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SunTrust Continues to Review Strategic Options for Portions of its Institutional Investment Management Businesses

Jun 17, 2010

SunTrust Banks, Inc. said today that it continues to review its strategic options for portions of the institutional management businesses of its subsidiary RidgeWorth Capital Management (RidgeWorth).

RidgeWorth and its boutiques collectively managed $65.1 billion in assets as of March 31, 2010. As of March 31, 2010, SunTrust had more than $211 billion in total assets under advisement, including $122.7 billion in assets under management.

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 March 31, 2010, SunTrust had total assets of $171.8 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 investment banking services. SunTrust's Internet address is

First Call Analyst: Putnam, Eugene
FCMN Contact:

SOURCE: SunTrust Banks, Inc.

CONTACT: Mike McCoy, +1-404-588-7230