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SunTrust Announces Quarterly Dividend

Aug 14, 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 September 14, 2001 to shareholders of record at the close of business on August 31, 2001. The indicated annual cash dividend is $1.60 per common share.

SunTrust Banks, Inc., based in Atlanta, Georgia, is the nation's 9th 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. SunTrust's Internet address is .


SOURCE: SunTrust Banks, Inc.

Contact: investors, Gary Peacock, +1-404-658-4879, or media, Barry
Koling, +1-404-230-5268, both of SunTrust Banks, Inc.