SunTrust to close several wholesale branches around the country

SunTrust is planning on closing their Denver, Dallas and Richmond wholesale branches within the next 60 days according to a highly reliable source. From the SunTrust Web site: SunTrust Mortgage, Inc. is a wholly-owned subsidiary of SunTrust Bank - a $180.3 billion financial institution operating in Virginia, the District of Columbia, Maryland, North Carolina, South Carolina, Georgia, Alabama, Tennessee and Florida. Currently, SunTrust Mortgage, Inc. originates loans through 214 locations in SunTrust markets and adjacent states, maintains correspondent and broker relationships in 49 states and services loans in 50 states and the District of Columbia. We'll provide more details as they come available; but for now just more of the same. Wholesale branches seem to be the first on the chopping