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ATLANTA, March 18, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced that the Federal Reserve has completed its review and has not objected to SunTrust's capital plan submitted in connection with the Comprehensive Capital Analysis and Review (CCAR). The Company also said it has commenced an approximate $1 billion common stock offering today, a key step in the Company's planned repurchase of its preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program's (TARP) Capital Purchase Program. Subject to approval by the U.S. Treasury, SunTrust intends to use the net proceeds of this offering, together with those of a planned $1 billion senior debt offering and other available funds, to repurchase its $3.50 billion of Fixed Rate Cumulative Preferred Stock,...
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CLEVELAND, March 18, 2011 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today it has commenced an underwritten public offering of $625 million of its common stock in connection with its plan to repurchase the $2.5 billion of the Series B Fixed-Rate Cumulative Perpetual Preferred Stock it issued to the U.S. Treasury under the TARP Capital Purchase Program. Key is proceeding with these capital actions pursuant to its capital plan (the "Plan") submitted to the Federal Reserve on January 7, 2011. Today, the Federal Reserve informed Key that it had no objections to the capital actions set forth in the Plan. Key also intends to promptly commence a separate registered public offering of senior notes. Proceeds from both offerings, together with other available funds, will be used to repurchase ...
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WEST CHESTER, Pa., Dec. 2, 2011 /PRNewswire/ -- ComCam International, Inc. (OTC Bulletin Board: CMCJ) announced today that the Securities and Exchange Commission has suspended the trading of its common stock. The suspension caused the halt of trading on the OTCBB and OTCQB at 12 p.m. Eastern Standard time yesterday.
