SunTrust Wins Federal Reserve OK for Capital Plan

Press release from the issuing company

Thursday, August 23rd, 2012

SunTrust Banks, Inc. announced that the Federal Reserve has not objected to the Company's capital plan, which SunTrust submitted in June in connection with the Comprehensive Capital Analysis and Review (CCAR).  As previously disclosed, in this capital plan the Company did not request an increase in its common stock dividend or the repurchase of shares of its common stock in 2012.  As announced in March, the Federal Reserve did not object to certain other capital actions following its review of the Company's capital plan submitted in January.  Those actions included the redemption of certain trust preferred securities, which the Company subsequently completed, and continuation of the current $0.05 per share quarterly dividend on SunTrust's common stock.  SunTrust expects to reevaluate its capital deployment alternatives as part of the 2013 CCAR process.