SunTrust Declares Quarterly Dividend

PRNewswire-FirstCall/ -- The Board of Directors of SunTrust Banks, Inc. (NYSE:STI) today declared a regular quarterly cash dividend of $0.54 per common share. The dividend is payable on December 15, 2008, to shareholders of record on December 1, 2008. The indicated annual cash dividend is $2.16 per common share.

The Board of Directors also announced a quarterly cash dividend of $1,011.11* per share on SunTrust's Perpetual Preferred Stock, Series A, declared payable in cash on December 15, 2008, to shareholders of record at the close of business on November 30, 2008.

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 September 30, 2008, SunTrust had total assets of $174.8 billion and total deposits of $115.9 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 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 $1,011.11111111111.

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