evidenced by the company's expanding operations in high-potential markets.

Related Companies

Scott Cathcart named Florida regional president, Javier Suarez named Miami market presidentTruist Wealth adds 6 new advisors across the state, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced new leadership for its commercial banking team in Florida and the addition of six new Truist Wealth advisors.The announcements strengthen the company's commitment in Florida to execute against its strategic growth initiatives, which include deepening and expanding client relationships in areas such as wealth, payments and middle market and commercial banking. Scott Cathcart and Javier Suarez Commercial Banking Scott Cathcart was named regional president of Florida, responsible for leading the commercial banking teams across the state to drive focused growth in a key market. Cathcart has more than 20 years of corporate finance and commercial banking experience at Truist, most recently leading the corporate finance team within the expanded Truist Commercial and Corporate Banking group.Cathcart is passionate about promoting economic growth across the state of Florida and serves on the Florida Council of 100, as well as Lift Orlando and Faine House, organizations that help empower people to reach their full potential through resources and mentorship.Javier Suarez was named market president for Miami-Dade and the Florida Keys. Suarez has nearly 15 years of banking experience and reports to Cathcart as leader of the commercial banking team in this dynamic and fast-growing area of the state."We've experienced strong momentum and we are investing to grow and take share in strategic markets," said Jodie Hughes, head of Commercial Banking at Truist. "Scott and Javier are purpose-driven leaders with vast experience in Florida. Their leadership and the commitments we're making across the state position Truist to enhance client relationships and expand our strong presence in Florida."Cathcart is based in Orlando and Suarez is in Miami.Truist WealthTruist Wealth added six new advisors to its Florida team to provide wealth planning and advice for affluent, high- and ultra-high net worth individuals, families and business owners. Joachim Bruneau, senior vice president and wealth advisor, Miami Bill Burnett, senior vice president and wealth advisor, Jupiter Amanda Butterworth, senior vice president and wealth advisor, Palm Beach P J Nassar, senior vice president and wealth advisor, Tampa Hernan Fonseca, vice president and financial advisor, Tampa Robert Tweeddale, vice president and financial advisor, Stuart "Our new advisors embody our Purpose Driven Wealth Experience, which helps our clients discover their purpose and align every aspect of their wealth with their long-term plans," said Brian Dowhower, head of Truist Wealth. "Their deep insight and commitment to delivering personalized, strategic guidance will build on our leadership in Florida."The wealth and commercial teams are part of the broader Truist Wholesale Banking segment, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients through a combination of regional coverage and industry-focused teams serving clients across the U.S.Continued Momentum in FloridaThe appointments and hires come on the heels of Charles Alston joining Truist as head of the Nonprofit Hospitals, Higher Education and Government (HHG) banking team. Alston, who is based in Jacksonville, joined the Truist Specialized Industries team within the Commercial and Corporate Banking division in June.About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of June 30, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.About Truist WealthTruist Wealth delivers holistic wealth management solutions to affluent, high and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth provides distinct solutions for individuals and businesses through the following affiliates: Banking products and services, corporate trust, escrow and institutional investment management services to public, private and nonprofit organizations provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers.SOURCE Truist Financial Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News