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SunTrust Bank Lowers Prime Rate

PRNewswire
ATLANTA
Feb 1, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 8.50 % from 9.00 % effective immediately.

The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. Prime rate last changed on January 5, 2001.

SunTrust Banks, Inc. , based in Atlanta, Georgia, is the nation's 9th largest commercial banking organization and the parent of SunTrust Bank. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking insurance, brokerage and capital market services. Additional information about SunTrust may be accessed at www.SunTrust.com .

SOURCE: SunTrust Banks, Inc.

Contact: Carolyn B. Gosselin of SunTrust Banks, Inc., 404-588-8677