Report: SunTrust an acquisition target

Press release from the issuing company

Wednesday, April 7th, 2010

Let the acquisition rumor mill for SunTrust Banks Inc. begin, again.  On Tuesday, Credit Suisse issued an investor report stating that the Atlanta-based regional giant could be a target for an international bank looking to play in America, numerous media outlets reported.  The rumor mill cranked up earlier this year following a Wall Street Journal report that London-based Barclays was looking to make a deal in the U.S. The nation's seventh largest bank by assets and deposits has long been the subject of takeover rumors, particularly during the current downturn.  The latest report by a Credit Suisse analysts says SunTrust (NYSE: STI) could be a tempting target for an international suitor.  (read more at Atlanta Business Chronicle)