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SunTrust Declares Quarterly Dividend

Includes Preferred Stock Dividend Payment to U.S. Treasury

PRNewswire-FirstCall
ATLANTA
Aug 11, 2009

The Board of Directors of SunTrust Banks, Inc. today declared a regular quarterly cash dividend of $0.01 per common share. The dividend is payable on September 15, 2009, to shareholders of record on September 1, 2009.

SunTrust noted that it will also pay to the U.S. Treasury $66.5 million in dividends on the Company's Perpetual Preferred Stock, Series C and D, which was purchased under the Capital Purchase Program.

The Board of Directors also announced a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series A, declared payable in cash on September 15, 2009, to shareholders of record at the close of business on September 1, 2009.

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, 2009, SunTrust had total assets of $176.7 billion and total deposits of $118.8 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 mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com

*Editor's Note: The preferred stock dividend has been rounded for reader convenience. The precise dividend is $1,022.22222222222.

  Contact:
  Investors                      Media
  Steve Shriner                  Mike McCoy
  (404) 827-6714                 (404) 588-7230

First Call Analyst: Putnam, Eugene
FCMN Contact: michael.mccoy@suntrust.com

SOURCE: SunTrust Banks, Inc.

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