SunTrust Bank Increases Prime Rate

SunTrust Bank announced today it has increased its prime lending rate to 8.00% from 7.75%, effective May 10, 2006. The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. The prime rate last changed on March 28, 2006.

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, 2006, SunTrust had total assets of $178.9 billion and total deposits of $122.0 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 customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services.