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2004 Archives

Sep 15, 2004
Federal Reserve Approval for Merger Also Received

SunTrust Banks, Inc. and National Commerce Financial Corporation announced that, at separate meetings today, their respective shareholders approved the merger of the two companies. 191,434,183...

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Sep 1, 2004

SunTrust Banks, Inc. will present at the Lehman Brothers 2004 Financial Services Conference on Monday, September 13, 2004 at 2:15 p.m. Eastern Time. L. Phillip Humann, chairman, president and...

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Aug 10, 2004

SunTrust Bank announced today it has increased its prime lending rate to 4.50% from 4.25%, effective August 10. The prime rate is a benchmark used to set interest rates on various forms of...

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Aug 10, 2004

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on September 15, 2004 to shareholders of record...

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Aug 10, 2004
Company Cites 'Continuity in Conservative Financial Stewardship'

SunTrust Banks, Inc. today announced that John W. Spiegel will retire as the Company's Chief Financial Officer following a 40-year career. Mr. Spiegel, 63, joined the Company in 1965, was named...

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Aug 4, 2004

SunTrust Banks, Inc. and National Commerce Financial Corporation announced today that each company will hold separate meetings of its shareholders on September 15, 2004, at which time NCF's...

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Jul 19, 2004

SunTrust Banks, Inc. and National Commerce Financial Corporation today announced the organizational configuration and senior management appointments for key banking markets in the companies'...

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Jul 12, 2004
Strong Results Reflect Healthy Revenue Growth, Good Balance of Earnings Components

SunTrust Banks, Inc. today reported net income for the second quarter of 2004 of $364.8 million, up 10% from the $330.4 million earned in second quarter of 2003. Net income per diluted share was...

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Jul 1, 2004

SunTrust Bank announced today it has increased its prime lending rate to 4.25% from 4.00%, effective Thursday, July 1. The prime rate is a benchmark used to set interest rates on various forms of...

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Jun 23, 2004

SunTrust Banks, Inc. has expanded its Treasury Management services with the introduction of an industry-leading payroll card solution that offers distinct advantages over traditional stored-value...

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Jun 19, 2004

SunTrust Banks, Inc. announced today a multi-year agreement with the National Association for Stock Car Auto Racing (NASCAR) to become the "Official Bank of NASCAR." SunTrust's relationship with...

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Jun 16, 2004

SunTrust Banks, Inc. announced today that it will release second quarter results prior to the market opening on Monday, July 12, 2004. SunTrust management will host a conference call on July 12,...

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May 27, 2004

SunTrust Banks, Inc. will present at the Sanford C. Bernstein & Co. 2004 Strategic Decisions Conference on Thursday, June 3, 2004 at 8:00 a.m. Eastern Time. L. Phillip Humann, chairman, president...

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May 10, 2004

SunTrust Banks, Inc. said today that L. Phillip Humann, chairman, president and chief executive officer of SunTrust Banks, Inc., William R. Reed, Jr., president and chief executive officer of...

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May 9, 2004
Transaction Creates Incomparable High-Growth Franchise in Southeast US, Underscores SunTrust Focus on 'Growth, Performance and Shareholder Value'

SunTrust Banks, Inc. and National Commerce Financial Corporation announced today the signing of a definitive merger agreement, leading to the creation of an incomparable financial services...

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May 5, 2004

SunTrust Banks, Inc. will present at the UBS 2004 Global Financial Services Conference on Tuesday, May 11, 2004 at 11:40 a.m. Eastern Time. L. Phillip Humann, chairman, president and chief...

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May 3, 2004

SunTrust Banks, Inc., announced today that its commercial leasing subsidiary, SunTrust Leasing Corporation, has opened five new offices in key U.S. markets. The new offices are located in Boston,...

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Apr 29, 2004

SunTrust Bank announced today a series of new product and service introductions designed to build upon its strength in providing treasury management services to its commercial and corporate...

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Apr 20, 2004

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on June 15, 2004 to shareholders of record at the...

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Apr 20, 2004

SunTrust Banks, Inc. , Chairman, President and Chief Executive Officer L. Phillip Humann announced today that Jeffrey C. Crowe and Robert M. Beall, II have been elected to SunTrust's Board of...

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Apr 13, 2004
Combined Organization to Rank Among Nation's Top Institutional Money Managers

SunTrust Banks, Inc. , the holding company for Trusco Capital Management, Inc. ("Trusco") announced today that Trusco has signed a definitive agreement to acquire Seix Investment Advisors...

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Apr 8, 2004
Company Cites "Another Quarter" of Positive Performance Trends, Good Bottom Line Results

SunTrust Banks, Inc. today reported net income for the first quarter of 2004 of $358.5 million, up 9% from the first quarter of 2003. Net income per diluted share was $1.26, up 8% from the $1.17...

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Apr 2, 2004

The STI Classic Funds and Trusco Capital Management Inc., adviser to the STI Classic Funds, announce that the Small Cap Value Equity Fund and Variable Trust Fund ("the Funds") will close to new...

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Mar 5, 2004

SunTrust Banks, Inc. announced today that it will release first quarter results prior to the market opening on Thursday, April 8, 2004. SunTrust management will host a conference call on April 8,...

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