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  •   Suntrust Announces Final Results of Tender Offer
SunTrust Banks, Inc. (NYSE: STI) announced today the final results of SunTrust Bank's cash tender offer (the "Tender Offer") to purchase up to $750,000,000 aggregate principal amount (the "Maximum Tender Amount") of certain of its currently outstanding subordinated debt securities (the "Notes"). The Tender Offer expired at 11:59 p.m., New York City time, on August 20, 2010.
Suntrust Mortgage, Inc.,Mike McCoy,Atlanta   09/02/2010

  •   Northern Rock Launches Issue 2 of the Little Rock Fixed Rate Bond
Northern Rock has launched a new issue of its Little Rock Fixed Rate Bond to help children save for their future following the unprecedented popularity of the Little Rock Fixed Rate Bond (Issue 1) that was launched in early August.
Northern Rock,Jule Wilson,Gosforth England  09/02/2010

  •   Forest City Announces Closing of $46.1 Million Financing for D.C. Apartment Project at The Yards
Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:and) (NYSE:FCEB) today announced that a subsidiary closed a $46.1 million HUD-insured mortgage loan for Foundry Lofts, a 170-unit, 80/20 multifamily apartment building at The Yards, Forest City's mixed-use project in southeast Washington, D.C.
Forest City Enterprises, Inc.,Robert O'Brien,Cleveland   09/01/2010

  •   Chinaventure`s Cvsource Report - 2005 Vintage USD Funds in China: IRR 5%
USD funds have been the first choice for local enterprises looking for private placements since foreign VC/PE institutions flocked to China in 2004. Close analysis of returns earned by China-focused VC/PE USD funds found that, by the end of 2009, the Remaining Value to Paid-in Capital of most post-2004 vintage USD funds is more than 80%, and their Distribution to Paid-in Capital varies in the 0-5% range. In general, post-2008 vintage growth funds tend to be more profitable than venture funds.
ChinaVenture,Swigee Ma,Beijing   09/01/2010

  •   Independent Bank Corporation Announces 1-For-10 Reverse Stock Split
Independent Bank Corporation (NASDAQ:IBCP) , the holding company of Independent Bank, a Michigan-based community bank, announced today that it has taken steps to initiate a one-for-ten reverse stock split of the Company's common stock to be effective Aug. 31, 2010. As a result of the reverse stock split, every ten shares of the Company's common stock issued and outstanding immediately prior to the effective date will be combined into one share of common stock. The Company will not issue fractional shares of common stock. Fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share. The Company expects that trading of its common stock on the NASDAQ Global Select Market on a split-adjusted basis will begin at the open of trading on Sept. 1, 2010. Completion of the reverse stock split is subject to the Company's completion of the steps necessary to implement the reverse split, which are expected to occur prior to the planned effective date of Aug. 31, 2010.
Independent Bank Corporation,Robert Shuster,Ionia Mich.  09/01/2010

  •   Wolf Popper and Greenbaum Rowe Report on Class Action Concerning the Schwab Total Bond Market Fund (`swlbx`)
Wolf Popper LLP and Greenbaum Rowe Smith & Davis LLP, co-lead counsel for the named plaintiff in Northstar Investment Advisor Inc. v. Schwab Investments, 08 cv 4119 (N.D. Cal.), invite interested shareholders in the Schwab Total Bond Market Fund (symbol: SWLBX) to contact Robert Finkel (212-451-9620) or Marc Gross (973-577-1810) to discuss the status of the action. The Northstar complaint alleges that defendants deviated from the Fund's stated investment policy to track the Lehman Brothers U.S. Aggregate Bond Index by investing in high-risk non-U.S. agency collateralized mortgage obligations, rather than the conservative debt instruments that were part of the Index. On August 12, 2010, the Ninth Circuit granted defendants' appeal seeking to dismiss plaintiff's claim under the Investment Company Act of 1940. Other state law claims remain in the action and are being aggressively prosecuted by co-lead counsel.
Wolf Popper LLP,Robert C. Finkel,San Francisco   09/01/2010