Solidion Technology Inc (OQ:STI)
Business Focus: Batteries & Uninterruptable Power supplies
Apr 12, 2024 09:00 am ET
Solidion Technology Reports Results for Full Year 2023
Solidion Technology, Inc. (f/k/a Nubia Brand International Corp.) (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, today announced it has released financial and operating results for Solidion for the...
Mar 13, 2024 09:08 pm ET
Solidion Technology, Inc. Announces Pricing of $3.85 Million Private Placement
Solidion Technology, Inc., (the “Company,” "Solidion,” “we,” “our” or “us”), an advanced battery technology solutions provider, today announced that it has entered into a securities purchase agreement with institutional investors to raise...
Mar 06, 2024 09:00 am ET
Solidion Technology’s Lithium-Sulfur Batteries on a Launch Pad to Accelerate the Takeoff of the eVTOL Aircraft Industry
Solidion Technology, Inc. (Solidion), an advanced battery technology solutions provider, began trading on NASDAQ (ticker symbol “STI”) on February 5, 2024. Solidion is the merged entity between Honeycomb Battery Company (HBC, Dayton, Ohio) and...
Feb 27, 2024 09:00 am ET
Extending the Driving Range without Increasing EV Weight? Yes, Solidion Technology, Inc. Provides Solutions
Solidion Technology, Inc. (Solidion), an advanced battery technology solutions provider, began trading on NASDAQ (ticker symbol “STI”) on February 5, 2024. Solidion is the merged entity between Honeycomb Battery Company (HBC, Dayton, Ohio) and...
Feb 20, 2024 09:00 am ET
Solidion Technology, Inc. Provides Drop-in Solutions to the Production of Solid-State Batteries
Solidion Technology, Inc. (NASDAQ: STI), an advanced energy solutions provider, began initial trading on February 5, 2024. Solidion is the merged entity between Honeycomb Battery Company (HBC, Dayton, Ohio) and Nubia Brand International Co., a...
Feb 15, 2024 04:30 pm ET
Solidion Technology Inc. Ready to Produce Sustainable Graphite Anode Materials, a Key Component in Lithium-ion Batteries
Solidion Technology, Inc. (Solidion), an advanced battery technology solutions provider, aims to address the burgeoning battery materials supply shortage, driven by anticipated soaring demand for electric vehicle (EV) and energy storage systems...
Feb 07, 2024 08:31 am ET
Thinking about buying stock in Cellectar Biosciences, elf Beauty, Glatfelter, Solidion Technology, or Spectral AI?
NEW YORK, Feb. 7, 2024 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLRB, ELF, GLT, STI, and MDAI.
Feb 06, 2024 08:31 am ET
Thinking about buying stock in ZIM Integrated Shipping, Solidion Technology, SoundHound AI, Longboard Pharmaceuticals, or Xpeng?
NEW YORK, Feb. 6, 2024 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ZIM, STI, SOUN, LBPH, and XPEV.
Nov 12, 2019 08:00 am ET
SunTrust Foundation Awards $500,000 Grant to Girls Leadership Academy of Wilmington to Establish Makerspace
ATLANTA, Nov. 12, 2019 /PRNewswire/ -- 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 single-gender public charter school. With tools, equipment and trained faculty, GLOW Academy's SunTrust Foundation Makerspace combines a 21st-century science lab, woodshop, computer lab and art room in a vibrant creative area where students in grades six through 12 are given the tools and guidance to investigate, experiment, create and invent. The SunTrust Foundati
Nov 08, 2019 11:17 am ET
First Horizon to Expand Branch Network in Key Growth Markets
First Horizon National Corp. (NYSE:FHN), SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT) today announced that First Horizon Bank has entered into an agreement to acquire 30 branches from SunTrust Bank. As part of the agreement,...
Nov 04, 2019 12:45 pm ET
Secret to a #bestlife Holiday Season: Get Real About the Pressure to Overspend
ATLANTA, Nov. 4, 2019 /PRNewswire/ -- 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? This year, Americans plan to spend a median of $400, similar to 2018.
Oct 31, 2019 02:10 pm ET
SunTrust Foundation Awards $1.5 Million Grant to Junior Achievement of Greater Washington
ATLANTA, Oct. 31, 2019 /PRNewswire/ -- 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 experiential education designed to engage middle school students and prepare them for life and work outside of school. With this grant, the SunTrust Foundation will become the JA Finance Park signature partner at two locations in Fairfax, Virginia, and Prince George's County, Maryland.
Oct 30, 2019 11:29 am ET
SunTrust Wins 2019 Mortgage Bankers Association Diversity and Inclusion Leadership Award
ATLANTA, Oct. 30, 2019 /PRNewswire/ -- 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. 27-30 in Austin, Texas. The annual awards recognize MBA members for their leadership efforts in diversity and inclusion in two award categories: organizational diversity and inclusion, and market outreach strategies.
Oct 28, 2019 04:15 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, Oct. 28, 2019 /PRNewswire/ -- 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 shareholders of record at the close of business on November 8, 2019.
Oct 17, 2019 06:00 am ET
SunTrust Reports Third Quarter 2019 Results
ATLANTA, Oct. 17, 2019 /PRNewswire/ -- 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 $(0.06) per share of merger-related impacts associated with the Company's proposed merger of equals with BB&T Corporation. This compares to $1.48 for the prior quarter, which included $0.07 per share of discrete tax benefits and $(0.03) per share of merger-related impacts, and $1.56 for the third quarter of 2018, which included $0.14 per share of discrete tax b
Oct 09, 2019 04:15 pm ET
Linnie Haynesworth appointed to SunTrust Board of Directors
ATLANTA, Oct. 9, 2019 /PRNewswire/ -- 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. Following the proposed merger with BB&T Corporation, she will continue on the Truist Board of Directors for the new combined company.
Oct 07, 2019 09:00 am ET
SunTrust Foundation Awards $500,000 Grant to National Foundation for Credit Counseling
ATLANTA, Oct. 7, 2019 /PRNewswire/ -- 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 large-scale program for improving the financial wellness of Hispanic and Latino families. The grant will allow the NFCC to expand its services for Hispanic/Latino consumers beyond its original scope of Florida, Georgia, North Carolina and the Houston, Texas, metropolitan area to include all of Texas and Ohio.
Sep 30, 2019 07:00 am ET
SunTrust: Record Milestone Reached to Reduce Financial Stress in America as "The onUp Movement" Surpasses Five Million Participants
ATLANTA, Sept. 30, 2019 /PRNewswire/ -- 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 uncovering through extensive research that 75% of Americans were experiencing financial stress, SunTrust launched "onUp," a national movement for financial confidence.
Sep 26, 2019 09:00 am ET
The rise of "Purposeful Debt"
ATLANTA, Sept. 26, 2019 /PRNewswire/ -- 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 by Wakefield Research found that 79% of Americans with good credit (Credit Score: 660+) believe taking on debt purposefully can help them accomplish their goals.
Sep 24, 2019 05:53 pm ET
SunTrust to Announce Third Quarter 2019 Earnings Results Thursday, October 17, 2019
ATLANTA, Sept. 24, 2019 /PRNewswire/ -- 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 details are as follows:
Sep 18, 2019 06:00 pm ET
SunTrust Bank Lowers Prime Rate
ATLANTA, Sept. 18, 2019 /PRNewswire/ -- 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. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on August 1, 2019.
Sep 17, 2019 12:25 pm ET
SunTrust Foundations Award $3 Million to Atlanta Police Foundation
ATLANTA, Sept. 17, 2019 /PRNewswire/ -- 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 Florence C. and Harry L. English Memorial Fund, the Walter H. and Marjory M. Rich Memorial Fund and the Nell Warren Elkin and William Simpson Elkin Foundation. This funding will support APF's youth crime diversion program, the At-Promise Initiative, by opening an At-Promise Center on Campbellton Road in Southwest Atlanta.
Sep 06, 2019 01:52 pm ET
SunTrust Bank to Donate $250,000 to American Red Cross for Hurricane Dorian Disaster Relief
ATLANTA, Sept. 6, 2019 /PRNewswire/ -- 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 Hurricane Dorian and the global efforts of the Red Cross to help in the Bahamas. The SunTrust Bank donation is to aid first responders as they bring relief to people who've lost their homes and need food and shelter.
Aug 27, 2019 09:53 am ET
SunTrust Survey: Many Americans Interested In Taking Their Side Gigs Full-Time
ATLANTA, Aug. 27, 2019 /PRNewswire/ -- 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 hustle at some point to generate extra money, pulling in $8,794, on average per year. With these additional funds, people are able to pursue their #bestlife on their own terms.
Aug 23, 2019 07:00 am ET
SunTrust Foundation Awards $2.7 Million in Grants to Winners of the 2019 Lighting the Way Awards
ATLANTA, Aug. 23, 2019 /PRNewswire/ -- 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 awards support the work of the organizations to build self-sufficient families and more financially confident communities through financial education, financial counseling, career readiness/workforce development and small business/entrepreneurship. Each nonprofit was awarded a $75,000 grant.
Aug 13, 2019 04:15 pm ET
SunTrust Increases Common Stock Dividend
ATLANTA, Aug. 13, 2019 /PRNewswire/ -- 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 16, 2019, to common shareholders of record at the close of business on August 30, 2019.
Jul 31, 2019 06:00 pm ET
SunTrust Bank Lowers Prime Rate
ATLANTA, July 31, 2019 /PRNewswire/ -- 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 prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on December 20, 2018.
Jul 31, 2019 09:00 am ET
HGTV's Egypt Sherrod and LightStream Partner to Show Homeowners How to Invest in Their Nest
ATLANTA, July 31, 2019 /PRNewswire/ -- 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/] conducted by The Harris Poll, 59% of homeowners intend to live in their current place for at least 10 years (or never move!). In fact, 73% of survey participants said they'll be spending money on home improvement projects in 2019.
Jul 30, 2019 12:30 pm ET
BB&T shareholders approve merger of equals with SunTrust
WINSTON-SALEM, N.C., July 30, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) shareholders today approved both the merger of equals between BB&T Corporation and SunTrust Banks Inc. (NYSE: STI) and Truist Financial Corporation as the new name of the combined company. At a special meeting of shareholders held today, more than 98% of the shares voted were cast in favor of the merger of equals with SunTrust and more than 96% of the shares voted were cast in favor of the Truist name.
Jul 30, 2019 12:30 pm ET
SunTrust Shareholders Approve Merger with BB&T to Form Truist
ATLANTA, July 30, 2019 /PRNewswire/ -- 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 the premier financial institution, Truist, serving approximately 10 million U.S. consumer households and a full range of business clients.
Jul 22, 2019 09:52 am ET
SunTrust Foundation Awards $2 Million Grant to 3DE National
ATLANTA, July 22, 2019 /PRNewswire/ -- 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 first time, bringing the innovative high school model to Florida, Texas and the District of Columbia.
Jul 18, 2019 06:00 am ET
SunTrust Reports Second Quarter 2019 Results
ATLANTA, July 18, 2019 /PRNewswire/ -- For the second quarter of 2019, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $663 million, or $1.48 per average common diluted share, which includes $0.07 per share of discrete tax benefits and $(0.03) per share of merger-related impacts associated with the Company's previously announced proposed merger with BB&T Corporation. This compares to $1.24 for the prior quarter, which included $0.04 per share of discrete tax benefits and $(0.09) per share of merger-related impacts, and $1.49 for the second quarter
Jul 16, 2019 01:00 pm ET
BB&T and SunTrust Announce $60 Billion Truist Bank Community Benefits Plan
WINSTON-SALEM, N.C. and ATLANTA, July 16, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) today announced a Truist Bank Community Benefits Plan under which the combined company will lend or invest $60 billion to low- and moderate-income (LMI) borrowers and in LMI communities over a three-year period from 2020 to 2022. The plan is a concrete example of the commitment of Truist Financial Corporation, the combined company to be created through their proposed merger of equals, and reflects BB&T's and SunTrust's continued commitment to supporting inv
Jul 16, 2019 01:00 pm ET
BB&T and SunTrust Announce $60 Billion Truist Bank Community Benefits Plan
WINSTON-SALEM, N.C. and ATLANTA, July 16, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) today announced a Truist Bank Community Benefits Plan under which the combined company will lend or invest $60 billion to low- and moderate-income (LMI) borrowers and in LMI communities over a three-year period from 2020 to 2022. The plan is a concrete example of the commitment of Truist Financial Corporation, the combined company to be created through their proposed merger of equals, and reflects BB&T's and SunTrust's continued commitment to supporting inv
Jul 09, 2019 02:11 pm ET
SunTrust Foundation Awards $275,000 Grant to YMCA of East Tennessee for Youth Development
KNOXVILLE, Tenn., July 9, 2019 /PRNewswire/ -- The SunTrust Foundation announced today a $275,000 grant to the YMCA of East Tennessee to expand its youth development programs that focus on financial wellness, academics, leadership and well-being. On behalf of the SunTrust Foundation, Harry Gross, SunTrust Bank Knoxville market president, presented Jim Dickson, CEO of YMCA of East Tennessee, with the grant at a special event Tuesday, July 9, at West Side Family YMCA in Knoxville.
Jun 06, 2019 12:48 pm ET
WCG, HF, STI MERGER CLASS ACTIONS: Halper Sadeh LLP Alerts Investors of Important Upcoming Deadlines in Shareholder Class Action Lawsuits Against Wellcare Health Plans, Inc., Hff, Inc., and Suntrust B
Halper Sadeh LLP, a global investor rights law firm, reminds investors of important deadlines in the shareholder class action lawsuits against WellCare Health Plans, Inc. (NYSE: WCG), HFF, Inc. (NYSE: HF), and SunTrust Banks, Inc. (NYSE: STI). The...
Jun 06, 2019 12:13 pm ET
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of HF, WCG, and STI of Class Action Lawsuits Filed
Rigrodsky & Long, P.A. reminds investors that it has commenced class action lawsuits against the following companies: HFF, Inc. (NYSE: HF) Lead Plaintiff Deadline: July 9, 2019 On March 18, 2019, HFF entered into an agreement and plan of...
Jun 06, 2019 08:30 am ET
STI, HF, WCG Important Shareholder Deadlines: Halper Sadeh LLP Alerts Investors of Important Upcoming Deadlines in the Shareholder Class Action Lawsuits Against SunTrust Banks, Inc., HFF, Inc., and We
Halper Sadeh LLP, a global investor rights law firm, alerts investors to important deadlines in the shareholder class action lawsuits against SunTrust Banks, Inc. (NYSE: STI), HFF, Inc. (NYSE: HF), and WellCare Health Plans, Inc. (NYSE: WCG). The...
May 20, 2019 02:20 pm ET
SunTrust to Speak at the Bernstein Strategic Decisions Conference
ATLANTA, May 20, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to speak at the Bernstein Strategic Decisions Conference in New York on Thursday, May 30, 2019.
May 14, 2019 06:36 pm ET
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of MLNX, WP, and STI of Class Action Lawsuits Filed
Rigrodsky & Long, P.A. reminds investors that it has commenced class action lawsuits against the following companies: Mellanox Technologies, LTD. (NASDAQ GS: MLNX) On March 10, 2019, Mellanox entered into an agreement and plan of merger (the...
May 14, 2019 04:35 pm ET
SunTrust to Announce Second Quarter 2019 Earnings Results Thursday, July 18, 2019
ATLANTA, May 14, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release second quarter 2019 results on Thursday, July 18, 2019. SunTrust management will host a conference call that morning and details are as follows:
May 14, 2019 04:02 pm ET
WP, STI, MLNX Shareholder Deadlines: Halper Sadeh LLP Alerts Investors of Important Upcoming Deadlines in Shareholder Class Action Lawsuits Against Worldpay, Inc., Suntrust Banks, Inc., and Mellanox T
Halper Sadeh LLP, a global investor rights law firm, alerts investors to shareholder class action lawsuits against Worldpay, Inc. (NYSE: WP), SunTrust Banks, Inc. (NYSE: STI), and Mellanox Technologies, Ltd. (NASDAQ: MLNX). The lawsuits seek...
May 08, 2019 04:37 pm ET
SunTrust Invests $10 Million in Support of Affordable Housing Development in the Washington, D.C. Region
ATLANTA, May 8, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced that it will make a $10 million equity investment in JBG SMITH's Washington Housing Initiative Impact Pool. The Initiative is a transformational market-driven approach to producing affordable housing in the Washington, D.C. region. SunTrust, through its subsidiary SunTrust Community Capital, has been actively involved in the development of affordable housing in the region having invested approximately $115 million in the past three years. This includes projects such as: Abrams Hall (80 units for seniors), City Vi
May 06, 2019 09:00 am ET
SunTrust Opens Private Wealth Management Office in Boston
ATLANTA, May 6, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announces a new Private Wealth Management office in Boston. The expansion allows SunTrust to broaden its wealth management presence in the Northeast and complement the Boston office of SunTrust Robinson Humphrey.
May 02, 2019 02:09 pm ET
SunTrust Foundation Awards $250,000 in Grants to 10 Westside Atlanta Nonprofits through Beloved Benefit
ATLANTA, May 2, 2019 /PRNewswire/ -- The SunTrust Foundation announced today it awarded grants totaling $250,000 to 10 nonprofit organizations that are committed to positively impacting Atlanta's historic Westside neighborhoods. The 10 nonprofit organizations were recently recognized as Community Beacon Award recipients at the inaugural Beloved Benefit at Mercedes-Benz Stadium. The event raised more than $5 million to support the ongoing revitalization of the Westside.
May 01, 2019 09:00 am ET
U.S. Small Business Owners Confident in their Business and the U.S. Economy
ATLANTA, May 1, 2019 /PRNewswire/ -- The annual Small Business Pulse Survey from SunTrust reveals a strong small business community, with two-thirds of small business decision makers reporting strength in their local economy (68 percent) and the U.S. economy (65 percent). The positive outlook is bolstered by two-thirds of decision makers who report their business is strong (67 percent), that their company's financial well-being is equal to or greater than last year (85 percent), and that they have less work-related stress.
Apr 29, 2019 12:40 pm ET
STI, MRT, and TCF SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
Rigrodsky & Long, P.A. announces that it is investigating: SunTrust Banks, Inc. (NYSE: STI) regarding possible breaches of fiduciary duties and other violations of law related to SunTrust’s agreement to merge with BB&T Corporation (NYSE: BBT)....
Apr 29, 2019 10:39 am ET
STI, MRT, TCF Merger Class Action Alert: Halper Sadeh LLP Reminds Investors of Shareholder Lawsuits Filed Against These Companies – STI, MRT, TCF
Halper Sadeh LLP, a global investor rights law firm, announces the filing of shareholder class action lawsuits against the following companies: SunTrust Banks, Inc. (NYSE: STI)The lawsuit alleges that Defendants issued a materially misleading...
Apr 26, 2019 05:05 pm ET
STI and TCF SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
Rigrodsky & Long, P.A. announces that it is investigating: SunTrust Banks, Inc. (NYSE: STI) regarding possible breaches of fiduciary duties and other violations of law related to SunTrust’s agreement to be merge with BB&T Corporation. Shareholders...
Apr 25, 2019 10:00 am ET
BB&T and SunTrust CEOs Discuss Merger of Equals
CHARLOTTE, N.C., April 25, 2019 /PRNewswire/ -- BB&T Chairman & Chief Executive Officer Kelly S. King and SunTrust Chairman & Chief Executive Officer William H. Rogers, Jr., today spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI). They were joined by BB&T Director of Corporate Social Responsibility and Community Reinvestment Sharon Jeffries-Jones and SunTrust Enterprise Community Reinvestment Officer Lynette Be
Apr 25, 2019 10:00 am ET
SunTrust and BB&T CEOs Discuss Merger of Equals
ATLANTA, April 25, 2019 /PRNewswire/ -- SunTrust Chairman and Chief Executive Officer William H. Rogers, Jr. and BB&T Chairman and Chief Executive Officer Kelly S. King today spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT). They were joined by SunTrust Enterprise Community Reinvestment Officer Lynette Bell and BB&T Director of Corporate Social Responsibility and Community Reinvestment Sharon Jeffries-Jones.
Apr 23, 2019 04:30 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, April 23, 2019 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on June 17, 2019, to common shareholders of record at the close of business on May 31, 2019.
Apr 23, 2019 04:10 pm ET
SunTrust Shareholders Elect Paul Donahue to Board of Directors
ATLANTA, April 23, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) Chairman and Chief Executive Officer William H. Rogers, Jr. today announced that Paul Donahue has been newly elected to the SunTrust Board of Directors. He will join nine directors who were re-elected by shareholders for the coming year, and will continue with the Board in the new combined company following the proposed merger with BB&T Corporation.
Apr 18, 2019 06:00 am ET
SunTrust Reports First Quarter 2019 Results
ATLANTA, April 18, 2019 /PRNewswire/ -- For the first quarter of 2019, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $554 million, or $1.24 per average common diluted share, which includes $(0.09) per share of merger-related costs associated with the Company's previously announced proposed merger with BB&T Corporation. This compares to $1.40 for the prior quarter and $1.29 for the first quarter of 2018.
Apr 16, 2019 09:00 am ET
SunTrust Foundation Awards $556,000 Grant to Autism Speaks
NEW YORK, April 16, 2019 /PRNewswire/ -- The SunTrust Foundation today announced a two-year grant of $556,000 to Autism Speaks, expanding upon its partnership to promote financial well-being among families impacted by autism and other disabilities.
Apr 15, 2019 04:06 pm ET
SunTrust (STI) Merger Lawsuit: Halper Sadeh LLP Announces Filing of Shareholder Class Action Lawsuit Against SunTrust Banks, Inc. Concerning Its Proposed Merger With BB&T Corporation – STI
Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against SunTrust Banks, Inc. (“SunTrust” or the “Company”) (NYSE: STI) in connection with the proposed sale of SunTrust to BB&T...
Apr 09, 2019 11:00 pm ET
Rigrodsky & Long, P.A. Files Class Action Suit Against SunTrust Banks, Inc.
Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the Northern District of Georgia on behalf of holders of SunTrust Banks, Inc. (“SunTrust”) (NYSE: STI)...
Apr 04, 2019 12:48 pm ET
SUNTRUST BANKS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SunTrust Banks, Inc. - STI
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the
law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the
proposed sale of SunTrust Banks, Inc. (NYSE: STI) (“SunTrust”) to BB&T
Corporation (NYSE: BBT) (“BB&T”). Under the terms of the proposed
transaction, shareholders of SunTrust will receive only 1.295 shares of
BB&T for each share of SunTrust that they own. KSF is seeking to
determine whether this consideration and the process that led to it are
adequate, or whether the consideration undervalues the Company.
Apr 02, 2019 01:30 pm ET
SunTrust and SunTrust Foundation Announce $15 Million in Support of Affordable Housing Development in Mecklenburg County
ATLANTA, April 2, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) and the SunTrust Foundation announced that they collectively will make available $15 million to Foundation For The Carolinas to support affordable housing development in Mecklenburg County.
Apr 01, 2019 09:00 am ET
SunTrust Celebrates Diversity Month with Recognition for its Commitment to Inclusion
ATLANTA, April 1, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is celebrating Diversity Month with recognition for its commitment to inclusion. SunTrust received a perfect score of 100 on the 2019 Corporate Equality Index (CEI) and was named a 2019 National Business Inclusion Consortium (NBIC) Best-of-the-Best Corporation for Inclusion.
Mar 21, 2019 11:03 am ET
Bleichmar Fonti & Auld LLP Announces Objection of the National Black Farmers Association to The Proposed Merger of SunTrust Banks, Inc. and BB&T Corporation
Bleichmar Fonti & Auld LLP (“BFA”) announces that it has published a letter on behalf of the National Black Farmers Association (“NBFA”) objecting to the proposed merger of SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT), and...
Mar 21, 2019 09:00 am ET
To Save or to Spend: A Tale of Two Tax Refunds
ATLANTA, March 21, 2019 /PRNewswire/ -- More than two-thirds of Americans are expecting to receive a tax refund this year, and 18 percent of them are planning to save all of it, according to a nationwide survey conducted by SunTrust just before the 2019 tax filing season.
Mar 19, 2019 09:00 am ET
SunTrust: War for Top Talent Prompts U.S. Businesses to Take Action
ATLANTA, March 19, 2019 /PRNewswire/ -- According to the annual Business Pulse Survey by SunTrust, seventy-three percent of surveyed U.S. business leaders say the outlook for their own business is strong. To bolster their competitiveness, business leaders say they are focusing on three top priorities – evolving the technical skills of employees, focusing on cash management, and preparing for potential mergers and acquisitions (M&A). Nearly half of the surveyed employers (46 percent) are highly concerned with attracting and retaining talent, and 93 percent are taking active steps to hire
Mar 18, 2019 03:17 pm ET
Boys & Girls Clubs of America and SunTrust Foundation Announce $1 Million Grant to Help Youth Become Workforce Ready
ATLANTA, March 18, 2019 /PRNewswire/ -- Boys & Girls Clubs of America announced today that the SunTrust Foundation has committed $1 million to Boys & Girls Clubs of America's Workforce Development Effectiveness Project to help put youth in up to 45 Clubs across the Southeast on the path toward financial well-being. Stan Little, SunTrust Foundation president, presented Jim Clark, president and CEO of Boys & Girls Clubs of America, with the donation at a special event on Friday, March 15, at The Salvation Army Bellwood Boys & Girls Club in Atlanta.
Mar 18, 2019 12:58 pm ET
SunTrust Foundation Awards $5 Million Grant to Westside Future Fund
ATLANTA, March 18, 2019 /PRNewswire/ -- The SunTrust Foundation announced today it awarded a $5 million grant to the Westside Future Fund (WFF). The grant will positively impact Atlanta's historic Westside neighborhoods, whose footprint once housed more than 40,000 residents by supporting mixed-income housing and economic development. This will ensure that legacy residents can continue to call the historic Westside home and thrive as part of the revitalization efforts taking place.
Mar 12, 2019 12:41 pm ET
SunTrust to Announce First Quarter 2019 Earnings Results Thursday, April 18, 2019
ATLANTA, March 12, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release first quarter 2019 results on Thursday, April 18, 2019. SunTrust management will host a conference call that morning and details are as follows:
Mar 05, 2019 12:10 pm ET
INVESTOR ALERT: Monteverde & Associates PC is Investigating the Recently Announced Acquisition
NEW YORK, March 5, 2019 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating:
Mar 05, 2019 08:00 am ET
73% of Homeowners Will Invest in Their Nest This Year
ATLANTA, March 5, 2019 /PRNewswire/ -- Nearly three in four (73%) homeowners surveyed plan to make home improvements this year, a 26% increase from 2018, according to the sixth annual LightStream Home Improvement Survey conducted by The Harris Poll.
Mar 04, 2019 09:46 pm ET
HFBC, NUBK, STI, and TCF SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: HopFed Bancorp, Inc. (NasdaqGM: HFBC) regarding possible breaches of fiduciary duties and other violations of law related to HFBC’s agreement to be acquired by First Financial Corporation...
Feb 26, 2019 05:09 pm ET
INVESTOR ALERT: Monteverde & Associates PC is Investigating the Recently Announced Acquisition
NEW YORK, Feb. 26, 2019 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating:
Feb 15, 2019 03:30 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, Feb. 15, 2019 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on March 15, 2019, to common shareholders of record at the close of business on February 28, 2019.
Feb 15, 2019 02:54 pm ET
SUNTRUST BANKS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SunTrust Banks, Inc. - STI
NEW ORLEANS, Feb. 15, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of SunTrust Banks, Inc. (NYSE: STI) ("SunTrust") to BB&T Corporation (NYSE: BBT) ("BB&T"). Under the terms of the proposed transaction, shareholders of SunTrust will receive only 1.295 shares of BB&T for each share of SunTrust that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the
Feb 14, 2019 01:01 pm ET
Feb 07, 2019 01:46 pm ET
Wolf Popper LLP Investigates the Proposed Acquisition of SunTrust Banks, Inc. by BB&T Corporation
NEW YORK, Feb. 7, 2019 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in SunTrust Banks, Inc. (NYSE: STI) concerning the proposed acquisition of SunTrust by BB&T Corporation (NYSE: BBT). According to Carl Stine, a partner at Wolf Popper, "The exchange ratio for this transaction is at a low valuation for SunTrust shareholders considering where the stock has been trading and where analysts see it going."
Feb 07, 2019 12:55 pm ET
SUNTRUST BANKS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger
Rigrodsky & Long, P.A.:
Feb 07, 2019 11:52 am ET
Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of SunTrust Banks, Inc. (STI) on Behalf of Stockholders and Encourages STI Investors to Contact the Firm
Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of SunTrust Banks, Inc. (NYSE: STI) on behalf of stockholders concerning the proposed acquisition of the company by BB&T Corporation (NYSE: BBT). Click...
Feb 07, 2019 11:36 am ET
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of SunTrust Banks, Inc.
NEW YORK, Feb. 7, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against SunTrust Banks, Inc. (NYSE: STI) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by BB&T Corporation (NYSE: BBT). Stockholders will receive 1.295 shares of BB&T Corporation common stock for each share of SunTrust Banks, Inc. stock that they hold. The transaction is valued at approximately $28 billion and is expected to close in the fourth quarter of 2019.
Feb 07, 2019 10:33 am ET
SHAREHOLDER ALERT: WeissLaw LLP Investigates SunTrust Banks, Inc.
NEW YORK, Feb. 7, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SunTrust Banks, Inc. ("STI" or the "Company") (NYSE: STI) in connection with the proposed acquisition of the Company by BB&T Corporation. WeissLaw is concentrating its investigation on whether STI's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclose
Feb 07, 2019 10:22 am ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of SunTrust Banks, Inc. to BB&T Corporation is Fair to Shareholders
The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased SunTrust Banks, Inc. (“SunTrust” or the “Company”) (NYSE: STI) stock prior to February 7, 2019. You are hereby notified that Levi &...
Feb 07, 2019 07:22 am ET
SunTrust (STI) Alert: Johnson Fistel Investigates Proposed Sale of SunTrust Banks to BB&T Corporation; Are Shareholders Getting a Fair Deal?
SAN DIEGO, Feb. 7, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of SunTrust Banks, Inc. (NYSE: STI) ("SunTrust") breached their fiduciary duties in connection with the proposed sale of the Company to BB&T Corporation (NYSE: BBT) ("BB&T").
Feb 07, 2019 04:55 am ET
BB&T and SunTrust to Combine in Merger of Equals to Create the Premier Financial Institution
ATLANTA and WINSTON-SALEM, N.C., Feb. 7, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT) announced today that both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.
Feb 07, 2019 04:55 am ET
BB&T and SunTrust to Combine in Merger of Equals to Create the Premier Financial Institution
ATLANTA and WINSTON-SALEM, N.C., Feb. 7, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) and BB&T Corporation (NYSE: BBT) announced today that both companies' boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.
Jan 28, 2019 06:30 am ET
SunTrust Foundation Partners with the National Compassion Fund to Establish the Sebring Strong Survivors Fund
SEBRING, Fla., Jan. 28, 2019 /PRNewswire/ -- The SunTrust Foundation announced today a partnership with the National Compassion Fund (NCF), a subsidiary of the National Center for Victims of Crime, to establish the Sebring Strong Survivors Fund that will provide direct financial support to the five families impacted by the mass shooting at the SunTrust Bank branch in Sebring, Florida. SunTrust teammates are also supporting the families through its One Team Fund.
Jan 18, 2019 05:00 am ET
SunTrust Reports Fourth Quarter and Full Year 2018 Results
ATLANTA, Jan. 18, 2019 /PRNewswire/ -- For the fourth quarter of 2018, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $632 million, or $1.40 per average common diluted share, which includes a $(0.10) per share discrete charge associated with the settlement of a legacy pension plan.
Jan 16, 2019 04:08 pm ET
Athletes, Celebrities and Football Fans Take Over SunTrust Park and The Battery Atlanta on Big-Game Weekend
ATLANTA, Jan. 16, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) and the Atlanta Braves team up to host a first-of-its-kind football experience, the "SunTrust Confidence Classic," as local families and avid sports fans converge in Atlanta for the big-game weekend February 2-3, 2019.
Jan 15, 2019 11:30 am ET
SunTrust Foundation Awards $19.5 Million in Grants in 2018
ATLANTA, Jan. 15, 2019 /PRNewswire/ -- The SunTrust Foundation announced today that it awarded $19.5 million in grants in 2018 to more than 1,300 nonprofits and educational institutions to ignite financial confidence throughout the country.
Jan 07, 2019 08:15 am ET
Get Engaged Over The Holiday? It's Time to Set a Date…To Talk About Money
ATLANTA, Jan. 7, 2019 /PRNewswire/ -- The holidays are one of the most popular times for engagements. As newly engaged couples begin planning for their big day and the rest of their lives together, many are avoiding a topic they know is important – their finances. A new SunTrust survey conducted by The Harris Poll found that 88 percent of Americans believe it is important to have financial conversations before saying "I do," yet only 51 percent actually discussed how they would handle finances before getting married. In fact, less than half of married couples disclosed their annual salaries
Dec 19, 2018 05:00 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, Dec. 19, 2018 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 5.50% from 5.25%, effective December 20, 2018. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on September 27, 2018.
Dec 19, 2018 02:02 pm ET
SunTrust to Announce Fourth Quarter 2018 Earnings Results Friday, January 18, 2019
ATLANTA, Dec. 19, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release fourth quarter 2018 results on Friday, January 18, 2019. SunTrust management will host a conference call that morning and details are as follows:
Dec 19, 2018 08:00 am ET
SunTrust Foundation Provides $750,000 Grant for New Junior Achievement of Middle Tennessee Program
NASHVILLE, Tenn., Dec. 19, 2018 /PRNewswire/ -- Junior Achievement (JA) of Middle Tennessee is pleased to announce the SunTrust Foundation has pledged $750,000 to support a new program for students called JA Finance Park. The SunTrust Foundation supports Junior Achievement activities in communities throughout the Southeast and Mid-Atlantic.
Nov 28, 2018 08:54 am ET
SunTrust to Present at the Goldman Sachs US Financial Services Conference
ATLANTA, Nov. 28, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Goldman Sachs US Financial Services Conference in New York on Tuesday, December 4, 2018.
Nov 14, 2018 03:25 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, Nov. 14, 2018 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on December 17, 2018, to common shareholders of record at the close of business on November 30, 2018.
Nov 13, 2018 10:04 am ET
SunTrust: Americans Say Pressure to Spend Zaps Holiday Vibe
ATLANTA, Nov. 13, 2018 /PRNewswire/ -- Nearly half of Americans (49 percent) are feeling pressure to spend more than they can afford this season, up from 46 percent last year, according to an annual holiday survey by SunTrust Banks, Inc. (NYSE: STI).
Nov 08, 2018 11:00 am ET
The (Debt) Struggle is Real - Especially for Gen Xers
ATLANTA, Nov. 8, 2018 /PRNewswire/ -- More than 80 percent of U.S. consumers consider paying down debt a financial priority1. Yet, a recent LightStream Survey conducted by the Harris Poll* found that 23 percent believe it is nearly impossible to get out of significant debt once you have it.
Nov 08, 2018 08:00 am ET
SunTrust: One in Three Boomer-Owned Businesses Expect to Transition Ownership in Next Five Years
ATLANTA, Nov. 8, 2018 /PRNewswire/ -- As Baby Boomers increasingly reach retirement age, a third expect to transition the ownership of their business in the next five years, according to a SunTrust survey. More than a third (36 percent) do not have a specific plan for how to transition their business, and 21 percent admit that they are not financially prepared for retirement.
Nov 07, 2018 12:23 pm ET
First Tennessee, SunTrust to Host Documentary Screening in Honor of Dr. King’s Dream of Financial Inclusion
First Tennessee Bank, member of the First Horizon National Corp. (NYSE:FHN) family of companies, is partnering with SunTrust Banks, Inc. (NYSE:STI) to host a special screening of “Andrew Young Presents: The Color of Money” documentary. The...
Nov 01, 2018 03:52 pm ET
SunTrust Foundation Grants $1.2 Million to LIFT Orlando to Establish the SunTrust Financial Well-Being Center for the Communities of West Lakes
ORLANDO, Fla., Nov. 1, 2018 /PRNewswire/ -- LIFT Orlando announced today a $1.2 million grant from the SunTrust Foundation spread over three years to establish the SunTrust Financial Well-Being Center at the Communities of West Lakes. The center will offer residents a wide range of support services to help them gain financial confidence.
Nov 01, 2018 08:15 am ET
SunTrust Chief Risk Officer Jerome Lienhard to Retire; Ellen Koebler Appointed Successor
ATLANTA, Nov. 1, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced that Jerome Lienhard will retire as chief risk officer at the end of the year, following an outstanding 40-year career in the financial services industry.
Oct 30, 2018 05:25 pm ET
SunTrust Issues Reminder Concerning Expiration of Warrants
ATLANTA, Oct. 30, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE:STI) today issued a reminder to the holders of the company's Series B Warrants to purchase SunTrust common stock (NYSE: STI WS B) and the company's Series A Warrants to purchase SunTrust common stock (NYSE: STI WS A) that these warrants will expire on Wednesday, November 14, 2018, and Monday, December 31, 2018, respectively, and will no longer be exercisable thereafter.
Oct 30, 2018 11:02 am ET
SunTrust to Present at the BancAnalysts Association of Boston Conference
ATLANTA, Oct. 30, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the BancAnalysts Association of Boston Conference in Boston on Thursday, November 8, 2018.
Oct 25, 2018 09:00 am ET
SunTrust Named Leader for Online Banking and Mobile Banking by Javelin Strategy & Research
ATLANTA, Oct. 25, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has been named a leader in the Javelin's 2018 Online Banking and 2018 Mobile Banking Scorecards in four distinct categories. SunTrust received leader recognition in the Online Banking Award scorecard for the third consecutive year, this year ranking in three of the six categories: Security Empowerment, Money Movement and Customer Service. SunTrust was also recognized as a leader in Javelin's 2018 Mobile Banking Award for the Account Opening category.
Oct 19, 2018 06:00 am ET
SunTrust Reports Third Quarter 2018 Results
ATLANTA, Oct. 19, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $726 million, or $1.56 per average common diluted share. These results include $0.14 per share of discrete tax benefits driven by the finalization of the impact of tax reform on the Company and the consolidation of SunTrust Mortgage into SunTrust Bank, which was completed in the third quarter.
Oct 18, 2018 09:00 am ET
SunTrust Foundation Awards $2.7 Million in Grants to Winners of the 2018 Lighting the Way Awards
ATLANTA, Oct. 18, 2018 /PRNewswire/ -- The SunTrust Foundation today announced the winners of the 2018 Lighting the Way Awards, giving a total of $2.7 million in grants to 36 nonprofit organizations across the South and Midwest to build stronger, more financially confident communities.
Oct 12, 2018 02:27 pm ET
SunTrust Foundation to Donate $300,000 to Aid Organizations Assisting in Hurricane Michael Disaster Relief
ATLANTA, Oct. 12, 2018 /PRNewswire/ -- The SunTrust Foundation announced today it will commit $300,000 to various disaster relief and recovery efforts to support communities and businesses impacted by Hurricane Michael.
Sep 26, 2018 06:00 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, Sept. 26, 2018 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 5.25% from 5.00%, effective September 27, 2018. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on June 14, 2018.
Sep 21, 2018 09:58 am ET
SunTrust to Announce Third Quarter 2018 Earnings Results Friday, October 19, 2018
ATLANTA, Sept. 21, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release third quarter 2018 results on Friday, October 19, 2018. SunTrust management will host a conference call that morning and details are as follows:
Sep 18, 2018 02:30 pm ET
SunTrust Foundation to Donate $300,000 to Aid Organizations Assisting in Hurricane Florence Disaster Relief
ATLANTA, Sept. 18, 2018 /PRNewswire/ -- The SunTrust Foundation announced today it will commit $300,000 to various disaster relief and recovery efforts to support communities and businesses impacted by Hurricane Florence.
Aug 29, 2018 11:06 am ET
Americans Tackling Financials for Love of College Football
ATLANTA, Aug. 29, 2018 /PRNewswire/ -- Some fans will spend hundreds to thousands of dollars on college football activities this season, from hosting game-day parties to attending the big games. According to a SunTrust survey conducted by Harris Poll, 72 percent of self-proclaimed college football fans are willing to give up something to save for tickets, lodging, tailgating, team merchandise and other activities.
Aug 22, 2018 12:59 pm ET
SunTrust to Present at the Barclays Global Financial Services Conference
ATLANTA, Aug. 22, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Barclays Global Financial Services Conference in New York on Wednesday, September 12, 2018.
Aug 15, 2018 08:23 am ET
PACE Funding Group Closes Warehouse Credit Facility with SunTrust Bank
LOS GATOS, Calif., Aug. 15, 2018 /PRNewswire/ -- PACE Funding Group, LLC, a leading residential Property Assessed Clean Energy financing provider, announced that it closed a $55 million warehouse credit facility with SunTrust Bank. Rosemawr Management LLC is also participating in the facility. The facility will finance PACE Funding's California and Florida originations and includes the option to increase to $100 million to further support PACE Funding's growing business.
Aug 14, 2018 04:15 pm ET
SunTrust Board Approves Increase in Common Stock Dividend
ATLANTA, Aug. 14, 2018 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on September 17, 2018, to common shareholders of record at the close of business on August 31, 2018.
Aug 08, 2018 07:55 am ET
New Research: Key Drivers of Growth for SunTrust Banks, Lincoln Electric, Allison Transmission, LRAD, Erie Indemnity, and Encore Wire — Factors of Influence, Major Initiatives and Sustained Production
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of SunTrust Banks, Inc. (NYSE:STI), Lincoln Electric Holdings, Inc....
Aug 07, 2018 09:05 am ET
SunTrust Private Wealth Management Expands in Cleveland and Cincinnati
ATLANTA, Aug. 7, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced it has opened new Private Wealth Management offices in Cincinnati and Cleveland. The expansion allows SunTrust to broaden its presence in Ohio and Northern Kentucky, complementing the bank's commercial banking presence.
Jul 26, 2018 09:05 am ET
Americans are leaving on a jet plane (and then saving for a rainy day)
ATLANTA, July 26, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today revealed that more Americans are saving their money for travel, surpassing saving for emergencies, retirement or purchasing a car or home, according to its quarterly National Financial Confidence Poll.
Jul 20, 2018 06:00 am ET
SunTrust Reports Second Quarter 2018 Results
ATLANTA, July 20, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $697 million, or $1.49 per average common diluted share.
Jun 28, 2018 04:45 pm ET
SunTrust to Increase Quarterly Common Stock Dividend and Share Repurchase Program
ATLANTA, June 28, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI and the "Company") announced today that the Federal Reserve Board has completed its review of the Company's capital plan submitted in connection with the 2018 Comprehensive Capital Analysis and Review (CCAR) and has no objections to the Company's planned capital actions. The capital actions, subject to the approval of SunTrust's Board of Directors and anticipated to cover four quarters, include:
Jun 20, 2018 09:00 am ET
Atlanta City Council Approves SunTrust as Official Bank for Hartsfield-Jackson Atlanta International Airport
ATLANTA, June 20, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is now the official banking partner for Hartsfield-Jackson Atlanta International Airport. SunTrust recently received approval from the Atlanta City Council to open a branch, up to sixteen ATMs and one Teller Connect (live video teller) machine in the airport.
Jun 14, 2018 09:00 am ET
SunTrust Announces National Expansion of Aging Services Practice Group
ATLANTA, June 14, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced a nationwide expansion of its Aging Services/Senior Living Industry Practice group, leveraging existing SunTrust Bank and SunTrust Robinson Humphrey, Inc. offices throughout the U.S. The specialty group, recognized for its extensive knowledge and experience, was formerly only available in select regions. Based on growing demand in the Aging Services sector, SunTrust is expanding its business model and coverage in order to meet the needs of senior housing providers nationwide.
Jun 13, 2018 06:00 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, June 13, 2018 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 5.00% from 4.75%, effective June 14, 2018. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on March 22, 2018.
Jun 01, 2018 11:56 am ET
SunTrust to Announce Second Quarter 2018 Earnings Results Friday, July 20, 2018
ATLANTA, June 1, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release second quarter 2018 results on Friday, July 20, 2018. SunTrust management will host a conference call that morning and details are as follows:
May 21, 2018 09:06 am ET
SunTrust Mortgage: Kids Help Make the Pick in Half of Home Buying Decisions
ATLANTA, May 21, 2018 /PRNewswire/ -- When it comes to purchasing a new home, 55 percent of U.S. homeowners with a child under the age of 18 at the time of home purchase say the opinion of their child was a factor in their home buying decision. This is according to a new Harris Poll survey commissioned by SunTrust Mortgage, a division of SunTrust Banks, Inc. (NYSE: STI). For millennial parents between the ages of 18 and 36, the influence of children is even higher at 74 percent.
May 17, 2018 01:53 pm ET
SunTrust to Present at the Bernstein Strategic Decisions Conference
ATLANTA, May 17, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to speak at the Bernstein Strategic Decisions Conference in New York on Wednesday, May 30, 2018.
May 14, 2018 09:00 am ET
SunTrust: Small Businesses Ramp Up Social Media and Online Marketing
ATLANTA, May 14, 2018 /PRNewswire/ -- Small businesses seeking to capitalize on improved economic conditions are planning to make their social media and online presence a greater priority this year. According to a SunTrust Banks, Inc. (NYSE: STI) survey of more than 500 small business owners, one in three is likely to invest in "social media and online presence." About the same proportion – 34 percent – wants to develop their internet and social media skills.
May 08, 2018 12:05 pm ET
SunTrust to Present at the Barclays Americas Select Franchise Conference
ATLANTA, May 8, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Barclays Americas Select Franchise Conference in London on Tuesday, May 15, 2018.
Apr 30, 2018 09:02 am ET
SunTrust Commercial Real Estate to Sunset Pillar Financial Brand
ATLANTA, April 30, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced that it will sunset the Pillar Financial brand name, effective April 30, 2018. This reflects the full integration of Pillar's capabilities into the SunTrust Commercial Real Estate (CRE) platform, and its importance as a core capability of the bank.
Apr 24, 2018 04:15 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, April 24, 2018 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on June 15, 2018, to common shareholders of record at the close of business on May 31, 2018.
Apr 20, 2018 08:59 am ET
SunTrust to Offer Free Identity Protection
ATLANTA, April 20, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is now offering Identity Protection for all current and new consumer clients at no cost on an ongoing basis. Experian IDnotify™ will be provided to those who sign up for the service.
Apr 20, 2018 06:00 am ET
SunTrust Reports First Quarter 2018 Results
ATLANTA, April 20, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $612 million, or $1.29 per average common diluted share. This compares to $1.48 for the prior quarter, which included $0.39 per share of net discrete benefits from Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items, and $0.91 for the first quarter of 2017.
Apr 16, 2018 02:15 pm ET
SunTrust Mortgage Cuts Application Time in Half with Online Tool
ATLANTA, April 16, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today the launch of its SmartGUIDE TM Mortgage Application, a digital platform that allows consumers to complete their mortgage application entirely online in half the time of a typical mortgage application.
Apr 16, 2018 12:32 pm ET
SunTrust Ranks #1 in J.D. Power Customer Satisfaction with Home Equity Line of Credit
ATLANTA, April 16, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has been ranked the highest in customer satisfaction with home equity line of credit (HELOC), according to the 2018 J.D. Power U.S. Home Equity Line of Credit Satisfaction StudySM.
Apr 10, 2018 09:00 am ET
SunTrust Introduces Financial Confidence Index
ATLANTA, April 10, 2018 /PRNewswire/ -- For the first time, there is an index that measures Americans' behaviors about money matters. SunTrust Banks, Inc. (NYSE: STI) today introduced the annual Financial Confidence Index, a measurement based on five core behaviors of financially confident people across all income levels.
Mar 21, 2018 06:00 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, March 21, 2018 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 4.75% from 4.50%, effective March 22, 2018. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on December 14, 2017.
Mar 19, 2018 09:01 am ET
SunTrust: 2018 Business Growth Hinges on Employee Retention and Acquisition
ATLANTA, March 19, 2018 /PRNewswire/ -- According to the annual Business Pulse Survey by SunTrust Banks, Inc. (NYSE: STI), nearly 50 percent of companies say attracting and retaining employees is their top challenge in 2018. Leaders of middle market businesses, with annual revenue of $10-150 million, rank it as their number one concern. These findings come on the heels of the U.S. Labor Department's February Employment Situation report, where businesses added 313,000 jobs, the most in any month since July 2016.
Mar 13, 2018 09:00 am ET
SunTrust Names Stan Little President of the SunTrust Foundation
ATLANTA, March 13, 2018 /PRNewswire/ -- SunTrust Banks, Inc., (NYSE: STI) has named Stan Little president of the SunTrust Foundation, effective March 16. The SunTrust Foundation advances financial well-being while contributing to the social, cultural and economic development of communities across the company's markets.
Mar 12, 2018 09:00 am ET
SunTrust: Americans Plan to Boost Savings with Tax Refunds
ATLANTA, March 12, 2018 /PRNewswire/ -- Eighty percent of Americans expecting a tax refund this year plan to save 25 percent or more, according to a new SunTrust Banks, Inc. (NYSE: STI) survey. Other plans for tax refunds include paying down debt (35 percent), travel/entertainment (22 percent), retail purchases (18 percent) and home improvement (13 percent).
Mar 07, 2018 10:54 am ET
SunTrust to Announce First Quarter 2018 Earnings Results Friday, April 20, 2018
ATLANTA, March 7, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release first quarter 2018 results on Friday, April 20, 2018. SunTrust management will host a conference call that morning and details are as follows:
Mar 01, 2018 08:00 am ET
2018 LightStream Home Improvement Survey
ATLANTA, March 1, 2018 /PRNewswire/ -- More than half (58 percent) of homeowners are planning to spend money on home improvement projects in 2018, according to the fifth annual LightStream Home Improvement Survey. LightStream is the national online lending division of SunTrust Banks, Inc. (NYSE: STI). Budgets for renovations are on the rise: among homeowners planning renovations, 45 percent will spend $5,000 or more — an all-time survey high. Those planning to spend $35,000 or more doubled from 2017.
Feb 22, 2018 07:30 am ET
Detailed Research: Economic Perspectives on Intersect ENT, Granite Construction, Spok, Regeneron Pharmaceuticals, SunTrust Banks, and Interpublic Group of Companies — What Drives Growth in Today's Com
NEW YORK, Feb. 22, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Intersect ENT, Inc. (NASDAQ:XENT), Granite Construction...
Feb 21, 2018 10:49 am ET
SunTrust to Present at the Raymond James Institutional Investors Conference
ATLANTA, Feb. 21, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Raymond James Institutional Investors Conference in Orlando, Florida on Tuesday, March 6, 2018.
Feb 15, 2018 08:00 am ET
Renovation Time? Longer Repayment Timeline Announced
ATLANTA, Feb. 15, 2018 /PRNewswire/ -- LightStream, the online lending division of SunTrust Bank (NYSE: STI), has extended its home improvement financing terms from a maximum of 84 months to 144 months. The longer terms are available to excellent-credit customers seeking $25,000 - $100,000 for home renovations. As always with LightStream, customers can repay loans early with no penalty, and there are no application or closing fees.
Feb 14, 2018 07:45 am ET
SunTrust Announces Key Leadership Appointments
ATLANTA, Feb. 14, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced key leadership appointments to accelerate the execution of the company's strategy.
Feb 13, 2018 03:15 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, Feb. 13, 2018 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on March 15, 2018, to common shareholders of record at the close of business on February 28, 2018.
Feb 06, 2018 08:00 am ET
"I Do" Blame You: People Twice as Likely to Say They Save, Partner Spends
ATLANTA, Feb. 6, 2018 /PRNewswire/ -- People who are in relationships are more than twice as likely to claim that they are a saver but their partner is a spender, according to a new survey by SunTrust Banks, Inc. (NYSE: STI). Twenty-eight percent of 1,339 people surveyed said that they are a saver and their partner is a spender, but only 13 percent admitted that they are a spender and their partner is a saver.
Jan 31, 2018 08:00 am ET
Funding Olympic-Sized Dreams without Losing Sleep
ATLANTA, Jan. 31, 2018 /PRNewswire/ -- With the Winter Olympics around the corner, Americans will be captivated by the stories of athletes' tireless pursuits to reach their ambitions, many of them starting at a young age. The sacrifices are evident in a recent study commissioned by SunTrust Banks, Inc. (NYSE: STI) that reveals the average American family spends hundreds or thousands of dollars each year to support their children's activities.
Jan 29, 2018 03:15 pm ET
SunTrust Announces Redemption of Series E Depositary Shares
ATLANTA, Jan. 29, 2018 /PRNewswire/ -- SunTrust Banks, Inc. today announced that it has submitted a redemption notice to the company's depositary, U.S. Bank, National Association, for the full redemption of all 4,500 issued and outstanding shares of the Company's Perpetual Preferred Stock, Series E (Preferred Stock) and all 18,000,000 issued and outstanding shares of the related depositary shares (Series E Depositary Shares). Each Series E Depositary Share represents a 1/4,000 interest in a share of the Preferred Stock (NYSE: STI-E). The Board of Governors of the Federal Reserve System has p
Jan 19, 2018 08:05 am ET
SunTrust Announces Chief Information Officer Retirement, Appointment
ATLANTA, Jan. 19, 2018 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced that Anil Cheriyan will retire as chief information officer effective March 31, 2018, following a 36-year career in management consulting and information technology.
Jan 19, 2018 05:00 am ET
SunTrust Reports Fourth Quarter and Full Year 2017 Results
ATLANTA, Jan. 19, 2018 /PRNewswire/ -- For the fourth quarter of 2017, SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $710 million, or $1.48 per average common diluted share, which includes $0.39 per share of net discrete benefits from Form 8-K items announced on December 4, 2017 and the impacts of tax reform-related items summarized below.
Jan 17, 2018 08:10 am ET
SunTrust Foundation Awards $16.9 Million in Grants During 2017 to Advance Financial Well-Being in America
ATLANTA, Jan. 17, 2018 /PRNewswire/ -- The SunTrust Foundation announced today it awarded $16.9 million in grants in 2017 to more than 1,400 educational institutions and nonprofits to help people get access to the tools and resources they need to enhance their financial well-being.
Jan 03, 2018 03:55 pm ET
SunTrust Names Ellen Fitzsimmons as General Counsel
SunTrust Banks, Inc. (NYSE: STI) today announced that Ellen M.
Fitzsimmons will join the company as general counsel and corporate
executive vice president, succeeding Raymond D. Fortin who previously
announced his intention to retire following a distinguished 40-year
career. Effective January 8, Fitzsimmons will report to SunTrust
Chairman and CEO Bill Rogers, and serve as corporate secretary of the
SunTrust Board of Directors.
Dec 28, 2017 03:46 pm ET
SunTrust to Increase Minimum Wage, Build Teammate Savings and Create $50 Million Community Fund for Financial Well-Being
ATLANTA, Dec. 28, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is taking a series of actions to invest savings from tax reform in supporting the financial wellness of its workforce and communities.
Dec 13, 2017 04:30 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, Dec. 13, 2017 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 4.50% from 4.25%, effective December 14, 2017. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on June 15, 2017.
Dec 12, 2017 09:42 am ET
SunTrust to Announce Fourth Quarter 2017 Earnings Results Friday, January 19, 2018
ATLANTA, Dec. 12, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release fourth quarter 2017 results on Friday, January 19, 2018. SunTrust management will host a conference call that morning and details are as follows:
Dec 11, 2017 08:00 am ET
SunTrust Joins Zelle® to Enable Fast, Safe and Easy Payments Between Consumers
ATLANTA, Dec. 11, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it has officially launched Zelle, giving the bank's Consumer Online and Mobile Banking clients access to a new payments network to quickly and easily send and receive money.
