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SunTrust Declares Quarterly Dividend

Apr 17, 2001

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.40 per common share. The dividend is payable on June 15, 2001 to shareholders of record at the close of business on June 1, 2001. The indicated annual cash dividend is $1.60 per common share.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is the nation's ninth-largest commercial banking organization. As of March 31, 2001 SunTrust had total assets of $103.5 billion and total deposits of $65.5 billion. The company operates through an extensive distribution network in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia and the District of Columbia and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address is .

SOURCE: SunTrust Banks, Inc.

Contact: Gary Peacock of SunTrust Banks, Inc., 404-658-4879