SunTrust Names Jim Jenkins National Sales Manager for Equipment Finance and Leasing Unit

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SunTrust Banks, Inc. announced today that Jim Jenkins has been named National Sales Manager of SunTrust Equipment Finance & Leasing Corp., the company’s subsidiary that provides essential-use equipment financing for businesses and municipalities.

SunTrust Banks, Inc., (NYSE: STI) announced today that Jim Jenkins has been named National Sales Manager of SunTrust Equipment Finance & Leasing Corp., the company’s subsidiary that provides essential-use equipment financing for businesses and municipalities. He reports to Ken Turner, President of the group.

Mr. Jenkins, who is based in Towson, Maryland, brings more than 25 years of leasing industry experience to SunTrust. Most recently he led the global captive finance business of Sun Microsystems Inc., the internal leasing and finance organization responsible for helping businesses acquire Sun technology.

Prior to his 14-year association with Sun Microsystems Global Financial Services, he held various leadership positions with increasing responsibilities in sales, business and program development, and global sales management with GE Capital, Comdisco, Northern Telecom Finance Corp., and US Leasing Corporation.

“Jim’s extensive experience will provide effective leadership for our growth and expansion efforts as we pursue new markets and opportunities emerging from economic recovery and growth,” said Mr. Turner. “He will also help ensure that we are aligning capabilities and solutions with client needs, while furthering the partnership and integration with SunTrust clients to help bring comprehensive financing solutions to meet their specific business needs.”

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 September 30, 2010, SunTrust had total assets of $174.7 billion and total deposits of $120.3 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

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Hugh Suhr
SunTrust Banks, Inc.
404-827-6813
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