Bank of Elmwood faces federal deadline

admin — Thu, 23 Jul 2009 21:14:16 +0000

The Bank of Elmwood in Racine has failed to submit “an acceptable capital restoration plan” to the Federal Reserve System and now faces an Aug. 29 deadline to take corrective actions, including raising more capital or selling or merging the bank.

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Bank of Elmwood faces federal deadline

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Bank of Elmwood faces federal deadline

SunTrust to raise $1.4B in stock offer

admin — Mon, 01 Jun 2009 18:22:18 +0000

SunTrust Banks Inc. will raise $1.4 billion through a stock offering in an effort to meet federal requirements for the bank to add capital. (STI)

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SunTrust to raise $1.4B in stock offer

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SunTrust to raise $1.4B in stock offer

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Bank of Elmwood faces federal deadline

SunTrust to raise $1.4B in stock offer