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Unison Industries Names SunTrust as New Strategic Partner For Retirement Plan Assets

Apr 23, 2001

ATLANTA, April 23 /PRNewswire Interactive News Release/ -- SunTrust Banks, Inc. announced that Unison Industries -- a world leader in the design and manufacture of electrical components, sensors, and systems for aircraft, industrial, marine and space uses -- has selected SunTrust Retirement Services to manage its $37 million in 401(k) plan assets.

Charles Gregory, chief financial officer of Unison, said that the Florida- based corporation chose SunTrust because of the quality of its services, the advanced technology and the participant-directed educational programs. SunTrust will manage the 401(k) assets for more than 1000 plan participants.

SunTrust has been serving pension and corporate retirement needs since 1943. As one of the largest daily-valued, bundled providers in the Southeast, SunTrust Retirement Services manages more than $24 billion in retirement plan assets. Other products provided by SunTrust Retirement Services include investment management, non-qualified, treasury management, trustee and custodial services.

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 $103.7 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: Lisa Schultz of SunTrust Banks, 407-237-6842