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SunTrust Declares Quarterly Dividend

Aug 12, 2003

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.45 per common share. The dividend is payable on September 15, 2003, to shareholders of record at the close of business on August 29, 2003. The indicated annual cash dividend is $1.80 per common share.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of June 30, 2003, SunTrust had total assets of $120.9 billion and total deposits of $77.3 billion. The company operates through an extensive distribution network primarily in 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: investors, Gary Peacock, +1-404-658-4879, or media, Mike McCoy,
+1-404-588-7230, both of SunTrust Banks, Inc.