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Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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SunTrust’s local mortgage staff forms new venture

Philip King

Ten former members of the SunTrust Mortgage office in Fredericksburg’s Central Park Corporate Center left the firm at the end of June to start a new venture.

Philip King, Mac Church and their support staff have started a local mortgage office for Atlanta-based Fidelity Bank. King, who was with SunTrust for 19 years, will manage the new branch.

Fidelity’s local office opened this month in temporary space at 1320 Central Park Blvd., not far from the SunTrust office. The Fidelity staff will move this fall to a more-permanent home in about 4,000 square feet at 1440 Central Park Blvd.

SunTrust spokesman Hugh Suhr said in an email that “Fredericksburg continues to be an important market” for the bank. He said SunTrust will select a new manager for its mortgage office at 1340 Central Park Blvd. and add personnel to try to make it a smooth transition for clients.

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