SunTrust Declares Quarterly Dividend of $.01

The Board of Directors of SunTrust Banks, Inc. STI has declared a regular quarterly cash dividend of $0.01 per common share. The dividend is payable on December 15, 2010, to shareholders of record at the close of business on November 30, 2010. 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, 2010, to shareholders of record at the close of business on November 30, 2010.