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SunTrust Announces Evolution in Florida Leadership Team

Promotions Reflect Bank's Success & Commitment in Key Growth Market

PRNewswire-FirstCall
ATLANTA
Oct 18, 2004

SunTrust Banks, Inc. has announced new leadership roles for key executives within the Company's highly successful Florida banking group.

"The story of SunTrust in Florida is one of strong growth attributable to a great franchise, talented people and, especially, an experienced, community- focused leadership team," said L. Phillip Humann, chairman, president and CEO of SunTrust Banks, Inc. "The management evolution we are announcing today will ensure that we continue to benefit from that winning combination as we build upon SunTrust's enviable position in this very attractive, high-growth market."

Included in the moves being announced today is the upcoming retirement of the Bank's senior Florida executive and a related succession plan. Specifically:

   - George W. Koehn, currently chairman, president and CEO of SunTrust's
     Florida Banking Group has announced plans to retire on June 30, 2005 at
     age 62.  He will be succeeded by Thomas G. Kuntz, (48), who is
     currently chairman, president and CEO of SunTrust Bank, South Florida.
     Mr. Kuntz will assume the duties of president and CEO of the Florida
     Banking Group effective on January 1, 2005; Mr. Koehn will remain
     chairman of the Florida Banking Group until his retirement in June.
   - Thomas H. Yochum, chairman, president and CEO of Orlando-based SunTrust
     Bank, Central Florida has announced his intent to retire on
     December 31, 2004 at age 60.  He will be succeeded by SunTrust Bank,
     Southwest Florida Chairman, President and CEO Ray L. Sandhagen, (55).
   - James W. Rasmussen, (52), currently executive vice president and Retail
     Banking line of business manager for SunTrust in South Florida, has
     been named chairman, president and CEO of SunTrust Bank, South Florida
     effective January 1.
   - Margaret L. Callihan, (49), who currently serves as chairman, president
     and CEO of SunTrust Bank, Chattanooga, will assume the role of
     chairman, president and CEO of SunTrust Bank, Southwest Florida on
     January 1.  Ms. Callihan's successor in Chattanooga will be announced
     at a later date.

"Over his long career, George has been a major contributor to our success in Florida and we wish him well in his retirement," said Mr. Humann, "And in Orlando, Tom has been a highly visible and effective leader, and we also wish him well in his future endeavors."

Mr. Humann also noted that this next generation of SunTrust leaders has a "demonstrated track record of commitment to their customers and communities, and are particularly well suited for their new positions."

SunTrust Bank, Florida, with its 9,700 employees across the state, operates a network of 414 offices and 910 ATMs from Pensacola to Miami.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest commercial banking organizations. The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, 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 http://www.suntrust.com/ .

Biographical Sketches

George W. Koehn is chairman, president and CEO of SunTrust's Florida Banking Group. A 40-year veteran of the banking industry, Mr. Koehn joined SunTrust in 1979 as chief executive officer of SunBank of Gainesville. He subsequently served as CEO of SunTrust's banks in Tampa Bay and Orlando. Mr. Koehn began his banking career in 1964 as a check desk clerk with the Manufacturers and Traders Trust Company in Buffalo, NY and held numerous branch and management positions at banks in New York and Arizona, and later served in various capacities with affiliates of Southeast Banking Corporation, including as president of Southeast Bank of Brevard.

Mr. Koehn is active in community and civic affairs. He currently serves as vice chairman and chairman-elect of the Orlando Regional Healthcare board of directors. He is a member of the board of directors and executive committee of the Florida Council of 100, and a member of Rollins College Board of Trustees. He recently concluded service on the board of directors of the Florida Chamber of Commerce and Florida Tax Watch, and is past-vice chairman of the board of directors of Enterprise Florida, Inc., the state's economic development organization.

Mr. Koehn attended the University of Miami, and is a graduate of the Stonier Graduate School of Banking at Rutgers University, and the National Commercial Lending Graduate School of the University of Oklahoma.

Thomas G. Kuntz currently serves as chairman, president and chief executive officer of SunTrust Bank, South Florida, which encompasses the six- county area of Miami-Dade, Broward, Palm Beach, Martin, St. Lucie and Indian River.

A career SunTrust banker with more than 25 years of experience, he spent the first 15 years of his career with SunTrust in Orlando. He has served in a variety of positions including manager of the International, National/Large Corporate, Florida Corporate and Institutional and Governmental Banking divisions. In 1995, Mr. Kuntz was promoted to president and chief operating officer of SunTrust Bank, Tampa; and in 1998, he transferred to SunTrust Bank, South Florida, as president and chief operating officer and was elected chairman and CEO in September 1999.

