SunTrust Names Jeff Nager to Lead SBA Division

ATLANTA, April 8 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc., (NYSE: STI) announced today that Jeff Nager has been named Senior Vice President and SBA Division Executive.

In this newly formed position, Mr. Nager is overseeing the Company's lending activities to small and growing businesses throughout its service area with a focus on Small Business Administration (SBA) programs.  He reports to Bill Holt, Executive Vice President and head of Business Banking at SunTrust.

Mr. Nager joined SunTrust from Wells Fargo Bank's SBA Lending Division where he established and led its Southeast Region based in Raleigh, N.C.  Prior to that he served as National Sales Manager for the Small Business Lending Division of Community South Bank in Raleigh.

"Small businesses are important contributors to our economy and communities that help drive job creation and economic growth," said Mr. Holt.  "Our commitment to this segment's lending needs is  further strengthened and enhanced by Jeff's extensive experience and leadership capabilities -- particularly when it comes to SBA lending programs where we continue to see significant growth and opportunities."

SunTrust offers a complete range of banking solutions designed to meet the specific needs of small businesses, including a wide array of loans, mortgages, and lines of credit.  For more information visit the Business Banking section of www.suntrust.com

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 December 31, 2009, SunTrust had total assets of $174.2 billion and total deposits of $121.9 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 capital markets services.  SunTrust's Internet address is SunTrust.com.

SOURCE SunTrust Banks, Inc.