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SunTrust Successfully Completes Integration of Huntington's Florida Franchise; Significantly Enhances Position in Key Markets

Feb 20, 2002

SunTrust Banks, Inc. said today it has completed the integration of the Huntington Bancshares, Inc. Florida banking franchise into SunTrust's Florida organization.

With the addition of 59 branches, deposits of approximately $4.5 billion and nearly 500,000 accounts, the purchase significantly enhances SunTrust's already strong franchise the high-growth Florida market. All former Huntington accounts were smoothly converted to SunTrust accounts over the President's Day weekend and former Huntington Florida business units have been fully integrated into SunTrust's Florida banking organization.

SunTrust has now moved into the number one market position in the Lakeland/Winter Haven area and in the Orlando market, and into the number two slot in Tampa, Daytona and Sarasota/Bradenton. Additionally, the company has grown to 429 branches from 370 branches statewide and to more than 900 ATMs in Florida from approximately 600.

"Our goal all along was to make this transition smooth, efficient and, most important, seamless to the customer. We believe we have achieved that goal," said George W. Koehn, Chairman and CEO of SunTrust Banks of Florida. "We welcome our new customers and employees."

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of December 31, 2001, SunTrust had total assets of $104.7 billion and total deposits of $67.5 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: Carolyn B. Gosselin, +1-404-588-8677, or cell, +1-404-275-1516,
or Michael McCoy, +1-404-588-7230, both of SunTrust Banks, Inc.