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2008 Archives

Aug 18, 2008

Ceredex Value Advisors LLC, an Orlando, Florida-based institutional investment management firm specializing in managing value equity portfolios, has been established as an investment adviser...

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Aug 14, 2008

Certium Asset Management LLC, an institutional investment management firm that manages international and quantitative equity portfolios, has been established as an investment adviser registered...

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Aug 12, 2008

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.77 per common share. The dividend is payable on September 15, 2008, to shareholders of record...

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Aug 4, 2008

The RidgeWorth Funds Board of Trustees approved the reopening of the RidgeWorth Small Cap Value Equity Fund, effective August 1, 2008. The Fund, which is ranked in the 1st Quartile of its Lipper...

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Aug 1, 2008
SunTrust Says Company 'Pleased to Support FDIC in Resolving Problematic Situation'

SunTrust Banks, Inc. announced today that it has acquired from the Federal Deposit Insurance Corporation (FDIC) approximately $225 million in FDIC-insured deposits of First Priority Bank of...

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Jul 28, 2008
Enterprise Spend Platform(SM) Provides Added Functionality and Controls to Address Travel & Expense Management and Compliance Needs

SunTrust Banks, Inc. debuted new enhancements to its commercial card business management solution, Enterprise Spend Platform, today at the National Business Travel Association (NBTA) International...

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Jul 22, 2008
Company Announces Completion of Transactions Regarding its Holdings in Common Stock of The Coca-Cola Company Resulting in an Increase in Regulatory Capital

SunTrust Banks, Inc. today reported net income available to common shareholders of $535.3 million for the second quarter of 2008, or $1.53 per average common diluted share, compared to $673.9...

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Jul 22, 2008

SunTrust Banks, Inc. and Subsidiaries FIVE QUARTER OTHER FINANCIAL DATA (Dollars in thousands) (Unaudited) Three Months Ended June 30 March 31 Increase/(Decrease) 2008 2008 Amount % (1) CREDIT...

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Jul 22, 2008

SunTrust Banks, Inc. and Subsidiaries FINANCIAL HIGHLIGHTS (Dollars in millions, except per share data) (Unaudited) Three Months Ended June 30 % 2008 2007 Change EARNINGS & DIVIDENDS Net income...

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Jun 20, 2008

In response to recent market activity and commentary, SunTrust Banks, Inc. today is reaffirming certain statements made in recent months: i) Second quarter 2008 net charge-offs are expected to be...

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Jun 18, 2008

SunTrust Banks, Inc. announced today that it plans to release second quarter 2008 results prior to the market opening on Tuesday, July 22, 2008. SunTrust management will host a conference call...

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Jun 17, 2008
Offers Businesses Same-day Credit for Deposits Made Until 8:30 p.m. ET

SunTrust Banks, Inc. announced today that it has extended the daily deposit cut-off time for its Online Check Deposit service from 5:30 p.m. until 8:30 p.m. ET -- a market-leading deadline. This...

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Jun 16, 2008

Silvant Capital Management LLC, an institutional investment management firm specializing in managing growth equity portfolios, has been established as an investment adviser registered with the SEC...

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Jun 11, 2008
SunTrust survey reveals high net worth business owners are attracted to philanthropies that ignite their passion, demonstrate good stewardship

For business owners, personal passion -- not personal reward -- drives philanthropic involvement, according to a survey released today by SunTrust Bank Private Wealth Management. The national...

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Jun 5, 2008
Investment Consultants Simplify Process through Customized Planning, Long-term Guidance

SunTrust Investment Services, a subsidiary of SunTrust Banks, Inc. , today announced a new, coordinated multi-channel approach to retirement planning called Retirement GamePlan™ which provides...

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May 27, 2008

SunTrust Investment Services (STIS), a subsidiary of SunTrust Banks, Inc., , announced today that Sabina Lien, a STIS Private Financial Advisor, will be appearing as a guest on three upcoming...

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May 27, 2008

Alpha Equity Management, LLC ("Alpha Equity"), an investment management firm specializing in long/short equity strategies, and The Praedium Group LLC ("Praedium"), a leading real estate company...

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May 14, 2008
Fraud Inspector, winner of Barlow Research Monarch Innovation Award, helps business owners identify and protect against fraud

As a result of its ongoing commitment to address the challenges business owners face by delivering innovative and practical solutions, SunTrust Banks, Inc. earned the Barlow Monarch Innovation...

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May 13, 2008

SunTrust Banks, Inc. today announced that it has named Rilla Delorier, 41, Chief Marketing Officer effective June 1, 2008. She is succeeding Craig Kelly, 62, who is retiring following a 34-year...

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May 7, 2008

SunTrust Banks, Inc. will present at the UBS Global Financial Services Conference in New York City on Tuesday, May 13, 2008 at 10:25 AM Eastern Time. James M. Wells III, Chairman, President and...

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May 6, 2008

SunTrust Banks, Inc. has announced that its unit focused on community development has been rebranded from SunTrust Community Development Corporation to SunTrust Community Capital, effective May 1....

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May 1, 2008

SunTrust Banks, Inc. today announced the completion of its previously announced acquisition of GB&T Bancshares, Inc. enhancing SunTrust's presence in high-growth Georgia markets including the...

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Apr 30, 2008

SunTrust Bank announced today it has lowered its prime lending rate to 5.00% from 5.25%, effective April 30, 2008. The prime rate is a benchmark used to set interest rates on various forms of...

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Apr 29, 2008

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.77 per common share. The dividend is payable on June 13, 2008, to shareholders of record on...

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Apr 22, 2008
Credit Costs Impact Results as Company Points to Underlying Progress and Financial Strength

SunTrust Banks, Inc. today reported net income available to common shareholders for the first quarter of 2008 of $283.6 million, or $0.81 per average common diluted share, compared to $513.9...

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