common stock preferred stock
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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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Move Will Further Enhance Morgan Stanley's Tier 1 Common Capital Position and Strengthen the Two Firms' Global Strategic Alliance
TOKYO & NEW YORK -...
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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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First Niagara Financial Group has priced its offering of 52.94 million shares of common stock at $8.50 per share and will also sell preferred stock for $25 per share.
The dual offerings by the Buffalo-based banking company are part of its plan to finance its $1 billion acquisition of 195 HSBC Bank USA branches across upstate New York and southeastern Connecticut.
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SAN JUAN, Puerto Rico -- First BanCorp (the "Corporation") (NYSE: FBP), the holding company for FirstBank Puerto Rico (the "Bank"), today announced th...
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KANSAS CITY, Mo. -- Kansas City Southern (KCS) (NYSE:KSU) announces that the conditions required for conversion of KCS's 5.125% Cumulative Convertible...
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TOLEDO, Ohio -- Health Care REIT, Inc. (NYSE:HCN) announced that it intends to offer, subject to market and other conditions, concurrent underwritten ...
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TOLEDO, Ohio -- Health Care REIT, Inc. (NYSE:HCN) today announced the pricing of its concurrent underwritten public offerings of 25.0 million shares o...
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TOLEDO, Ohio -- Health Care REIT, Inc. (NYSE:HCN) today announced it has successfully completed its public offerings of 28.75 million shares of common...
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ALBUQUERQUE, N.M. -- The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividends of $0.125 per share on its com...