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SunTrust Bank Increases Prime Rate

PRNewswire-FirstCall
ATLANTA
Nov 10, 2004

SunTrust Bank announced today it has increased its prime lending rate to 5.00% from 4.75%, effective November 10, 2004. The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. The prime rate last changed on September 21, 2004.

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/ .

SOURCE: SunTrust Banks, Inc.

CONTACT: Mike McCoy of SunTrust Banks, Inc., +1-404-588-7230


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