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SunTrust Named United Way Global Corporate Leadership Partner

PR Newswire
Aug 3, 2011

ATLANTA, Aug. 3, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) was named a United Way Global Corporate Leadership Partner by United Way Worldwide today, and the Company underscored its commitment with a corporate gift of $2.88 million from the SunTrust Foundation.

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SunTrust contributions to United Way during 2010 totaled $8.4 million, which includes more than $4 million pledged by SunTrust employees.  Through the bank's Solid Gives Back volunteer program, SunTrust employees also provided over 100,000 volunteer hours in support of community organizations, including the United Way and its partner organizations.  This year, the bank reports it is on track to provide over 125,000 hours.

Global Corporate Leadership (GCL) partners make up an exclusive group of Fortune 500 companies committed to supporting United Way at the highest level. The program enables companies to foster positive change in their communities by contributing more than $1 billion to more than 1,200 local United Ways throughout the United States.  As part of this GCL partner designation, SunTrust and its teammates will meet defined annual giving goals and volunteerism efforts through service to United Way and its community partners across the bank's footprint.

"Helping build strong communities is a fundamental part of our rich history," said William H. Rogers, Jr., SunTrust president and CEO. "Expanding our commitment to United Way as a Global Corporate Leader is a powerful expression of our mission – to help people and institutions prosper – and allows us to continue supporting positive, sustainable change that will have direct impact today and benefit future generations."

Brian Gallagher, president and CEO of United Way Worldwide, said, "SunTrust has been an important, longstanding partner of United Way in communities throughout the country.  Their tremendous generosity is matched by their willingness to volunteer and play an active role in creating community solutions. We're grateful for their ongoing leadership and greatly appreciate their commitment to building on our work together and creating an even more robust partnership."

About SunTrust Banks, Inc.

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, 2011, SunTrust had total assets of $172.2 billion and total deposits of $124.9 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

About United Way

United Way is a worldwide network in 40 countries and territories, including more than 1,200 local organizations in the U.S. It advances the common good, creating opportunities for a better life for all by focusing on the three key building blocks of education, income and health. United Way recruits people and organizations that bring the passion, expertise and resources needed to get things done. LIVE UNITED® is a call to action for everyone to become a part of the change. For more information about United Way, please visit:

SOURCE SunTrust Banks, Inc.