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Mark Peters to Join SunTrust as Head of Private Wealth Management

Aug 9, 2006

SunTrust Banks, Inc. announced today that A. Markman "Mark" Peters, age 49, will join the Company as an Executive Vice President and Head of Private Wealth Management. In this role he will assume responsibility for Private Wealth Management, including International Wealth Management, the Sports & Entertainment Banking Group, Personal Asset Management and SunTrust Investment Services, including SunTrust Insurance Group.

Mr. Peters will be based in Atlanta and report to William H. Rogers, Jr., Corporate Executive Vice President, Wealth & Investment Management.

Mr. Peters has 26 years of experience in private wealth management, most recently serving as Managing Director and Head of U.S. Private Wealth Management at Deutsche Bank. Prior to joining Deutsche Bank, he was a Managing Director and Head of the U.S. High Net Worth Group for Citigroup Private Bank. Mr. Peters also served as Head of the U.S. Trust, Investments and Custody businesses at Citigroup Private Bank.

"Mark has an extensive and well-documented track record of success in top- tier private wealth management," said Mr. Rogers. "We look forward to benefiting from his proven leadership capabilities and many years of industry expertise as we continue to implement our growth strategies in this key business line at SunTrust."

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2006, SunTrust had total assets of $181.1 billion and total deposits of $124.9 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24- hour delivery channels. The Company 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, equipment leasing and capital markets services. SunTrust's Internet address is

SOURCE: SunTrust Banks, Inc.

CONTACT: Hugh Suhr of SunTrust Banks, Inc., +1-404-827-6813