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2001 Archives

Dec 27, 2001

SunTrust Banks, Inc. announced today that it will release third quarter results prior to the market opening on Wednesday, January 9, 2002. SunTrust management will host a conference call on...

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Dec 11, 2001

SunTrust Banks, Inc. today unveiled "My Solutions," a free, customizable Web portal on www.suntrust.com . The new service allows clients to view financial information, access SunTrust's Online...

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Dec 10, 2001

SunTrust Banks, Inc. today announced the appointment of Martin Ted Mayden to oversee SunTrust's Merchant Banking and Principal Investing activities including SunTrust Equity Partners and Union...

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Dec 7, 2001

SunTrust Banks, Inc. today announced it has issued a public offering of $300 million aggregate principal amount of 7.05% trust preferred securities. The proceeds of the transaction will be used...

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Dec 4, 2001

SunTrust Banks, Inc. has introduced "Online Treasury Manager," a new Internet delivery channel which provides business clients with quicker and more convenient access to SunTrust's treasury...

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Dec 4, 2001

SunTrust Banks, Inc. today announced that its Receivables Capital Management unit, formerly known as SunTrust Bank Factoring, has opened a new office in High Point, N.C., and enhanced the...

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Dec 4, 2001

SunTrust Banks, Inc. announced today its plans to divest seven of the 106 branches it will purchase from Huntington Bancshares, Inc. . The divestiture represents approximately $160 million in...

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Nov 30, 2001

SunTrust Banks, Inc. will present at the Goldman Sachs 12th Annual Bank CEO Conference on Wednesday, December 5, 2001, at 1:30 p.m. Eastern Standard Time. L. Phillip Humann, Chairman, President...

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Nov 14, 2001
New Brokerage Division and Expansion of Asset Management Advisors Reflect Corporate Focus on Growth Market

SunTrust Banks, Inc. today announced two new developments in the continuing enhancement of its capabilities to serve the high net worth market. The moves are: * The creation of a new, full-service...

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Nov 13, 2001

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on December 14, 2001, to shareholders of record...

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Nov 6, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 5.00% from 5.50%, effective Wednesday, November 7. The prime rate is a benchmark used to set interest rates on various forms...

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Oct 10, 2001

SunTrust Banks, Inc. announced today the issuance of $250 million of Fixed Rate Capital Trust Pass-through Securities ("TRUPS"). The proceeds of the transaction will be used for general corporate...

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Oct 10, 2001

SunTrust Banks, Inc. today reported record operating income for the third quarter of 2001 of $354.3 million, up 7% from the third quarter of 2000. Operating income per diluted share was $1.22, up...

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Oct 2, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 5.50% from 6.00%, effective Wednesday, October 3. The prime rate is a benchmark used to set interest rates on various forms...

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Sep 26, 2001
Purchase of Huntington Florida Units Enhances Position in Key Growth Markets

SunTrust Banks, Inc. today announced an expansion of its Florida banking activities through the acquisition of the Florida banking franchise of Huntington Bancshares, Inc. . Specifically, SunTrust...

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Sep 24, 2001

SunTrust Banks, Inc. announced today that it will release third quarter results prior to the market opening on Wednesday, October 10, 2001. SunTrust management will host a conference call on...

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Sep 19, 2001
New Division Will Provide M & A Advice to Commercial Clients

SunTrust Banks, Inc. announced today the formation of SunTrust R-H Advisors, a new organizational unit which will provide dedicated merger and acquisition advisory services to SunTrust's...

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Sep 17, 2001

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

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Sep 6, 2001

SunTrust Banks, Inc. will present at the Merrill Lynch Banking and Financial Services Investor Conference on Monday, September 10, 2001 at 4:45 p.m. Eastern Daylight Time. L. Phillip Humann,...

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Sep 6, 2001

SunTrust Mortgage, Inc., a wholly-owned subsidiary of SunTrust Banks, Inc. , announced today a new business-to-business web site that has enhanced the mortgage origination and approval process for...

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Aug 21, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 6.50% from 6.75%, effective August 22, 2001. The prime rate is a benchmark used to set interest rates on various forms of...

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Aug 14, 2001

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on September 14, 2001 to shareholders of record...

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Jul 6, 2001

SunTrust Banks, Inc. today reported record net income for the second quarter of 2001 of $347.1 million, up 9% from the second quarter of 2000. Net income per diluted share was $1.19, up 13% from...

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Jul 2, 2001

SunTrust Banks, Inc. today announced the creation of www.SunTrustWachoviaProposal.com , a website resource for Wachovia and SunTrust shareholders, employees and customers. The website highlights...

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Jun 27, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 6.75 % from 7.00 %, effective June 28, 2001. The prime rate is a benchmark used to set interest rates on various forms of...

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