SunTrust Banks, Inc. announced it has priced a$1.04 billionoffering of approximately 35.25 million shares of its common stock at$29.50per share.Goldman, Sachs & Co., Morgan Stanley and SunTrust Robinson Humphrey are acting as joint book-running managers of the common stock offering.

This announcement does not constitute an offer to sell or the solicitation of any offer to buy the common stock, nor shall there be any offer or sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering will be made only by means of a prospectus and related prospectus supplement. SunTrust has filed with the Securities Exchange Commission (SEC) a registration statement, including a prospectus supplement, for the common stock offering. Investors should read the prospectus in the registration statement and other documents SunTrust has filed with the SEC for more complete information about the Company and this offering prior to investing. Copies of the registration statement, the prospectus supplement and other documents the Company has filed with the SEC are available for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, the prospectus and prospectus supplement may be obtained upon request by contacting SunTrust Investor Relations, 303 Peachtree Street, NE,Atlanta, Georgia30308, Telephone: 404-588-7711. A copy of the prospectus and the prospectus supplement may also be obtained from Goldman, Sachs & Co., Morgan Stanley or SunTrust Robinson Humphrey, by contacting: