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2008 Archives

Apr 22, 2008

SunTrust Banks, Inc. and Subsidiaries CONSOLIDATED DAILY AVERAGE BALANCES, AVERAGE YIELDS EARNED AND RATES PAID (Dollars in millions; yields on taxable-equivalent basis) (Unaudited) Three Months...

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Apr 17, 2008

Symcor Inc., a North American leader in payment financial transaction processing and SunTrust Banks, Inc. one of the largest financial institutions in the United States, today announced they have...

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Apr 11, 2008
Enterprise Spend Platform(sm) First End-to-End, Scalable, Web-based Card Management Solution

SunTrust Banks, Inc. today announced the launch of Enterprise Spend Platform, an industry-leading end-to-end commercial card management solution, offering businesses, government entities and...

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Mar 31, 2008

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

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Mar 27, 2008

SunTrust Banks, Inc. announced today that it has attained Preferred Lender status with the U.S. Small Business Administration for its Export Working Capital Program (EWCP). According to the SBA,...

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Mar 18, 2008

SunTrust Bank announced today it has lowered its prime lending rate to 5.25% from 6.00%, effective March 18, 2008. The prime rate is a benchmark used to set interest rates on various forms of...

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Mar 14, 2008

SunTrust Robinson Humphrey, Inc., a wholly-owned subsidiary of SunTrust Banks, Inc., has named Horace J. Zona III as managing director and head of its Media and Communications Corporate and...

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Mar 10, 2008
New Name Reflects Enhanced Multi Boutique Asset Management Structure

Trusco Capital Management, Inc. ("Trusco") announced today that on March 31, 2008, it will become RidgeWorth Capital Management, Inc. ("RidgeWorth"), an SEC-registered investment adviser serving...

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Feb 15, 2008
Succeeds Former CEO L. Phillip Humann Who Will Retire in 2009 as part of "Long-Planned Process"

The Board of Directors of SunTrust Banks, Inc. announced today that James M. Wells III, the Company's President and Chief Executive Officer since January 2007, will assume the additional role and...

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Feb 12, 2008

The Board of Directors of SunTrust Banks, Inc. today announced a 5% increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.77 per common share was declared payable on...

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Jan 30, 2008

SunTrust Bank announced today it has lowered its prime lending rate to 6.00% from 6.50%, effective January 30, 2008. The prime rate is a benchmark used to set interest rates on various forms of...

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Jan 25, 2008

SunTrust Banks, Inc. will present at the 2008 Citigroup Financial Services Conference in New York City on Tuesday, January 29, 2008 at 10:30 AM Eastern Time. James M. Wells III, President and...

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Jan 23, 2008

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

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Jan 23, 2008
Results Reflect Industry Pressures: Credit Cycle & Market Valuation Write- Downs

SunTrust Banks, Inc. reported net income available to common shareholders of $1,603.7 million, or $4.55 per average common diluted share for 2007 compared to $2,109.7 million, or $5.82 per average...

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Jan 22, 2008

SunTrust Bank announced today it has lowered its prime lending rate to 6.50% from 7.25%, effective January 22, 2008. The prime rate is a benchmark used to set interest rates on various forms of...

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Jan 10, 2008

The STI Classic Funds announced the addition of three 130/30 mutual funds to its fund family. The three funds -- International Equity 130/30 Fund, Real Estate 130/30 Fund and U.S. Equity 130/30...

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Jan 4, 2008

SunTrust Banks, Inc. announced today that it plans to release fourth quarter 2007 results prior to the market opening on Wednesday, January 23, 2008. SunTrust management will host a conference...

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Jan 3, 2008

Trusco Capital Management, Inc. ("Trusco") announced today that it has signed a definitive agreement to acquire a minority equity interest in Alpha Equity Management LLC ("Alpha Equity"). Alpha...

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