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2006 Archives

Jun 29, 2006

SunTrust Bank announced today it has increased its prime lending rate to 8.25% from 8.00%, effective June 29, 2006. The prime rate is a benchmark used to set interest rates on various forms of...

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Jun 26, 2006

James P. Foster and Stuart F. Van Arsdale, CFA have been named as portfolio managers for Trusco's small cap growth equity team and the STI Classic Small Cap Growth Fund. They join others on the...

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Jun 18, 2006

ACME will sponsor the biggest marathon in the World starting in 2007. Blah, blah, blah, blah

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Jun 2, 2006

SunTrust Banks, Inc. will host an Investor Day on Tuesday, June 6, 2006 at the Pierre Hotel in New York City. Presenters include SunTrust Chairman and CEO L. Phillip Humann, President and COO...

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Jun 1, 2006
Additions Underscore Commitment & Growth Plans for Key Business Line

SunTrust Banks, Inc., has announced the addition of several prominent senior-level managing directors within its SunTrust Robinson Humphrey Debt Capital Markets unit. The new executives bring...

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May 24, 2006

SunTrust Banks Inc. has announced that veteran SunTrust banker Tommy Rueger has been named President and Chief Executive Officer of the company's Hampton Roads Region in Virginia, effective August...

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May 19, 2006

SunTrust Banks, Inc., announced it has extended its associate sponsorship of Bill Davis Racing and driver Bill Lester, of the No. 22 blue and orange SunTrust Toyota Tundra in the NASCAR Craftsman...

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May 17, 2006
"Official Bank of NASCAR" Assists Fundraising Efforts to Benefit Charities

SunTrust Banks, Inc., the "Official Bank of NASCAR", announced today that it will be participating in the third annual NASCAR Day on May 19, to help raise funds to benefit more than 25 worthy...

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May 16, 2006
Financial Expertise Caters to These Professionals and Their Practices

SunTrust Banks, Inc. today announced the formation of its Medical and Legal Specialty Groups -- the latest additions to the roster of specialty practices set up within SunTrust's Private Wealth...

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May 12, 2006

SunTrust Banks, Inc. will present at the UBS 2006 Global Financial Services Conference on Tuesday, May 16, 2006 at approximately 2:05 PM Eastern Time. Mark A. Chancy, corporate executive vice...

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May 10, 2006

SunTrust Bank announced today it has increased its prime lending rate to 8.00% from 7.75%, effective May 10, 2006. The prime rate is a benchmark used to set interest rates on various forms of...

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May 8, 2006

SunTrust Banks, Inc. today announced a pilot program under which SunTrust will open two full- service branches targeting small business owners in leased space inside two SAM'S CLUB locations. The...

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May 8, 2006
Consumer Awareness Campaign Turns Spotlight on Identity Theft Prevention

According to a new consumer awareness survey, more than 85 percent of Americans are concerned about the threat of identity theft, yet less than half believe they're taking the right steps to...

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May 5, 2006

SunTrust Banks Inc. has announced that veteran SunTrust banker Spence Broadhurst has been named President of the company's Triad Region in North Carolina, effective July 1, 2006. The Triad Region...

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Apr 18, 2006

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.61 per common share. The dividend is payable on June 15, 2006 to shareholders of record on...

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Apr 17, 2006
Company's Strong Growth Trends Continue in the New Year

SunTrust Banks, Inc. today reported record net income for the first quarter of 2006 of $531.5 million, up 8% from $492.3 million in the first quarter of 2005. Net income per diluted share was also...

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Apr 6, 2006

SunTrust Banks, Inc. announced today that it plans to release first quarter 2006 results prior to the market opening on Monday, April 17, 2006. SunTrust management will host a conference call...

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Apr 3, 2006
Branch Openings Indicate Focus on High-Growth Markets.

SunTrust Banks, Inc. today announced that it has begun opening its first retail branches in Charleston, South Carolina. The initial branch opened today in downtown Charleston and an additional...

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Mar 28, 2006

SunTrust Bank announced today it has increased its prime lending rate to 7.75% from 7.50%, effective March 28, 2006. The prime rate is a benchmark used to set interest rates on various forms of...

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Mar 28, 2006
Will Open New Offices in Orlando, Fla. and Washington D.C.

SunTrust Banks, Inc. today announced the formation of a new Sports and Entertainment division -- an offspring of its former Music and Motor Sports Banking Group. The expanded banking group caters...

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Mar 14, 2006
Recognized for its ability to integrate insurance and investment services

SunTrust Banks, Inc. today announced that its full-service broker affiliate, SunTrust Investment Services, has won the 2005 award for "Best Large Institution Program of the Year" awarded by the...

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Feb 21, 2006

SunTrust Mortgage, Inc. announced today that Anthony "Tuck" Reed has been named executive vice president and head of secondary marketing. In this role, Mr. Reed will oversee all aspects of...

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Feb 14, 2006
Company Says Move Consistent With Dividend Increase Pattern

The Board of Directors of SunTrust Banks, Inc. today announced an 11% dividend increase. A quarterly cash dividend of $0.61 per common share was declared payable on March 15, 2006 to shareholders...

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Feb 14, 2006

Asset Management Advisors (AMA), an affiliate of SunTrust Banks, Inc., said today that in connection with the previously announced hiring of Maria Elena Lagomasino, Michael Holden and Michael...

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Jan 31, 2006

SunTrust Bank announced today it has increased its prime lending rate to 7.50% from 7.25%, effective January 31, 2006. The prime rate is a benchmark used to set interest rates on various forms of...

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