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27th January 2012

SunTrust acquires FirstAgain for loan platform

SunTrust has purchased FirstAgain, an internet based consumer loan company said to target 'super-prime' borrowers. No financials were provided and the deal requires regulatory approvals.


"FirstAgain's technological prowess and expertise provide SunTrust with an attractive nationwide online lending platform," said Brad Dinsmore, SunTrust's Consumer Banking and Private Wealth Management Executive. "We look forward to welcoming FirstAgain teammates and clients to the SunTrust family of companies." Mr. Dinsmore noted that SunTrust clients will benefit from innovative enhancements to SunTrust's online lending platform as it builds on FirstAgain's industry-leading capabilities.

"We are excited about joining the SunTrust family," said Gary Miller, FirstAgain's CEO. "As part of SunTrust, we will be able to scale our technology to bring innovative product offerings to new and existing SunTrust clients."