SunTrust Bank Reverses Course, Will Continue Doing Business With the Benham Brothers

Photo: Erik S. Lesser/EPA/Newscom
Photo: Erik S. Lesser/EPA/Newscom

SunTrust Bank will continue to do business with David and Jason Benham, reversing course after the twin brothers publicly announced the bank had cut ties.

SunTrust said a “third party vendor” had misapplied corporate policy in severing ties with the real-estate entrepreneurs — who lost a cable TV show a week ago over their Christian beliefs on marriage and abortion.

Early this afternoon, the Benham brothers put out a statement confirming that SunTrust had pulled all of its listed properties with the Concord, N.C.-based brothers and several franchisees across the nation, the Independent Tribune reported.

“We were caught off-guard with this one,” David Benham said.

But late this afternoon SunTrust released a statement that read, in part:

SunTrust supports the rights of all Americans to fully exercise their freedoms granted under the Constitution, including those with respect to free speech and freedom of religion.

While we do not publicly comment on specific vendor relationships, we don’t make choices on suppliers nor base business decisions on political factors, nor do we direct our third party vendors to do so. We clarified our policies with our vendor and the issue has been resolved.

Click here to read more.

SOURCE: The Foundry
Ken McIntyre

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