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2007 Archives

Dec 11, 2007

SunTrust Bank announced today it has lowered its prime lending rate to 7.25% from 7.50%, effective December 11, 2007. The prime rate is a benchmark used to set interest rates on various forms of...

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Dec 6, 2007

Trusco Capital Management, Inc. today announced that James E. Stueve, CFP®, CIMA® has been named to the newly created position of Managing Director of Consultant and Financial Intermediary...

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Nov 28, 2007

SunTrust Banks, Inc. has promoted David Fuller, Division Manager of SunTrust Treasury & Payment Solutions, to Executive Vice President. Mr. Fuller's responsibilities include directing the bank's...

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Nov 15, 2007

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

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Nov 13, 2007

SunTrust Banks, Inc. will present at the Merrill Lynch Banking & Financial Services Conference on Thursday, November 15, 2007 at 11:20 AM Eastern Time. Mark A. Chancy, Corporate Executive Vice...

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Nov 6, 2007

SunTrust Banks, Inc. will present at the BancAnalysts Association of Boston Conference on Friday, November 9, 2007 at 7:30 AM Eastern Time. James M. Wells III, President and Chief Executive...

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Nov 5, 2007
SunTrust and NSBA Foil Fraud survey reveals that business owners in the Southeast look to banks and financial institutions for guidance

Eighty-four percent of small business owners are concerned about fraud in connection to their business finances. This is according to survey results jointly released today by SunTrust Banks, Inc....

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Nov 2, 2007
Transaction Expands SunTrust Reach in Fast-Growing Atlanta Suburbs

SunTrust Banks, Inc. and GB&T Bancshares, Inc. announced today the signing of a definitive agreement under which SunTrust will acquire GB&T and thus bolster its presence in several high-growth...

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Oct 31, 2007

SunTrust Bank announced today it has lowered its prime lending rate to 7.50% from 7.75%, effective October 31, 2007. The prime rate is a benchmark used to set interest rates on various forms of...

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Oct 25, 2007
Clients Can Now Donate SunPoints Rewards to Charitable Organizations

SunTrust Banks, Inc. announced today that it is empowering clients to give back to their communities on an ongoing basis through its SunPoints for Charity program. Clients who have a SunTrust Visa...

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Oct 25, 2007
Partnership marks beginning of campaign to help small businesses combat fraud

SunTrust Banks, Inc. , today, announced a strategic partnership with the National Small Business Association (NSBA) designed to survey small business owners on how they protect themselves against...

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Oct 18, 2007

Statement of Income Net interest income $571,995 $582,523 (1.8)% FTE adjustment 33 33 - Net interest income - FTE 572,028 582,556 (1.8) Provision for loan losses(1) 71,777 26,452 NM Net interest...

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Oct 18, 2007

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

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Oct 18, 2007
Company Says Progress on Key Performance Initiatives Overshadowed by Earnings Impact of Challenging Market Conditions

SunTrust Banks, Inc. today reported net income available to common shareholders for the third quarter of 2007 of $412.6 million compared to $535.6 million in the third quarter of 2006. Net income...

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Oct 11, 2007

SunTrust Banks, Inc. has been ranked "Highest in Customer Satisfaction among Home Equity Line of Credit/Loan Servicers" according to a recent study conducted by J.D. Power and Associates. Twenty...

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Oct 10, 2007

SunTrust Banks, Inc. has been selected by the U. S. Treasury Department's Community Development Financial Institutions Fund to receive $100 million in tax credit allocation authority in the 2007...

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Oct 4, 2007
Key Concern Is Having Enough Money to Maintain Lifestyle After the Transition

Love it or leave it. That's how many business owners view their companies, according to a recent survey released today by SunTrust Bank Private Wealth Management. Nearly 70% of those surveyed said...

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Sep 27, 2007

SunTrust Banks, Inc. announced today that it plans to release third quarter 2007 results prior to the market opening on Thursday, October 18, 2007. SunTrust management will host a conference call...

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Sep 27, 2007

SunTrust Banks, Inc. announced today that its Core Commercial banking unit has earned a 2007 Georgia Focus Recognition award from the Georgia Oglethorpe Award Process, Inc. The Georgia Focus...

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Sep 18, 2007

SunTrust Bank announced today it has lowered its prime lending rate to 7.75% from 8.25%, effective September 18, 2007. The prime rate is a benchmark used to set interest rates on various forms of...

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Sep 13, 2007

SunTrust Banks, Inc. has announced that veteran SunTrust banker Barry L. Henderson has been named President and Chief Executive Officer of its Western Virginia Region based in Roanoke. He succeeds...

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Sep 11, 2007

SunTrust Banks, Inc. announced today that it has earned two awards for excellence in client satisfaction. The national recognition -- for providing overall banking services and cash management...

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Sep 7, 2007

SunTrust Banks, Inc. will present at the Lehman Brothers Financial Services Conference in New York on Tuesday, September 11, 2007 at approximately 4:30 PM Eastern Time. James M. Wells III,...

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Sep 7, 2007
Announces Technology Agreement with CheckFree

SunTrust Banks, Inc. today announced its plan to introduce a new investment platform in 2008 for the approximately 250,000 clients served by the bank's Wealth & Investment Management line of...

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Sep 4, 2007

SunTrust Banks, Inc. today announced that Steven P. Shriner has been named Director of Investor Relations. In this capacity, he will oversee SunTrust's communications and relationships with equity...

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