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Latest News Headlines for Suntrust Banks Inc
The call for entries for the Barlow Research 2010 Monarch Innovation Awards, which recognize financial institutions and vendors that provide innovative products to business customers, is in full swing and the deadline for submissions is fast approaching on December 4, 2009. Past winners of the Monarch Innovation Awards include Bank of America's Small Business Online Community, Wells Fargo's Spending Report with Budget Watch, SunTrust's Fraud Inspector and Digital Insight's Small Business FinanceWorks.
SunTrust Banks, Inc. (NYSE: STI) announced today that it has added an FDIC insured account as an investment option for companies who choose SunTrust as their institutional 401(k) provider. SunTrust is among the first to offer an FDIC insured deposit account as part of an institutional 401(k) investment platform.
The Board of Directors of SunTrust Banks, Inc. (NYSE: STI) today declared a regular quarterly cash dividend of $0.01 per common share. The dividend is payable on December 15, 2009, to shareholders of record on December 1, 2009.
SunTrust Banks, Inc. (NYSE: STI) has been selected by the U. S. Treasury Department's Community Development Financial Institutions Fund to receive $70 million in tax credit allocation authority in the 2009 round of the New Markets Tax Credit (NMTC) Program. The company's subsidiary, SunTrust Community Development Enterprises, LLC, was one of more than 90 recipients receiving awards totaling $5 billion. This latest allocation to SunTrust is in addition to $225 million in previous rounds of which SunTrust has deployed $130.9 million. This is the fourth year SunTrust has been selected as a recipient.
The world's leading brands have embraced the power of the real-time web, and CoTweet is playing a key role in their success. CoTweet today announced that companies including Coca-Cola, Ford, McDonald's, Microsoft, SunTrust, Whole Foods and others have enrolled in the CoTweet Enterprise Innovators Program, a new program that includes exclusive Enterprise Edition product features and services that help companies manage their brands on Twitter. The program is available to customers for a fee, demonstrating one of the first examples of a Twitter ecosystem application to generate revenue.
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