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SunTrust Declares 10% Dividend Increase

Company Says Move Consistent With Dividend Increase Pattern

Feb 8, 2005

The Board of Directors of SunTrust Banks, Inc. today announced a 10% dividend increase. A quarterly cash dividend of $0.55 per common share was declared payable on March 15, 2005 to shareholders of record on March 1, 2005. The indicated annual cash dividend is now $2.20 per common share.

SunTrust noted that today's announcement continues the Company's multi- year pattern of consistency in annual dividend increases.

SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of December 31, 2004, SunTrust had total assets of $159.1 billion and total deposits of $103.4 billion. 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 .

SOURCE: SunTrust Banks, Inc.

CONTACT: Investors, Greg Ketron, +1-404-827-6714, or Media, Mike McCoy,
+1-404-588-7230, both of SunTrust Banks, Inc.