| Blue Chip News: BWR Begins Tracking SunTrust Banks Inc.
Coca-Cola, fast cars, and SunTrust Banks -- this Sun Belt financial holding company is southern to its core. Its eponymous flagship subsidiary SunTrust Bank operates approximately 1,600 bank branches across an arc of southeastern states, including Alabama, the Carolinas, Florida, Georgia, Maryland, Tennessee, and Virginia, plus Washington, DC. The bank's offerings include retail and commercial banking, as well as trust services, credit cards, mortgage banking, mutual funds, insurance, lease financing, asset management, and securities underwriting and dealing. Shares were down 2% announcing plans to release first quarter results. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio. Investors seeking the most up to date information on SunTrust Banks Inc.
CT CAPITAL, Florida Hard Money Lender offers short term bridge ...
/24-7PressRelease/ - FORT LAUDERDALE, FL, March 16, 2007 - CT Capital offers bridge loans for non-conforming, residential (non-owner occupied) and commercial real estate projects. We are a hard money lender working directly with the public. As a licensed Florida Mortgage Lender we review, accept, fund and service our own loans. Institutionally backed, CT Capital is able to offer rates & terms that are unavailable to other lenders. This vast funding capability enables us to provide funding immediately. CT Capital is located in Fort Lauderdale, Florida and serves brokers and borrowers across the state. As a direct lender and seasoned real estate investor, we offer many services which others are unable to provide. .
Fulton Financial Anticipates First-Quarter Charge From Mortgage ...
Fulton Financial Corporation (NASDAQ: FULT) ("Fulton") expects to recognize a pre-tax charge against earnings of $5.5 million during the quarter ending March 31, 2007 related to losses that may be incurred by Fulton due to the repurchase of residential mortgage loans and home equity loans that had been originated and sold in the secondary market by Resource Bank ("Resource"), a wholly owned subsidiary of Fulton. In addition, Fulton reported that it will recognize interest income of approximately $3.4 million before tax and a recovery of $400,000 to the allowance for loan losses during the quarter as the result of the resolution of a charged-off commercial mortgage by another of its subsidiaries, Fulton Bank. The net effect of these items is expected to reduce Fulton's first quarter 2007 earnings by approximately $.01 per share.
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