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SunTrust Names Ken Turner to Lead Equipment Finance and Leasing Unit

PRNewswire-FirstCall
ATLANTA
Jul 14, 2010

SunTrust Banks, Inc., announced today that Ken Turner has been named President of SunTrust Equipment Finance and Leasing, the company's subsidiary that provides financing for essential-use equipment for businesses and municipalities.

Mr. Turner, who will be based in Towson, Maryland, joined SunTrust from KeyCorp's Key Equipment Finance where he has was senior vice president of U.S. Sales. A 20-year veteran in the equipment leasing industry, he has held leadership positions in credit, operations, and sales with Key Equipment Leasing, ADVANTA Corporation, Lucent Technologies Product Finance, AT&T Capital Corporation and First Investor's Corporation.

"We are pleased to have Ken join our team," said Amy Medendorp, SunTrust Executive Vice President and Diversified Commercial Line of Business Executive. "His diverse experience and proven leadership skills make him uniquely qualified to lead our efforts to grow and further develop our leasing and equipment finance platform."

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 suntrust.com

First Call Analyst: Putnam, Eugene
FCMN Contact:

SOURCE: SunTrust Banks, Inc.

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