Tim Schar
Tim Schar

Tim Schar

President - Tampa Market

Truist

Tim is the Tampa Market President for SunTrust Bank now Truist. He provides leadership for our Community Commercial Bank team serving communities in Tampa Bay and manages the commercial banking team that serves the financing, treasury and advisory needs of commercial, small businesses and not-for-profit organizations. Tim also represents SunTrust now Truist in the Tampa Bay community as an active member of boards, organizations and charities.

Tim has over twenty five years of experience in investment banking, capital markets, M&A and commercial lending. Prior to joining SunTrust, he worked in investment banking at Bear Stearns, Credit Suisse, Wachovia/Wells Fargo. Tim has advised public and private companies on financing and strategic transactions across multiple industries and geographies, with significant expertise in software, semiconductors, media, telecom, fintech, healthcare and industrial sectors. Tim also held leadership positions, including Head of Convertibles and Equity Derivatives Group at Wachovia (2002 – 2007), Managing Director of Global Market Solutions at Credit Suisse (2007-2009) and Head of Tech, Media Telecom Equity Capital Markets at Wells Fargo (2010 – 2016). In these roles, he built and managed high-performing teams and focused on originating and executing complex capital markets transactions.

Immediately prior to joining SunTrust now Truist, Tim was Chief Financial Officer and Chief Compliance Officer for ApplePie Capital, a leading FinTech marketplace lender focused on franchised businesses. He also served as VP of Finance and CFO at ServiceSource International, the leading revenue-management company to technology companies, before its successful IPO in 2011.

Since relocating to Tampa from San Francisco in 2018, Tim has become actively involved in the Tampa Bay community and has contributed considerable time and efforts to local philanthropic and economic development groups, including:

  • Junior Achievement Tampa Bay (Board Member)
  • Tampa Bay Partnership (Board of Governors; Chair of the Regional Development Survey Task Force; Chair of Racial Equity Task Force)
  • Tampa Hillsborough EDC (Executive Committee, Board Member)
  • Synapse (Chairman of the Board of Directors and Chairman of Activation Board)
  • Tampa Preparatory School (Board of Trustees)
  • SKUx.io (Advisory Board Member)

Tim has also partnered with local technology executives to create the SunTrust Foundation/Synapse Innovation Challenge, which enables non-profit organizations to utilize crowdsourcing to develop needed technology solutions and create technology jobs.

Tim received a BA degree in Economics, with concentrations in Mathematics and Computer Science, from Macalester College.

Tim and his wife are raising four daughters and live in Tampa, Florida. When he is not working or spending time with his family, he enjoys reading, cycling, running, swimming and skiing.