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SunTrust Bank Sponsors Grand-Am Team

To Be Primary Sponsor of Wayne Taylor's Grand-Am Entry

Oct 31, 2003

SunTrust Banks, Inc., announced today that it will be the primary sponsor of Wayne Taylor's entry in the Grand American Road Racing Series for 2004.

Operating as "SunTrust Racing," the team will have a single car entry in the Rolex Sports Car Series for Daytona Prototypes, the premier category in Grand American Road Racing. The team will partner with Riley & Scott Racing to run a new Riley & Scott chassis in the Grand-Am Series.

"Our sponsorship of SunTrust Racing's entry in the Grand-Am series is an excellent means to introduce SunTrust's private client and corporate banking services to the individuals and corporations involved in the fast growing sport," said Craig Kelly, Executive Vice President of marketing for SunTrust. "This is an opportunity for SunTrust to be on the ground floor of an exciting racing league that we believe will grow rapidly."

One of the nation's leading sports car racing series, the Rolex Grand American Sports Car Series will run a 12-race schedule in 2004, opening with the legendary Rolex 24 At Daytona next February. Two additional Grand-Am races will be held at Daytona in 2004 and races will be held in other SunTrust markets in Florida, Virginia and Alabama. Grand-Am also runs races in California, New York, Ohio and Canada.

"With our team's vast experience in sports car racing, we see the Rolex Grand-Am Series as the series of the future," said Mr. Taylor. "Our decision to run in Grand-Am is only possible because of the commitment of SunTrust to be our partner. With Riley & Scott we have the hardware and experience to be a competitive team and the sponsorship commitment to be a successful marketing program. It's definitely a win-win situation for everyone."

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of September 30, 2003, SunTrust had total assets of $126.7 billion and total deposits of $80.5 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.

SOURCE: SunTrust Banks, Inc.

CONTACT: Hugh Suhr of SunTrust, +1-303-237-0616, or; or Tip Nunn of The GEM Group, +1-404-827-6813, or