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SunTrust raised the capitaol through a and other The common stock offeringsold 124.2 million in sharesx and raised $1.56 billion in new capital. Througn the combination of this equity offering and the completion of an common stock offering thatraised $258 the company has raisef $1.82 billion of Tier 1 common SunTrust -- Greater Baltimore's seventh-largesyt bank when ranked by depositsx -- also sold shares for a net after-tax gain of $70 Due to the completion of the $190 million of potential deferred tax assets undere Federal Reserve's Supervisory Capital Assessment Program "more adverse" scenario will now contribute to the company'sx Tier 1 common capital buffer requirement.
When combiner with the offerings, these items totak $2.08 billion, or 96 percent of the $2.166 billion of Tier 1 common indicated bythe "The positive reaction to our stock offering underscoresa what we believe to be the market's confidence in our strategies and, especially, our post-recession growthn prospects," said James M. Wells III, SunTrusrt chairman and CEO, in a news release. Wells also notedx that with lessthan $100 million remaining, the compangy has essentially completed its common equity capital-generation obligationsx under SCAP.
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