Key Developments: SunTrust Banks Inc (STI)
31.88USD
17 May 2013
$0.61 (+1.95%)
$31.27
$31.45
$31.91
$31.37
4,295,413
4,939,162
$31.91
$20.96
Latest Key Developments (Source: Significant Developments)
Suntrust Banks Inc Announces Increase in Common Stock Dividend
Suntrust Banks Inc announced an increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.10 per common share was declared payable on June 14, 2013, to shareholders of record at the close of business on May 31, 2013. The previous quarterly dividend was $0.05. Full Article
Suntrust Banks Inc Declares Quarterly Dividend
Suntrust Banks Inc announced that it has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on March 15, 2013, to shareholders of record at the close of business on March 1, 2013. Full Article
SunTrust Banks, Inc. And Other US Banks To Pay $8.5 Billion To End Foreclosure Reviews-Reuters
Reuters reported that a group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive. The reviews followed the 'robo-signing' scandal that emerged in 2010 involving allegations banks pursued faulty foreclosures by using defective or fraudulent documents. Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, Metlife Inc, and five others will pay $3.3 billion directly to eligible borrowers, and $5.2 billion in loan modifications and forgiveness. The OCC and the Federal Reserve Board said they accepted the agreement to get relief to consumers more quickly than through the reviews. In April 2011, the government required the servicers to review foreclosure actions from 2009 and 2010 to determine whether borrowers had been unlawfully foreclosed on or suffered some other financial harm due to errors in the foreclosure process. The other banks involved in the settlement are Aurora, PNC Financial Services Group Inc, Sovereign, Suntrust Banks Inc, and U.S. Bancorp. Regulators are continuing negotiations whether four other servicers, and are also expected to enter into similar settlements with them. Full Article
Suntrust Banks Inc Declares Quarterly Dividend
Suntrust Banks Inc announced that it has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on December 14, 2012, to shareholders of record at the close of business on November 30, 2012. Full Article
SEI Investments Co Expands Long Term Relationship With Suntrust Banks Inc
SEI Investments Co announced that it has extended its multi-year strategic partnership with Suntrust Banks Inc through 2020. As part of the new agreement, SEI will now handle securities processing functions for SunTrust's Private Wealth Management business. Full Article
Suntrust Banks Inc Declares Quarterly Dividend
Suntrust Banks Inc announced that it has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on September 14, 2012, to shareholders of record at the close of business on August 31, 2012. The Board of Directors also declared a quarterly cash dividend of $1,022.22 per share on SunTrust's Perpetual Preferred Stock, Series A, payable in cash on September 14, 2012, to shareholders of record at the close of business on August 31, 2012. Full Article
SunTrust Banks, Inc. Declares Quarterly Dividend
SunTrust Banks, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on June 15, 2012, to shareholders of record at the close of business on June 1, 2012. The Board of Directors also declared a quarterly cash dividend of $1,022.22222222222 per share on SunTrust's Perpetual Preferred Stock, Series A, payable in cash on June 15, 2012, to shareholders of record at the close of business on June 1, 2012. Full Article
SunTrust Banks, Inc. Declares Quarterly Dividend
SunTrust Banks, Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share. The dividend is payable on March 14, 2012, to shareholders of record at the close of business on March 1, 2012. The Board of Directors also declared a quarterly cash dividend of $1,011.11 per share on SunTrust's Perpetual Preferred Stock, Series A, payable in cash on March 15, 2012, to shareholders of record at the close of business on March 1, 2012. Full Article
SunTrust Banks, Inc. To Acquire FirstAgain LLC
SunTrust Banks, Inc. and FirstAgain LLC announced the signing of a definitive agreement under which SunTrust will acquire substantially all of the assets of FirstAgain and enhance SunTrust's capabilities in the direct online lending market. San Diego-based FirstAgain specializes in providing direct unsecured loans to super-prime borrowers via the Internet. Founded in 2005, the company developed and operates proprietary technology which offers clients a completely digital and paperless origination, underwriting and servicing experience. Terms of the transaction were not disclosed. Pending customary regulatory approvals, the companies expect the transaction to close in the second quarter of 2012. FirstAgain will operate with its current management team as a unit of SunTrust's Consumer Banking line of business. SunTrust Robinson Humphrey, Inc. advised SunTrust on the transaction. Full Article
SunTrust Banks, Inc. Announces Management Change
SunTrust Banks, Inc. announced that William H. Rogers, Jr. -- the Company's President and Chief Executive Officer since June 2011 -- will assume the additional role and title of Chairman of the Board on January 1, 2012. Mr. Rogers' assumption of this additional role coincides with the previously announced decision of Executive Chairman James M. Wells III to retire effective December 31, 2011, following a 43-year-career with the Company. Mr. Rogers, 53, will assume overall executive management responsibility for SunTrust's strategy, business operations and financial performance, and oversee the business of, and matters coming before, the Board of Directors. Mr. Wells, 65, who served as SunTrust's Chairman and Chief Executive Officer for three years prior to assuming the Executive Chairman position in June of this year, said he also will retire from the SunTrust Board of Directors on December 31, 2011. Full Article
CORRECTED-U.S. judge blocks $13 million arbitration against SunTrust
NEW YORK, May 17 - SunTrust Banks Inc won a court order on Friday preventing a Connecticut-based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities.
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