Dec 05, 2017 05:45 am ET
Investor Expectations to Drive Momentum within Regeneron Pharmaceuticals, SunTrust Banks, Interpublic Group of Companies, Intersect ENT, Granite Construction, and Spok — Discovering Underlying Factors
NEW YORK, Dec. 05, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN), SunTrust...
Nov 21, 2017 01:14 pm ET
SunTrust to Present at the Goldman Sachs US Financial Services Conference
ATLANTA, Nov. 21, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Goldman Sachs US Financial Services Conference in New York on Wednesday, December 6, 2017.
Nov 16, 2017 10:00 am ET
SunTrust: Companies Look to Boost Financial Fitness This Benefits Season
ATLANTA, Nov. 16, 2017 /PRNewswire/ -- Dozens of progressive companies are now offering financial well-being programs to promote financial confidence among their employees and more employers are looking to add the programs to their roster of benefits.
Nov 16, 2017 06:59 am ET
Steve Voorhees Appointed to SunTrust Board of Directors
ATLANTA, Nov. 16, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced that Steve Voorhees has been appointed to its board of directors, effective January 1, 2018.
Nov 15, 2017 04:15 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, Nov. 15, 2017 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on December 15, 2017, to common shareholders of record at the close of business on November 30, 2017.
Nov 08, 2017 09:00 am ET
SunTrust Holiday Survey: Majority of Americans Would Give Up Gifts for Gatherings
ATLANTA, Nov. 8, 2017 /PRNewswire/ -- Nearly 7 in 10 Americans (69 percent) said they would skip exchanging gifts this holiday season if their friends and family agreed to it, according to a new survey conducted online by Harris Poll on behalf of SunTrust Banks, Inc. (NYSE: STI). A majority of those who spend time buying or making gifts (60 percent) said they would spend more time with friends and family if they didn't have to worry about gifts.
Nov 08, 2017 07:40 am ET
Report: Exploring Fundamental Drivers Behind Energen, Metlife, SunTrust Banks, CONSOL Energy, D.R. Horton, and 3D Systems - New Horizons, Emerging Trends, and Upcoming Developments
NEW YORK, Nov. 08, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Energen Corporation (NYSE:EGN), Metlife, Inc. (NYSE:MET),...
Oct 23, 2017 01:24 pm ET
SunTrust to Present at the BancAnalysts Association of Boston Conference
ATLANTA, Oct. 23, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the BancAnalysts Association of Boston Conference in Boston on Thursday, November 2, 2017.
Oct 20, 2017 07:00 am ET
SunTrust Reports Third Quarter 2017 Results
ATLANTA, Oct. 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $512 million, or $1.06 per average common diluted share. This compares to $1.03 for the prior quarter and $0.91 for the third quarter of 2016.
Oct 19, 2017 05:25 pm ET
Watch how LightStream created a forest in the middle of Times Square
ATLANTA, Oct. 19, 2017 /PRNewswire/ -- In just five hours overnight on October 18, Times Square was transformed from a concrete jungle into a woodland paradise by LightStream, the national online lending division of SunTrust Bank. Nearly 200 live trees, shrubs and plants -- oak, maple, and purple plum trees, as well as rhododendron, mountain laurels and more – provided a magical setting for thousands of visitors to enjoy and have their photo taken and shared on a Times Square billboard. The Forest of Dreams event kicked off LightStream's effort to plant 10,000 trees in October, one for each
Oct 10, 2017 12:00 pm ET
LightStream nationwide lending company plants Forest of Dreams in Times Square
ATLANTA, Oct. 10, 2017 /PRNewswire/ -- Visitors to the concrete jungle of New York's Times Square will be surprised when they find it transformed into a beautiful woodland oasis, a "Forest of Dreams," on October 18. The lush forest, filled with live trees and rescued wildlife, will be created by LightStream, the online lending division of SunTrust Bank. The company provides financial confidence with lending for almost anything, and has planted a tree for every loan funded since launching in 2013. The Forest of Dreams symbolizes the 1,000 acres of trees planted across the U.S. so far by
Oct 10, 2017 10:45 am ET
SunTrust Foundation Donates $220,000 to Aid Local Florida Organizations in Hurricane Irma Recovery
ATLANTA, Oct. 10, 2017 /PRNewswire/ -- The SunTrust Foundation announced today it has committed $220,000 in support of Hurricane Irma disaster relief efforts, with grants directed to nonprofit organizations in Florida who continue to assist individuals and businesses recovering from the storm's aftermath. Previously, the SunTrust Foundation donated $250,000 to the American Red Cross to aid first-responders in immediate Hurricane Irma relief efforts. "The SunTrust Foundation is proud to assist these 12 organizations who are working diligently throughout Florida to help people and businesses
Oct 06, 2017 10:05 am ET
SunTrust Pays Mobile Banking App Data Charges for AT&T Customers
ATLANTA, Oct. 6, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) will now pay most* data usage charges for AT&T Wireless customers using its mobile banking app. This service is available to AT&T Wireless and AT&T PREPAID customers who access the SunTrust Mobile App on AT&T's domestic wireless network.
Sep 25, 2017 02:00 pm ET
SunTrust Foundation Awards $800,000 in Grants to Winners of the 2017 Lighting the Way Awards
ATLANTA, Sept. 25, 2017 /PRNewswire/ -- Expanding the impact of the Lighting the Way Awards in their second year, the SunTrust Foundation today announced 30 nonprofit organizations will receive grants to further their local efforts to help individuals build financial confidence. The grants, totaling $800,000, were awarded to groups that have a specific focus in one or more of the Foundation's four strategic financial well-being areas – financial education, financial counseling, career readiness/workforce development, and small business/entrepreneurship.
Sep 25, 2017 10:00 am ET
SunTrust Announces Sale of Premium Assignment Corporation
ATLANTA, Sept. 25, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced it has reached a definitive agreement to sell the company's commercial lines insurance premium finance subsidiary, Premium Assignment Corporation (PAC), to IPFS Corporation.
Sep 20, 2017 10:00 am ET
SunTrust Expands its Private Wealth Management Business to New York City
ATLANTA, Sept. 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is establishing a Private Wealth Management office in New York City. Robert Weiss, a 25-year veteran of the wealth management industry, will lead the Northeast Division of SunTrust Private Wealth Management. Weiss is joined by four wealth management professionals who are based in the bank's Rockefeller Center office.
Sep 14, 2017 03:00 pm ET
SunTrust to Announce Third Quarter 2017 Earnings Results Friday, October 20, 2017
ATLANTA, Sept. 14, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release third quarter 2017 results on Friday, October 20, 2017. SunTrust management will host a conference call that morning and details are as follows:
Sep 11, 2017 03:43 pm ET
SunTrust Foundation to Donate $500,000 to Aid Organizations Assisting in Hurricane Irma Disaster Relief
ATLANTA, Sept. 11, 2017 /PRNewswire/ -- The SunTrust Foundation announced today it will commit a total of $500,000 to various disaster relief and recovery efforts in support of the communities and businesses impacted by Hurricane Irma.
Aug 28, 2017 01:59 pm ET
SunTrust Foundation Donates $100,000 to American Red Cross to Aid in Hurricane Harvey Disaster Relief
ATLANTA, Aug. 28, 2017 /PRNewswire/ -- Today, the SunTrust Foundation announced a $100,000 grant to the American Red Cross to assist the thousands of Southeast Texas residents impacted by the flash floods and destruction left in the wake of Hurricane Harvey.
Aug 21, 2017 03:48 pm ET
SunTrust to Present at the Barclays Global Financial Services Conference
ATLANTA, Aug. 21, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Barclays Global Financial Services Conference in New York on Tuesday, September 12, 2017.
Aug 18, 2017 11:00 am ET
SunTrust Financial Confidence Center Opens at Crosstown Concourse
MEMPHIS, Tenn., Aug. 18, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) will host the onUp on tour August 24 at the recently opened SunTrust Financial Confidence Center at the Crosstown Concourse development in Memphis. SunTrust Financial Confidence Center offers advice and resources to help community members build financial confidence. onUp on tour is a pop-up, entertainment experience that inspires visitors to learn about finances through fun, interactive, sports-based activities.
Aug 16, 2017 10:15 am ET
SunTrust Expands Cash Back Rewards Program
ATLANTA, Aug. 16, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) credit and debit card clients now have more ways to earn cash back on their purchases through SunTrust Deals. SunTrust Deals is a personalized program that offers cash back on transactions that are made using a SunTrust debit or credit card with selected merchants. SunTrust Deals cash back is in addition to other rewards clients already earn with SunTrust credit or debit cards.
Aug 09, 2017 11:00 am ET
SunTrust Announces Expanded Presence of Commercial Banking
ATLANTA, Aug. 9, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is opening Commercial Banking representative offices in the Midwest and Southwest regions, naming market presidents in Ohio and Texas. These new representative offices complement a number of SunTrust business lines that serve clients nationally, including corporate and investment banking through SunTrust Robinson Humphrey (STRH) and commercial real estate.
