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SunTrust Names Terry Vacheron Corporate Director of Tax

PRNewswire-FirstCall
ATLANTA
Oct 7, 2009

SunTrust Banks, Inc. today announced that it has named Terry Vacheron Senior Vice President and Corporate Director of Tax. Ms. Vacheron, who will report to SunTrust Chief Financial Officer Mark A. Chancy, succeeds Deborah Jamison who previously announced her plans to relocate to New York.

"Terry is a dynamic leader whose knowledge of SunTrust and respected professional experience will serve as a tremendous asset to our Company," said Mr. Chancy. "We appreciate the many contributions Debby has made during her 21-year career at SunTrust as well as her assistance during this transition period. We wish her well in her new endeavors."

As Corporate Director of Tax, Ms. Vacheron will be responsible for overseeing all aspects of SunTrust's corporate tax matters including federal and state income and local taxes as well as information reporting to clients.

Ms. Vacheron has more than 20 years of corporate tax experience most recently working as a tax consultant for SunTrust. Previously, she was a Tax Partner at Deloitte & Touche, LLP for five years, and served as the Federal Income Tax Director at SunTrust from 2001 to 2003. Prior to that, she was a Tax Partner at Arthur Andersen LLP.

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 clients 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

First Call Analyst: Putnam, Eugene
FCMN Contact:

SOURCE: SunTrust Banks, Inc.

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


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