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2016 Archives

Dec 21, 2016

ATLANTA – SunTrust Robinson Humphrey (STRH) has been named 2016 U.S. Mid-Market Equity House of the Year by the International Financing Review (IFR). Each year, the IFR Americas Awards recognize...

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Dec 16, 2016

SunTrust Banks, Inc. (NYSE: STI) announced that its subsidiary, SunTrust Bank, has closed on the acquisition of substantially all of the assets of the operating subsidiaries of Pillar Financial,...

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Dec 14, 2016

SunTrust Bank announced today it has increased its prime lending rate to 3.75% from 3.50%, effective December 15, 2016. The prime rate is a benchmark used to set interest rates on various forms of...

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Dec 7, 2016

SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release fourth quarter 2016 results on Friday, January 20, 2017. SunTrust management will host a conference call that morning and...

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Nov 22, 2016
Company provides game plan for guilt-free holiday spending

The SunTrust Banks, Inc. (NYSE: STI) annual Holiday Financial Confidence survey reveals that 43 percent of Americans feel pressure to spend more than they can afford during the holiday season....

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Nov 18, 2016

SunTrust Banks, Inc. (NYSE: STI) has been selected by the U.S. Treasury Department's Community Development Financial Institutions Fund to receive $80 million in tax credit allocation authority in...

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Nov 17, 2016

SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 6, 2016. Time: 1:10 p.m. (Eastern...

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Nov 16, 2016
Eight local non-profits each receive $50,000 grant

To recognize non-profits for the positive impact they make building financial confidence in their communities, the SunTrust Foundation awarded eight organizations with its inaugural "Lighting the...

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Nov 9, 2016

The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.26 per common share. The dividend is payable on December 15, 2016, to shareholders...

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Nov 1, 2016
Plans to bring HOPE Inside financial empowerment to 200 branches by 2020

SunTrust Banks, Inc. (NYSE: STI), a pioneer in offering Operation HOPE Inside financial well-being coaches in its branches, announced today plans to expand the HOPE Inside program from seven...

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Oct 24, 2016

ATLANTA – SunTrust Banks, Inc. (NYSE: STI) announced today that Jenner Wood, corporate executive vice president and Financial Well-Being executive, will retire from the company effective...

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Oct 21, 2016
Diverse Business Model and Continued Execution of Core Strategies Leads to Strong Revenue Growth

SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $457 million, or $0.91 per average common diluted share. This compares to $0.94 for the prior quarter and...

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Oct 20, 2016

SunTrust Banks, Inc. (NYSE: STI) announced today it has signed a definitive agreement to acquire substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC. The assets...

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Oct 12, 2016

When asked which Halloween character best represents their financial state of mind, more than a quarter of Americans surveyed – 27 percent – chose "bat" because they would rather sleep than...

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Oct 10, 2016
Contributes $250,000 to American Red Cross

The SunTrust Foundation today announced it will donate $250,000 to the American Red Cross to support Disaster Relief efforts for the thousands of residents in Florida, Georgia, South Carolina,...

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Oct 7, 2016

To support the areas impacted by Hurricane Matthew, SunTrust Banks, Inc. (NYSE: STI) intends to offer extended branch hours in all Florida branch locations on Saturday, October 8, from 9 a.m. to 2...

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Oct 4, 2016

SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the BancAnalysts Association of Boston Conference in Boston on Friday, November 4, 2016. Time: 9:45 a.m. (Eastern Time)...

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Sep 19, 2016
Event Celebrates Company's History and Future Community Leaders

This week 125 years ago, the Georgia State Legislature approved the incorporation of the Commercial Travelers' Savings Bank, the earliest Georgia forerunner to what is now SunTrust Banks, Inc....

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Sep 7, 2016
Companies can mitigate risk and save money through electronification strategies

Even in the internet age, companies still make more than 57 percent of all payments through paper-driven processes and checks, according to a survey by SunTrust Banks, Inc. (NYSE: STI) of middle...

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Sep 6, 2016

SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release third quarter 2016 results on Friday, October 21, 2016. SunTrust management will host a conference call that morning and...

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Aug 26, 2016

SunTrust Banks, Inc. (NYSE: STI) was named to IDG's CIO 100 for developing and implementing an innovative new card services platform. The technology provides SunTrust credit card clients with...

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Aug 19, 2016

SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Barclays Global Financial Services Conference in New York on Monday, September 12, 2016. Time: 11:15 a.m. (EDT)...

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Aug 9, 2016

The board of directors of SunTrust Banks, Inc. (NYSE: STI) today announced an increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.26 per common share was declared...

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Jul 22, 2016
Strong Execution and Diversity of Business Model Drive Further Improvements in Revenue and Profitability

SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $475 million, or $0.94 per average common diluted share. This quarter was favorably impacted by $0.05 per...

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Jul 13, 2016

ATLANTA, July 13, 2016 – SunTrust Banks, Inc. (NYSE: STI) through its Charitable Trust and the SunTrust Foundation today announced three grants totaling $200,000 to help aid the families and...

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