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Trusco Capital Management Names New Chief Investment Officer of Equities

Sep 29, 2006

Trusco Capital Management, Inc. today announced that Ashi S. Parikh has been named Executive Vice President and Chief Investment Officer of Equities. He will be responsible for setting the strategic direction of Trusco's equities business, which has over $18 billion in assets under management, and managing a team of over 50 investment professionals.

Mr. Parikh brings 15 years of financial services experience to Trusco, with the vast majority focused on equity portfolio management and research. The portfolios he has managed have a top-quartile, risk-adjusted performance track record over a 10-year period.

"His strong investment and business acumen coupled with a history of success and demonstrated leadership abilities uniquely qualify Ashi Parikh as the Chief Investment Officer we were seeking to lead Trusco's equity team," said David Eidson, Chairman and Chief Executive Officer of Trusco. "Under Ashi's leadership, we are confident the equity team and our clients will benefit from his experience and track record of generating exceptional investment performance."

Previously, Mr. Parikh served as Chief Investment Officer for Eagle Institutional Growth Advisors, a division of Eagle Asset Management, Inc. in St. Petersburg, Florida. While at Eagle he oversaw all aspects of the division, including investment strategy, portfolio management and client development. Mr. Parikh has achieved many industry accolades, including having been twice-named to Barron's annual top 100 fund managers list.

Prior to joining Eagle Asset Management in 1999, Mr. Parikh was with Banc One in Columbus, Ohio where he most recently served as managing director of Banc One's growth equity team and had responsibility for leading a team of portfolio managers, research analysts and traders while also directly overseeing the multi-billion dollar Large Cap and Mid Cap Growth strategies.

Mr. Parikh earned his MBA from The Harvard Business School, and graduated summa cum laude with a Bachelor of Science degree in economics from Ohio State University.

Trusco Capital Management, Inc., a subsidiary of SunTrust Banks, Inc. , is one of the largest institutional investment management firms in the U.S., with approximately $70 billion in assets under management. The firm provides customized investment management services to a growing client base that includes endowments, foundations, corporations and partnerships, healthcare organizations, municipalities, public and private funds, associations, insurance companies, labor unions and high net worth individuals. Trusco employs specialists in a wide variety of investment disciplines including liquidity management, fixed income and equity management. In addition, the firm serves as the investment adviser to the STI Classic Mutual Fund family. Trusco Capital Management is an SEC Registered Investment Adviser headquartered in Atlanta, Ga.

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SOURCE: Trusco Capital Management, Inc.

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