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SunTrust's Alexander Key Open for Business in Nashville; Experienced Team Providing Investment Services for High Net Worth Clients

Sep 24, 2002

Alexander Key Investments, a full-service retail brokerage affiliate of SunTrust Banks, Inc. , has opened a Nashville office at 2525 West End Avenue in the Vanderbilt area that will provide comprehensive personal investment services for business owners, executives and other individuals.

Heading the office is Bill Lynch, who has more than two decades of investment management experience in Nashville. He will head a team of five other investment professionals -- Joe Gallivan, Chris Lynch, Kyndra Chaffin, Lisa Gamble and Jennie Edlin -- a number that is expected to double by year- end.

"Alexander Key's commitment and practice are to hire the finest investment professionals who are looking for something more," said John Rhett, managing director of Alexander Key. "Our Nashville team is right in line with this philosophy. Bill and his group are extremely well qualified to help high net worth individuals manage their business and personal financial affairs -- which often are intertwined."

The firm's clients have access to brokerage, asset management and trust services; financial and estate planning; research; corporate services including retirement planning; margin and securities lending; mutual funds; insurance; annuities; and services specifically for high net worth individuals.

"Alexander Key is a new name in Nashville, but SunTrust, our parent company, has over 100 years of experience working for investors," Bill Lynch said. "Our clients have the advantage of this strong 'silent partner,' as well as our commitment to tailor a unique investment strategy for every customer based on his or her needs."

Alexander Key first opened in Atlanta in the first quarter of 2002, and has also opened an office in Richmond, Virginia. The company plans to open in other cities at a rate of approximately one per quarter as market conditions permit. Other cities initially targeted include Washington D.C., Orlando, Tampa/St. Petersburg, Miami/Fort Lauderdale and Jacksonville, among others. To help build the business, Alexander Key is leveraging SunTrust's existing presence and established contacts in these and other markets. Alexander Key's Internet address is .

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of June 30, 2002, SunTrust had total assets of $108.0 billion and total deposits of $71.7 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: Hugh Suhr of SunTrust Banks, Inc., +1-404-827-6813