Kudos are in order for Longboat Key resident Margaret Callihan, who was recently promoted to chairwoman, president and CEO of the South Florida Division of SunTrust Bank, based in Fort Lauderdale. She is the first woman to hold this position with SunTrust.
For the past seven years, Callihan has overseen the bank’s Sarasota-based Southwest Florida regional chairman, which includes five counties, spanning from Bradenton to Naples. In addition, she’s known locally for her involvement with Community Foundation of Sarasota County, USF Sarasota-Manatee and the Economic Development Corporation of Sarasota County.
Callihan started her new job Monday, Jan. 7, and is commuting on weekends to her home in Bay Isles for the time being. At the end of the school year, she and her husband, Matt, a math instructor at Sarasota Military Academy, intend to move to Fort Lauderdale.
“It’s always exciting to take on a new challenge and meet new people,” Callihan told the Longboat Observer. “South Florida is a diverse, high opportunity market with tremendous growth potential in all segments, especially commercial and business banking. I’m looking forward to helping build our business in these important and high growth markets and to engaging in these dynamic communities.”