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SunTrust Names Gary Peacock Head of Investor Relations, Corporate Communications

Feb 26, 2001

SunTrust Banks, Inc. announced today that Gary Peacock, Jr. has been named Director of Investor Relations and Corporate Communications. Mr. Peacock succeeds Eugene S. Putnam, Jr. who has announced his resignation from SunTrust effective March 2, 2001.

In this capacity, Mr. Peacock will be responsible for SunTrust's communications and relationships with security analysts and other members of the investment community. He will also oversee communication aimed at other internal and external constituencies. Mr. Peacock will report to John W. Spiegel, SunTrust's Vice Chairman and Chief Financial Officer.

Mr. Peacock, who is currently SunTrust's Retail Banking Strategic Financial Officer, joined SunTrust in July 2000. Prior to joining SunTrust, Mr. Peacock held a series of senior management positions at Barnett Banks, Inc. and most recently was Executive Vice President, Director of Retail Banking at The South Financial Group.

Mr. Peacock holds a BS degree in Business Administration from the University of Florida and an MBA from the University of North Carolina at Chapel Hill.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is the nation's 8th largest commercial banking organization. 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 investment services.

SOURCE: SunTrust Banks, Inc.

Contact: Barry Koling of SunTrust Banks, Inc., 202-879-6101