) --


(STI) - Get Report

saw its stock fall more than 2% to $30.17 Monday during a weak session for most of the large banks.

While the broad indexes were up after the United States announced it had frozen $30 billion in assets controlled by Libyan dictator Moammar Gadhafi and members of his family, the

KBW Bank Index


was down slightly, to close at 53.40.

SunTrust filed its annual 10-K report for 2010 with the

Securities Exchange Commission

on Friday, disclosing it believes it has roughly 4,000


that were found to have technical problems, mainly in Florida.

Other losers among the 24 components of the index


(KEY) - Get Report

, which was down 2% to close at $9.13 and

Huntington Bancshares

(HBAN) - Get Report

, which also declined 2% to close at $6.84.

Index components rising on the day included

U.S. Bancorp

(USB) - Get Report

, which tacked on 1% to close at $27.73 and

Regions Bancorp

(RF) - Get Report

, which also advanced 1% to finish at $7.63.

Several of the largest banks, including

Wells Fargo

(WFC) - Get Report

, have disclosed in their 10-K reports additional risks springing from the mortgage foreclosure mess. Wells Fargo said its litigation reserves might face a shortfall of $1.2 billion. Shares were down slightly Monday to close at $32.26.

Shares of


(C) - Get Report

shrugged-off a suggestion by Mike Mayo -- a high-profile analyst who has been a thorn in Citi's side -- that the company's senior management may have violated the

Sarbanes Oxley

act when it filed its 2007 10-K without disclosing regulatory concerns that the Office of the Comptroller of the Currency had shared with incoming CEO Vikram Pandit in February 2008, before the 10-K was filed.

The stock was off 2 cents to $4.68 on Monday on lower-than-usual volume of just under 400 million. The issue's three-month trailing daily average is for volume of around 555 million.


Wells Fargo Reports of Possible Sanctions >>

Georgia Banks: Strongest and Weakest >>

Bank of America Faces More Legal Costs: Analysts >>

TCBI Commands 40% Takeout Premium: Analyst >>


Written by Philip van Doorn in Jupiter, Fla.

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Philip van Doorn


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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.