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Robert Whitehead To Retire From SunTrust

May 15, 2002

SunTrust Banks, Inc. said today that Robert C. Whitehead, Executive Vice President and SunTrust's Chief Information Officer, has announced his decision to retire from SunTrust on June 30, 2002, capping a 33-year career with the Company. In his current capacity, Mr. Whitehead, 55, manages SunTrust's Enterprise Information Services (EIS) division, which provides the Company's technology, operations and information-related support.

"SunTrust's success in recent years was achieved in large part thanks to an infrastructure able to accommodate significant growth while still delivering the operational support necessary to meet ongoing customer service and efficiency goals," noted SunTrust Vice Chairman Theodore W. Hoepner. "This is Bob Whitehead's legacy."

Mr. Hoepner noted that Mr. Whitehead will actively participate in a structured transition process which will take place between now and June 30. During this period, Mr. Hoepner will assume interim executive management responsibility for SunTrust's EIS organization, pending a final decision on succession plans.

"While we regret Bob Whitehead's decision to retire, SunTrust is fortunate that he has put together a management team and organization able to carry on without missing a beat," said Mr. Hoepner. "As a result, we have the luxury of being able to take whatever time may be necessary to ensure that EIS continues to be properly resourced and configured to meet SunTrust's current and future support needs."

Mr. Whitehead joined SunTrust in January 1969 as a trainee. Prior to being named Chief Information Officer on January 1, 1998, he served as Executive Vice President and Manager of the Bank Operations division for 11 years. He also held a number of increasingly responsible managerial positions within SunTrust's technical and operational areas before becoming CIO.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of March 31, 2002, SunTrust had total assets of $106.2 billion and total deposits of $69.5 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: Barry Koling of SunTrust Banks, +1-202-879-6101