SunTrust Named 'Export Lender of the Year' by U.S. Small Business Administration

ATLANTA, May 24 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it has been selected for the Export Lender of the Year award from the U.S. Small Business Administration for making the most export working capital loans to U.S. exporters in 2009.

Working capital loans are available through the SBA's Preferred Lenders Program (PLP).  SunTrust's PLP designation – granted to only a small number of financial institutions nationally – provides greater authority to the bank to approve loans more quickly and streamlines the SBA Loan process, allowing SunTrust to serve more clients.

Susanne Keough, managing director and head of the Global Trade Solutions division at SunTrust, said, "SunTrust is committed to offering solutions to help our clients grow their businesses and fulfill their vision, and we are proud of our partnership with the SBA as a Preferred Lender.  We recognize that exports play a critical role in stimulating international trade and small businesses are leading the path toward economic recovery.  We are honored to receive this award."

U.S. Small Business Administration District Director – Georgia District Office – Terri Denison said, "SunTrust has consistently been a leader in supporting the SBA's export finance programs in Georgia.  It's great to see that leadership recognized nationally."

SunTrust's SBA Export Working Capital program (EWCP) provides loans to small business exporters seeking short-term working capital to fund direct export costs.  Loans can be used to finance foreign account receivables, purchase finished products for export, finance raw materials, supplies, labor, and overhead for production of export goods and services.  

SunTrust offers a complete range of banking solutions designed to meet the specific needs of small businesses, including a wide array of SBA loan programs, mortgages, and lines of credit.  

For more information visit the Business Banking section of www.suntrust.com

About SunTrust Banks, Inc.

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 March 31, 2010, SunTrust had total assets of $171.8 billion and total deposits of $118.8 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 clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com

Additional information about SBA's programs and services is available at SBA's website:  www.sba.gov

SOURCE SunTrust Banks, Inc.

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