Aug 08, 2017 05:15 pm ET
SunTrust Board Approves Increase in Common Stock Dividend
ATLANTA, Aug. 8, 2017 /PRNewswire/ -- The board of directors of SunTrust Banks, Inc. (NYSE: STI) today approved an increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.40 per common share was declared payable on September 15, 2017, to shareholders of record at the close of business on August 31, 2017. The previous quarterly dividend was $0.26.
Jul 26, 2017 10:00 am ET
SunTrust Survey: Mortgages Are Going to the Dogs
ATLANTA, July 26, 2017 /PRNewswire/ -- A third of millennial-aged Americans (ages 18 to 36) who purchased their first home (33%) say the desire to have a better space or yard for a dog influenced their decision to purchase their first home, according to a new survey conducted online by Harris Poll on behalf of SunTrust Mortgage, a division of SunTrust Banks, Inc. (NYSE: STI). Dogs ranked among the top three motivators for first-time home purchasers and were cited by more millennials than marriage/upcoming marriage, 25 percent, or the birth/expected birth of a child, 19 percent.
Jul 21, 2017 07:00 am ET
SunTrust Reports Second Quarter 2017 Results
ATLANTA, July 21, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $505 million, or $1.03 per average common diluted share.
Jun 28, 2017 05:45 pm ET
SunTrust to Increase Quarterly Common Stock Dividend and Share Repurchase Program
ATLANTA, June 28, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI and the "Company") announced today that the Federal Reserve Board has completed its review of the Company's Capital Plan submitted in connection with the 2017 Comprehensive Capital Analysis and Review (CCAR) and has no objections to the Company's planned capital actions. The capital actions, subject to the approval of SunTrust's Board of Directors and anticipated to cover four quarters, include:
Jun 27, 2017 01:00 pm ET
Financial Wellness is Now the Must-have Employee Benefit
ATLANTA, June 27, 2017 /PRNewswire/ -- Financial wellness is the next benefit frontier for leading employers, and SunTrust Banks, Inc. (NYSE: STI) today announced an industry-leading workplace financial wellness program for companies. SunTrust is offering the not-for-profit program as part of its onUp movement to build financial confidence in America.
Jun 20, 2017 11:00 am ET
SunTrust Announces Financial Confidence Tour Inspiring Americans to Take Control of Their Finances
ATLANTA, June 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is taking its financial confidence message on the road with "onUp on Tour," a pop-up, entertainment experience that inspires visitors to learn about finances through fun, interactive, sports-based activities. Making stops in more than 45 cities, SunTrust aims to get thousands of people at each location to join the onUp movement and take actions toward financial confidence with free tools, tips and resources.
Jun 16, 2017 12:50 pm ET
SunTrust Pledges Ongoing Commitment to Diversity & Inclusion
ATLANTA, June 16, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today it has signed the CEO Action for Diversity & InclusionTM, the largest CEO-driven business commitment to advance diversity and inclusion within the workplace.
Jun 14, 2017 04:27 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, June 14, 2017 /PRNewswire/ -- Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 4.25% from 4.00%, effective June 15, 2017. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on March 16, 2017.
Jun 08, 2017 12:31 pm ET
SunTrust to Announce Second Quarter 2017 Earnings Results Friday, July 21, 2017
ATLANTA, June 8, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it plans to release second quarter 2017 results on Friday, July 21, 2017. SunTrust management will host a conference call that morning and details are as follows:
May 12, 2017 01:55 pm ET
SunTrust to Speak at the Bernstein Strategic Decisions Conference
ATLANTA, May 12, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to speak at the Bernstein Strategic Decisions Conference on Thursday, June 1, 2017.
May 03, 2017 10:00 am ET
SunTrust: How to Jockey your Way to the Financial Winner's Circle
ATLANTA, May 3, 2017 /PRNewswire/ -- Saving for retirement can feel like a race against time, with competing priorities constantly pushing your financial progress off track. Through its onUp movement, SunTrust Banks, Inc. (NYSE: STI) wants to help by providing derby-inspired tools and tips to help people gain prime position at each turn of the savings race so they can reach the retirement winner's circle.
May 02, 2017 03:14 pm ET
SunTrust to Present at the Barclays Americas Select Conference
ATLANTA, May 2, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Barclays Americas Select Conference in London on Tuesday, May 16, 2017.
Apr 25, 2017 04:15 pm ET
SunTrust Shareholders Elect Agnes Bundy Scanlan to Board of Directors
ATLANTA, April 25, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) Chairman and Chief Executive Officer William H. Rogers, Jr. today announced that Agnes Bundy Scanlan has been newly elected to the SunTrust Board of Directors.
Apr 25, 2017 02:13 pm ET
SunTrust Declares Quarterly Dividend
ATLANTA, April 25, 2017 /PRNewswire/ -- 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 June 15, 2017, to shareholders of record at the close of business on May 31, 2017.
Apr 21, 2017 07:00 am ET
SunTrust Reports First Quarter 2017 Results
ATLANTA, April 21, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $451 million, or $0.91 per average common diluted share, which includes $0.04 of tax benefits. When adjusting for these benefits, earnings were $0.87, down 3% sequentially, given typical seasonality, and up 4% compared to the prior year as a result of strong 7% revenue growth and reduced shares outstanding.
Apr 18, 2017 10:00 am ET
Arnold Evans Named SunTrust Enterprise Ethics Officer
ATLANTA, April 18, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has promoted Arnold Evans to a newly created position as enterprise ethics officer. In this role, Evans will further ensure that the company's business practices and risk culture are consistent with its values and purpose of Lighting the Way to Financial Well-Being. Evans will report to SunTrust Chief Risk Officer Jerome Lienhard.
Apr 17, 2017 10:30 am ET
SunTrust Robinson Humphrey Announces New Managing Directors
ATLANTA, April 17, 2017 /PRNewswire/ -- SunTrust Robinson Humphrey is pleased to announce leaders who have been promoted to the position of managing director. These are talented, hard-working individuals whose deep commitment, drive, and skilled expertise are focused on delivering industry-leading corporate and investment banking solutions for clients of SunTrust. Further, these leaders represent the broad array of capabilities at SunTrust Robinson Humphrey, and are demonstrative of the deep expertise and solutions available to the company's clients.
Apr 14, 2017 10:30 am ET
SunTrust Celebrates Opening Day at SunTrust Park - the New Home of the Atlanta Braves
ATLANTA, April 14, 2017 /PRNewswire/ -- SunTrust Park, the new state-of-the-art home of the Atlanta Braves, officially opens its doors today. The partnership between the Atlanta Braves and SunTrust Banks, Inc. (NYSE: STI) unites two iconic Atlanta brands to create a premier destination and sets a new standard in naming rights sponsorships.
Apr 05, 2017 11:38 am ET
SunTrust Private Wealth Management Expands Business Into Houston and Dallas
ATLANTA, April 5, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announces it has established new Private Wealth Management offices in Houston and Dallas. Karen Dixon, a 30-year veteran of the banking industry, has joined SunTrust to lead the Texas division. In addition to Dixon, seven other wealth management professionals have joined SunTrust Private Wealth Management in Texas.
Mar 21, 2017 10:00 am ET
SunTrust: Small and Mid-market Business Bullish on Economic and Company Growth
ATLANTA, March 21, 2017 /PRNewswire/ -- According to the annual Business Pulse Survey by SunTrust Banks, Inc. (NYSE: STI), nearly two-thirds of business leaders expect the global and U.S. economy to improve through 2017. Even more optimistic about their own companies, as 75 percent of middle market (annual revenue of $10-150 million) and small business (annual revenue of $2-10 million) leaders feel their business outlook is strong. Both segments have high expectations for healthcare (46 percent) and tax reform (44 percent) as a catalyst for growth. Mid-market leaders also cite reducing
Mar 20, 2017 11:00 am ET
Allison Dukes Appointed Commercial and Business Banking Executive
ATLANTA, March 20, 2017 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is pleased to announce that Allison Dukes has been appointed Commercial and Business Banking executive, effective April 3. Dukes succeeds Hugh ("Beau") Cummins III, who was recently appointed Wholesale Segment executive. She currently serves as chairman, president and CEO of the Atlanta Division of SunTrust, and will retain her position as chairman of the Atlanta Division. Dukes will report to Cummins.
Mar 16, 2017 12:00 pm ET
SunTrust Reveals the Power of Financial Confidence in New Ad Campaign
ATLANTA, March 16, 2017 /PRNewswire/ -- One year after the Super Bowl ad that launched the onUp movement, which recently surpassed 1.3 million participants, SunTrust Banks, Inc. (NYSE: STI) unveiled the next phase of its marketing campaign inspiring Americans to take control of their finances. Titled "Confidence Starts Here," the ads challenge traditional bank advertising. Rather than promoting products, the campaign celebrates what it feels like when someone achieves financial confidence.
Mar 15, 2017 05:33 pm ET
SunTrust Bank Increases Prime Rate
ATLANTA, March 15, 2017 /PRNewswire/ -- SunTrust Bank announced today it has increased its prime lending rate to 4.00% from 3.75%, effective March 16, 2017. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on December 15, 2016.
Mar 15, 2017 10:00 am ET
SunTrust: Americans Split on How They Will Use 2016 Tax Refunds
ATLANTA, March 15, 2017 /PRNewswire/ -- Twenty-five percent of Americans who expect to receive a tax refund in 2017 plan to make a major purchase before receiving the money, according to a new SunTrust Banks, Inc. (NYSE: STI) survey conducted online by Harris Poll in January. This percentage rises to 36 percent for millennials ages 18 to 34, and to 40 percent for Gen Xers ages 35 to 44.
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