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SunTrust Bank Lowers Prime Rate

PRNewswire
ATLANTA
Mar 21, 2001

SunTrust Bank announced today it has lowered its prime lending rate to 8.00 % from 8.50 %, effective immediately. The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. The prime rate last changed on February 1, 2001.

SunTrust Banks, Inc. , based in Atlanta, is the nation's ninth- 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: Mike McCoy Of SunTrust Banks, Inc., 404-588-7230