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SunTrust Banks to receive $3.5B from Treasury

Source: International Business Times

New York : NY : USA | about 1 year ago

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The bank said it plans to use the capital to expand lending and other business capabilities, and may also explore potential acquisitions. "Our participation in the Capital Purchase Program enhances SunTrust's already solid capital position and will permit us to further expand our business and take...

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News Stories

Zions Bancorp to receive $1.4B Treasury investment

News Source: International Business Times | about 1 year ago

Zions said it plans to use the capital for "prudent lending." It also announced that it will cut its quarterly dividend by 26 percent. As part of its $700 billion financial rescue package passed last month, the government is pouring $125 billion...
First Horizon to receive $866M Treasury investment

News Source: International Business Times | about 1 year ago

As part of its $700 billion financial rescue package passed last month, the government is pouring $125 billion into nine large financial companies through stock purchases, while another $125 billion is being made available to other banks. First...
U.S. buying $3.5 billion stake in SunTrust

News Source: Atlanta Journal-Constitution | about 1 year ago

The move “enhances SunTrust’s already solid capital position and will permit us to further expand our business and take advantage of growth opportunities,” SunTrust Chairman James M. Wells III said in a statement. “In addition, we are pleased...
State Street to receive $2 billion from Treasury

News Source: International Business Times | about 1 year ago

State Street, which agreed to participate in the program earlier this month, said it expects the transaction to close within the next several days. As part of its $700 billion financial rescue package passed last month, the government is pouring $125...
SunTrust Banks to receive $3.5B from Treasury

News Source: International Business Times | about 1 year ago

The bank said it plans to use the capital to expand lending and other business capabilities, and may also explore potential acquisitions. "Our participation in the Capital Purchase Program enhances SunTrust's already solid capital position and will...