Strumors - STIStrumors - STIhttp://strumors.com/symbol/stiSunTrust to Receive $4.9 Billion From Government Bailouthttp://strumors.com/1770SunTrust Banks stated Tuesday it has received preliminary approval for an additional $1.4 billion from the U.S. Treasury Department. SunTrust has already received $3.5 billion in the form of preferred shares under the program. Fri, 02 Nov 2007 09:01:09 -0400http://strumors.com/1770SunTrust Reports 26 Percent Decline in Earningshttp://strumors.com/1609SunTrust Banks Inc. reported a 26 percent decline for its third-quarter. However, despite the large losses due to bad loans, the company's earnings of 88 cents per share easily beat analysts expectations of 60 cents per share. Wed, 31 Oct 2007 23:02:01 -0400http://strumors.com/1609SunTrust Cuts Prime Lending Rate to 4.5 Percenthttp://strumors.com/1556SunTrust immediately cut its prime lending rate to 4.5 percent from 5 percent, following the Fed's move to cut the Federal Funds rate to 1.5 percent. The prime rate is a key benchmark for corporate and consumer credit loans.Wed, 31 Oct 2007 08:01:08 -0400http://strumors.com/1556First Priority Bank Represents 8th U.S. Bank Failure this Yearhttp://strumors.com/1322Friday, First Priority Bank was closed by regulator Friday. This is the eighth American bank this year to fail. SunTrust has agreed to assume the insured deposits. Starting Monday the six First Priority Bank branches will open as branches of SunTrust bank. The small bank had $259 million in assets and $227 million in deposits.Sat, 08 Dec 2007 03:00:09 -0500http://strumors.com/1322SunTrust Hits 52-Week Lowhttp://strumors.com/1240Shares of SunTrust bank hit a new 52-week low Monday, after a Friedman, Billings, Ramesy & Co. analyst warned that the bank has significant exposure to residential construction loans. Fri, 07 Dec 2007 07:02:00 -0500http://strumors.com/1240SunTrust Says No Dividend Cuthttp://strumors.com/1189SunTrust affirmed reports that the company is not planning to issue any additional shares and is not anticipating the need to cut its dividend. SunTrust reports second quarter earnings on July 22, 2008. Thu, 06 Dec 2007 21:00:08 -0500http://strumors.com/1189SunTrust Raises Their Dividendhttp://strumors.com/699After large cuts in the federal funds rates, SunTrust is now able to raise its dividend signaling a possible turn around for the banking industry. SunTrust raised its dividend by 5% to 77 cents making its dividend yield roughly five percent.Sun, 02 Dec 2007 12:02:00 -0500http://strumors.com/699