Greg Stites

Greg Stites
Senior Vice President Business Development Officer

3801 N Capital of Texas Hwy

Austin, TX 78746-1412

greg.stites@truist.com

Phone 512-676-5542

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About me

Background

Greg Stites is a Business Development Officer with Truist Corporate Trust & Escrow Services, offering clients more than 30 years of banking experience, with 23 years of background in Debt Trustee and Escrow product offerings. Greg joined Truist Bank in June 2022, having previously worked in Corporate Trust divisions at Wells Fargo, Wilmington Trust and Bank One, with prior lending, workout and portfolio acquisition roles at GE Capital and Normura Asset Capital. Greg brings a focused depth of knowledge in DCM Trustee products, M&A Escrow and Paying Agent services, along with experience in 1031 Like Kind Exchange services, Insurance Trust products, along with Structured and Lease products.

Education

Bachelor of Business Administration – Finance
Texas A&M University 1992

Personal Interests

Greg is active in BSA Scouts Troop 990 in Austin, TX, serving as an Assistant Scout Master for the Troop since 2019. During that time, he participated and helped lead the Troop on an 80-mile backpacking trek at Philmont Scout Ranch in New Mexico in June 2022 and a 100-mile canoe trek at Northern Tier Scout Ranch in the Boundary Waters of Minnesota in June 2021. Greg enjoys playing golf and fly-fishing, and spending time with his wife, Julie, and two children, Corrine (18), a freshman at the University of Tennessee, and Grant (16), a sophomore at Westlake High School in Austin. 

Specialties

  • A full range of premium banking options, including credit cards, personal and business lending, mortgages, home equity lines of credit, luxury and estate lending, and more

  • Innovative, customized risk management strategies and solutions in partnership with McGriff and Truist Life Insurance Services, designed to protect every facet of your assets and income.

  • Trust formation and planning strategies, corporate trustee and executor services, trust administration and management, successor and irrevocable life insurance trustee, Delaware and dynasty trusts

  • An independent third-party agent who ensures that issuers perform their obligations to bondholders according to the terms of the indenture

  • An agent who facilitates the pledge of cash or assets to support reinsurance obligations through a trust arrangement

  • An independent third-party agent who holds funds or assets until the requirements contained in the escrow agreement have been met

  • An agent designated to hold and safeguard assets (typically cash and/or securities) on behalf of one or multiple parties

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