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SunTrust Issues $250 Million of Trust Preferred Securities

PRNewswire
ATLANTA
Oct 10, 2001

SunTrust Banks, Inc. announced today the issuance of $250 million of Fixed Rate Capital Trust Pass-through Securities ("TRUPS"). The proceeds of the transaction will be used for general corporate purposes. The offering has a 30-year maturity and provides investors with call protection for five years. The offering was led by Salomon Smith Barney and Lehman Brothers. Co-managers were Goldman Sachs & Co., Morgan Stanley, SunTrust Robinson Humphrey and UBS Warburg.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is the nation's ninth-largest commercial banking organization. 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 http://www.suntrust.com/ .

This press release does not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law any such state.

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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.


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