SunTrust Mortgage Says Stevens Won't Join, Was Planning to Join July 16

SunTrust Banks, Inc.

today announced that the Company and David Stevens have mutually agreed that Mr. Stevens will not join SunTrust Mortgage as previously announced and will remain in his post as head of the Mortgage Bankers Association. Mr. Stevens was to have joined the Company on July 16, reporting to SunTrust Mortgage President and CEO Jerome Lienhard. "We have a strong leadership team in place, and continue to execute our business plan and serve the needs of the clients of SunTrust Mortgage," said Mr. Lienhard.