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2007 Archives

Aug 28, 2007
New poll finds most Americans regularly donate to charitable organizations; Support focuses on religious groups, poverty and disaster relief

While nine in 10 Americans regularly donate to charitable causes, a new survey indicates that women are more likely to give than men, and that older Americans are more generous with their cash...

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Aug 20, 2007
Company Outlines Results of Organizational Design Effort

SunTrust Banks, Inc. today outlined significant progress in the Organizational Design component of its previously announced -- and ongoing -- program to enhance shareholder value and the client...

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Aug 17, 2007

SunTrust Banks, Inc. has received a total of $8.3 million in Affordable Housing Program (AHP) grants and subsidies from the Federal Home Bank of Atlanta. The awards will be used to help fund 759...

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Aug 14, 2007

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.73 per common share. The dividend is payable on September 14, 2007, to shareholders of record...

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Aug 10, 2007
One-third say transitioning wealth to the next generation is a major financial concern

Knowing if the money will last long enough weighs on the minds of wealthy business owners. And almost one- third indicate they are still undecided on their succession plan, according to a new...

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Aug 1, 2007

SunTrust Banks, Inc. today announced the launch of My Cause, a deposit-generation incentive program that offers clients a unique choice. When they open a new SunTrust personal or business checking...

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Jul 27, 2007

SunTrust Banks, Inc. has introduced GamePlan, a free service to help individuals get started onto a path to a more secure retirement. Found online at www.suntrust.com/gameplan , the service...

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Jul 19, 2007
Efficiency and Productivity Initiatives and Balance Sheet Management Strategies Contribute to Earnings Per Share of $1.89; Includes $0.41 Per Share Gain on Partial Sale of The Coca-Cola Company Stock

SunTrust Banks, Inc. today reported net income available to common shareholders for the second quarter of 2007 of $673.9 million compared to $544.0 million in the second quarter of 2006. Net...

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Jul 19, 2007

SunTrust Banks, Inc. and Subsidiaries RECONCILEMENT OF NON-GAAP MEASURES APPENDIX A TO THE EARNINGS RELEASE (Dollars in thousands) (Unaudited) Three Months Ended June 30 March 31 December 31 2007...

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Jul 2, 2007

SunTrust Banks, Inc. announced today that it plans to release second quarter 2007 results prior to the market opening on Thursday, July 19, 2007. SunTrust management will host a conference call...

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Jun 26, 2007

SunTrust Banks, Inc. today announced that Robert H. Coords, who is 64, will retire as the Company's Chief Risk Officer on July 1, 2007 following a 34-year career. Succeeding Mr. Coords as Chief...

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Jun 26, 2007
Online Courier Provides Automated Delivery of Critical Information in Real Time

SunTrust Banks, Inc. announced today enhancements to Online Courier, its industry- leading electronic information reporting delivery service. Online Courier provides automated delivery of balance...

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Jun 25, 2007
SunTrust Mortgage, Inc. Partners in Launch of National Foreclosure Prevention Awareness Campaign

SunTrust Mortgage President & CEO Sterling Edmunds, Jr. issued the following statement in conjunction with the launch of the National Foreclosure Prevention Awareness Campaign announced today by...

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Jun 15, 2007
Moves Balance Strong Local Market & Client Focus with Efficiency Goals

In the latest steps in the Company's previously announced -- and ongoing -- program to enhance shareholder value by pursuing specific productivity and efficiency-related initiatives, SunTrust...

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May 30, 2007

According to a recently published proprietary research report from SunTrust Banks Inc. for its business banking clients, entitled "Leverage Your Time. Three Steps to Finding the Free Time to...

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May 15, 2007

SunTrust Banks, Inc. will present at the Lehman Brothers Financial Services Conference in London on Thursday, May 17, 2007 at approximately 9:40 AM Eastern Time. Mark A. Chancy, corporate...

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May 15, 2007
Company Sees Additional 30% Cost Savings & Faster Pace from Efficiency Program; Partial Sale of Coca-Cola Shares Reflects Capital Optimization Focus

SunTrust Banks, Inc. announced today a series of initiatives representing an acceleration and expansion of the Company's increasingly intensive drive to enhance shareholder value. These...

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May 11, 2007

SunTrust Banks, Inc. will present at the 2007 UBS Global Financial Services Conference on Tuesday, May 15, 2007 at 11:40 AM Eastern Time. James M. Wells III, president and chief executive officer...

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May 9, 2007

SunTrust Banks Inc. has announced that veteran SunTrust banker John Frazer has been named President and Chief Executive Officer of the company's Memphis Region effective May 9, 2007. The Memphis...

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Apr 17, 2007

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.73 per common share. The dividend is payable on June 15, 2007 to shareholders of record on...

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Apr 17, 2007
Balance Sheet Management Strategies and Strong Results from the E2 Efficiency and Productivity Initiatives Provide Benefits in the Quarter

SunTrust Banks, Inc. today reported net income available to common shareholders for the first quarter of 2007 of $513.9 million compared to $531.5 million in the first quarter of 2006. Net income...

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Apr 13, 2007

According to a recently published proprietary research report from SunTrust Banks Inc. for its business banking clients, a well thought-out growth plan with steps to communicate it broadly within...

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Mar 30, 2007

SunTrust Banks, Inc. announced today that it plans to release first quarter 2007 results prior to the market opening on Tuesday, April 17, 2007. SunTrust management will host a conference call on...

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Mar 5, 2007
Cardholders Can Earn SunPoints with New Rewards Program

SunTrust Banks, Inc. today announced it has launched new SunTrust-branded Visa consumer credit cards with low introductory rates -- the SunTrust Visa Signature with SunTrust Rewards; the SunTrust...

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Mar 1, 2007
Increased Loan Loss Provision Reflected in Revised '06 Results Reported in Form 10-K

In its 2006 Form 10-K filed today, SunTrust Banks, Inc. reported net income available to common shareholders of $2,109.7 million, or $5.82 per diluted common share, for the year ended December 31,...

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