SunTrust Banks Inc. (STI) is coming off a busy week.

The Atlanta-based financial institution on Friday released its third-quarter earnings and reported $457 million net income was available to common shareholders. One day earlier, SunTrust announced the asset acquisition of Pillar Financial, which includes the parent company’s multi-family lending business and Chicago-based Cohen Financial’s commercial real estate investor services division, according to a press releases.

Investors reacted conservatively to SunTrust’s Q3 and acquisition news. Its stocks rose just .20% as of 2:22 p.m. Monday, but at $45.75, it’s just $1.13 shy of topping its 52-week high.

SunTrust operates three business lines: Consumer banking and private wealth management, mortgage banking and wholesale banking. As of June 30, it had total assets of $199 billion and total deposits of $153 billion, according to the company.

Among its Q3 earnings announcements, SunTrust’s common shares fell 3 cents from the second quarter and 9 cents from the same period in 2015. Its total revenue grew, however, 8% from a year ago and was boosted by a 10% increase in non-interest income and an 8% rise in net interest income, the release reported.

The acquisition of Pillar’s assets was pursued to bolster SunTrust’s reach into real estate investing, mortgage banking, housing and health care properties. Another reason that made Pillar an attractive target was the licenses it possessed with Fannie Mae, Freddie Mac and the Federal Housing Administration, a release stated.

Based in New York, Pillar specialized in direct lending for multi-family and health care properties in 20 major markets, according to the company.

The deal is expected to close during the fourth quarter.

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