SunTrust Chief Information Officer Tim Sullivan Announces Plans to Retire in 2012

SunTrust Banks STI said today that Timothy E. Sullivan, the Company's Chief Information Officer since 2003, has announced his decision to retire in 2012. Commenting on Mr. Sullivan's decision, SunTrust President and Chief Executive Officer William H. Rogers, Jr., said, "Technology has continued to transform banking – and in some respects, consumers' banking behaviors – over the past eight years, and Tim Sullivan has been at the helm for every technology dollar invested, project team launched and product implementation completed at SunTrust during that time. Tim's commitment to our clients, shareholders and teammates has been evident throughout his career. We look forward to his continued leadership during the search for his successor and transition."