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Press release from PR Newswire

SunTrust Makes Key Additions in Commercial Banking and Asset-Based Lending Leadership

Tuesday, August 23, 2011

SunTrust Makes Key Additions in Commercial Banking and Asset-Based Lending Leadership13:26 EDT Tuesday, August 23, 2011ATLANTA, Aug. 23, 2011 /PRNewswire/ --  SunTrust Banks, Inc. (NYSE: STI) today announced key leadership additions in Commercial Banking and Asset Based Lending.Brian Peters, a 16-year SunTrust veteran with more than 25 years of experience in the financial services industry, has been named head of the Commercial Banking Line of Business, reporting to Amy Medendorp, Diversified Commercial Banking executive.  Based in Atlanta, Mr. Peters is responsible for commercial banking growth and operating strategy, product sales and client service delivery.  Most recently he helped build and lead SunTrust Robinson Humphrey's Consumer & Retail Investment Banking Group.  Prior to that, he served as head of the Financial Services & Technology Investment Banking Group. In addition, Lan K. Haverfield has joined SunTrust as managing director and group head for its asset based lending loan production offices.  He is responsible for leading and growing SunTrust's origination effort for asset based lending solutions outside of the company's geographic footprint of the Southeast and Mid-Atlantic regions of the United States.  Mr. Haverfield is based in Dallas and reports to Patrick Bickers, head of asset based lending at SunTrust.  An additional asset based loan production office in Chicago was also recently opened.Mr. Haverfield has nearly 30 years of corporate finance experience, most recently serving as executive vice president, national manager and chief sales officer for CIT, where he managed origination and underwriting teams across the nation for its asset based lending business.  Prior to CIT, he served in various positions within Barclays Bank's asset based lending business.  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 June 30, 2011, SunTrust had total assets of $172.2 billion and total deposits of $124.9 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 investment banking services. SunTrust's Internet address is suntrust.com. SOURCE SunTrust Banks, Inc.For further information: Hugh Suhr, +1-404-827-6813