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SunTrust Bank Increases Prime Rate

PRNewswire-FirstCall
ATLANTA
Mar 22, 2005

SunTrust Bank announced today it has increased its prime lending rate to 5.75% from 5.50%, effective March 22, 2005. 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 February 2, 2005.

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 $158.9 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 http://www.suntrust.com/

SOURCE: SunTrust Banks, Inc.

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