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2019 Archives

Nov 21, 2019
SunTrust spoiler alert: Dogs will fetch more gifts than cats this year

According to the SunTrust (NYSE: STI) National Financial Confidence Poll, pet owners are not holding back on holiday cheer for their furry friends – half of Americans are putting their pets on...

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Nov 19, 2019
Clients will continue to be served through current brands until system conversion

BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) today announced receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Federal Deposit...

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Nov 12, 2019
GLOW Academy's SunTrust Foundation Makerspace provides hands-on creative area for girls to design, experiment, build and invent

The SunTrust Foundation today announced it has awarded a $500,000 grant to the Girls Leadership Academy of Wilmington (GLOW) for a state-of-the-art makerspace in what is North Carolina's only...

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Nov 8, 2019
First Horizon agrees to acquire 30 SunTrust branches in North Carolina, Virginia, Georgia

MEMPHIS, Tenn. & ATLANTA, GA & WINSTON-SALEM, NC – Nov. 8, 2019 – First Horizon National Corp. (NYSE:FHN), SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT) today announced...

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Nov 4, 2019
SunTrust survey shows Americans feel pressured to overspend on more than gifts

According to the SunTrust (NYSE: STI) 2019 nationwide holiday survey, more than half of Americans (56%) felt pressure to overspend during the holiday season last year. Will history repeat itself?...

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Oct 31, 2019

The SunTrust Foundation today announced a three-year partnership with Junior Achievement of Greater Washington (JA) and a $1.5 million grant to support JA Finance Park®, an innovation in...

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Oct 30, 2019

Following the Federal Reserve's announcement to lower the Federal Funds rate, SunTrust Bank announced today it has lowered its prime lending rate to 4.75% from 5.00%, effective October 31, 2019....

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Oct 30, 2019

SunTrust Banks, Inc. was recognized by the Mortgage Bankers Association (MBA) as a 2019 Residential Diversity and Inclusion Leadership Award winner at MBA's 2019 Annual Convention & Expo held Oct....

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Oct 28, 2019

The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.56 per common share. The dividend is payable on November 18, 2019, to common...

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Oct 17, 2019
Continued Loan Growth, Improved Deposit Growth, Diverse Fee Income, and Strong Credit Quality Highlight Third Quarter Results

For the third quarter of 2019, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $597 million, or $1.34 per average common diluted share, which includes...

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Oct 9, 2019

SunTrust Banks, Inc. (NYSE: STI) Chairman and Chief Executive Officer William H. Rogers, Jr. today announced that Linnie Haynesworth has been appointed to the SunTrust Board of Directors....

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Oct 7, 2019
Support expands financial counseling pilot program for Hispanic community

The SunTrust Foundation has awarded a $500,000 grant to the National Foundation for Credit Counseling® (NFCC), doubling its initial commitment to the organization in 2018, to support a...

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Sep 30, 2019

SunTrust (NYSE: STI) today announced that five million people have taken a step to improve their financial wellness through tools, tips and counseling from The onUp Movement. In 2016, after...

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Sep 26, 2019
LightStream survey finds Americans embracing new attitudes toward debt, rejecting past stigmas

While debt has traditionally had a negative connotation, many people now see it as a valuable tool to help them responsibly manage their finances. In fact, a new 2019 LightStream survey conducted...

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Sep 24, 2019

SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release third quarter 2019 results on Thursday, October 17, 2019. SunTrust management will host a conference call that morning and...

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Sep 18, 2019

Following the Federal Reserve's announcement to lower the Federal Funds rate, SunTrust Bank announced today it has lowered its prime lending rate to 5.00% from 5.25%, effective September 19, 2019....

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Sep 17, 2019
Grants support the youth crime diversion program by opening an At-Promise Center

The SunTrust Foundation and SunTrust Trusteed Foundations announced today they awarded $3 million in grants to the Atlanta Police Foundation (APF). The SunTrust Trusteed Foundations include the...

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Sep 6, 2019
SunTrust Bank also Accepting Financial Donations at All Branches

SunTrust Banks, Inc. (NYSE: STI) announced today it will give $250,000 to the American Red Cross for disaster relief and recovery efforts in support of the communities and businesses impacted by...

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Aug 27, 2019
SunTrust gives aspiring entrepreneurs tips to take gig work to the next level

Eighty-one percent of Americans who currently have a side gig are interested in taking it full-time, according to a recent SunTrust survey. More than half of Americans (54%) report having a side...

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Aug 23, 2019

The SunTrust Foundation today announced the winners of the 2019 Lighting the Way Awards, giving a total of $2.7 million in grants to 36 nonprofit organizations across the South and Midwest. The...

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Aug 13, 2019

The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.56 per common share, an increase of 12 percent. The dividend is payable on September...

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Jul 31, 2019

Following the Federal Reserve's announcement to lower the Federal Funds rate, SunTrust Bank announced today it has lowered its prime lending rate to 5.25% from 5.50%, effective August 1, 2019. The...

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Jul 31, 2019

Are you planning to nest in a home that may not be at its best? If so, you're not alone. According to a recent LightStream survey [https://blog.lightstream.com/2019-home-improvement-trends/]...

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Jul 30, 2019

SunTrust Banks, Inc. (NYSE: STI) shareholders today approved the agreement for the merger of equals of SunTrust and BB&T Corporation (NYSE: BBT). This completes another step in the process to form...

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Jul 22, 2019
Grant supports expansion of 3DE schools in metro Atlanta and first-time launch outside Georgia

The SunTrust Foundation today announced a three-year grant of $2 million to 3DE National to continue the nonprofit's expansion in metro Atlanta and launch 3DE schools outside of Georgia for the...

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