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SunTrust Earns Outstanding CRA Rating


Community Development Efforts also Recognized by Bank Enterprise Award Program

ATLANTA, Dec. 23 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc., (NYSE: STI) received an "Outstanding" Community Reinvestment Act (CRA) rating from the Federal Reserve Bank of Atlanta (FRB) in its latest examination of the bank. It is the highest CRA rating that can be achieved.

"Once again, we are pleased to earn the highest CRA rating possible," said L. Phillip Humann, chairman and CEO of SunTrust Banks. "This is a direct result of the continuing dedication and hard work of our SunTrust community- oriented employees across our organization, and is also indicative of the strong relationships we continue to build throughout all segments of the communities we serve."

As part of the examination process, which covered the two-year period between July 2002 and July 2004, SunTrust was evaluated in three areas: lending, investment, and service. The FRB's report included the following observations about SunTrust's community reinvestment program:

     - "Since the previous examination, the bank has become a leader in making
       community development loans, which totaled $1.5 billion during the
       review period."
     - "The bank has made an excellent level of qualified community
       development investments and grants, and is often in a leadership
     - "The bank has exhibited excellent responsiveness to credit and
       community development needs and has made extensive use of community
       development initiatives both inside and outside its designated
       assessment areas."
     - "In addition, the bank provides a relatively high level of community
       development services throughout the bank's assessment areas."

The full performance evaluation report, as well as other information about SunTrust's commitment to its communities, is available online in the "About SunTrust" section of the SunTrust web site at

In further recognition of SunTrust's community development activities, the bank received a $500,000 award from the Community Development Financial Institution Fund's Bank Enterprise Award (BEA) Program earlier this year. The monetary award for further community development activities resulted from SunTrust increasing the amount of financial and technical assistance it provided to community development financial institutions by $8.6 million in 2004.

The BEA Program complements the community development activities of insured depository institutions by providing financial incentives to expand investments in community development financial institutions and to increase lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages the funds dollars and puts more capital to work in distressed communities throughout the nation.

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, 2005, SunTrust had total assets of $172.4 billion and total deposits of $113.7 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 credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is

SOURCE: SunTrust Banks, Inc.

CONTACT: Hugh Suhr of SunTrust Banks, Inc., +1-404-827-6813