Press release article from our research archive:

SUNBANK TO ACQUIRE KEY BISCAYNE BANKCORP, INC.

MIAMI, May 31 /PRNewswire/ -- SunTrust Banks, (NYSE: STI) a super- regional bank holding company headquartered in Atlanta, Georgia, and Key Biscayne Bankcorp, Inc., a community bank holding company headquartered in Key Biscayne, Florida, have announced that they have executed a definitive agreement for SunTrust to acquire Key Biscayne Bankcorp, Inc. and its wholly owned subsidiary, Key Biscayne Bank & Trust.

Key Biscayne Bank & Trust, a $145 million asset institution with one office, is the largest and oldest bank on the island. Following the acquisition, Key Biscayne Bank & Trust will consolidate with SunTrust's subsidiary SunBank/Miami, N.A. SunBank/Miami currently ...

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