Active in the community, Mr. Kuntz has been elected to the board of directors of WPBT - South Florida Public Television, the Florida International University Foundation, Inc., and the Broward Center for the Performing Arts Foundation. He is a member of the Florida Chapter of the Young President's Organization, a member of the Economic Council of Palm Beach County, and a corporate council member of the Broward Alliance.

Mr. Kuntz earned a bachelor's degree at Rollins College in Winter Park, Fla., and graduated from Graduate School of Banking of the South at LSU.

Thomas H. Yochum joined SunTrust Bank, Central Florida in 1998 and serves as its chairman, president and chief executive officer. Mr. Yochum has more than 30 years of experience in the financial services industry. Prior to joining SunTrust, he held various management and leadership positions at Barnett Banks, Inc. and its predecessor banks including president and CEO, Barnett Bank, N.A., Central Florida, and president of Florida Coast Banks.

Active in many professional and civic organizations, Mr. Yochum is vice chairman of the University of Central Florida Board of Trustees and serves on the UCF Foundation board of directors. He is a board member of the Orlando Magic Youth Foundation, Florida Hospital, United Cerebral Palsy Foundation, and he serves on the United Arts executive committee. Past organizational chairmanships and memberships include the Valencia Community College Foundation, Economic Development Commission of Mid-Florida, Rollins College Crummer Graduate School Board of Overseers, Heart of Florida United Way, and the American Cancer Society.

Mr. Yochum is a member of the Florida Bankers Association, the Orlando Regional Chamber of Commerce, and is an alumnus of Leadership Florida. He earned his bachelor's degree in business from Rollins College in Winter Park, Fla.

Ray L. Sandhagen is chairman, president and CEO of SunTrust Bank, Southwest Florida which serves a five county area from Manatee County to Collier County. A 33-year banking industry veteran, Mr. Sandhagen began his career with Trust Company Bank in Atlanta (now SunTrust Bank, Atlanta) in 1971 as a commercial banking trainee. He has held managerial positions at several banking companies in commercial lending, commercial real estate, corporate banking and credit policy during his banking career. He has held executive management positions with SunTrust Bank in Sarasota since 1993, serving as chairman, president and chief executive officer since March 2000.

He is involved in numerous community, civic, charitable and business groups. He is current chairman of the Sarasota United Way Campaign. He serves as a finance committee member of Sarasota County Committee for Economic Development, as well as on the board of directors and executive council of the Boy Scouts of America of Southwest Florida, and the University of South Florida Leadership Council. He is past chairman of Sarasota County Committee for Economic Development.

Mr. Sandhagen earned a bachelor's degree at Florida Southern College in Lakeland, Florida.

James W. Rasmussen, a 28-year veteran of SunTrust, joined the company's South Florida bank in January 2000 as senior executive vice president and Retail Banking line of business manager overseeing private banking, business banking and consumer banking for Broward, Palm Beach, Martin, St. Lucie and Indian River counties.

Prior to that, Mr. Rasmussen served the company in other senior management capacities including chairman and CEO of SunTrust Bankcard and president of SunTrust Bank, Jacksonville. He began his SunTrust career in 1976, serving in a variety of positions in commercial and retail banking in the Tampa Bay area.

He currently serves on the board of directors of the Greater Ft. Lauderdale Chamber of Commerce. Mr. Rasmussen graduated from Bradley University with a bachelor's degree in accounting and he earned his graduate degree from the Stonier Graduate School of Banking.

Margaret Callihan was named president of the SunTrust Bank in Chattanooga in 2001 and was promoted to chairman and chief executive officer in 2002. Prior that, Ms. Callihan served as the Retail Banking line of business manager for SunTrust in Tennessee and Alabama. Since joining SunTrust in 1978, she has held a variety of increasingly responsible positions including Middle Tennessee Branch Administrator with responsibility for all branches and Private Banking Groups in the Nashville area.

Ms. Callihan is chairman of the board of newly formed Enterprise Center which oversees the Chattanooga city and Hamilton county technology initiatives. She also serves on the board of trustees for the University of Chattanooga Foundation, Inc. and is the chairman of the board of directors of the Greater Chattanooga Area Chamber of Commerce. She is a member of the boards of directors of the Allied Arts of Greater Chattanooga, the United Way of Greater Chattanooga, and Chattanooga Neighborhood Enterprise. She is also a member of the UTC Roundtable for the University of Tennessee at Chattanooga

Ms. Callihan earned a BA cum laude, and an MBA at Vanderbilt University. She successfully completed the course of study of the Graduate School of Banking of the South at LSU, and the Colgate Darden Commercial Lending Decisions and Advanced Commercial Lending School.

SOURCE: SunTrust Banks, Inc.

CONTACT: Mike McCoy, +1-404-588-7230, or Susie Findell, +1-407-237-2455,
both of SunTrust Banks, Inc.