Thomas Carroll Named Chief Executive Officer of GenSpring

ATLANTA, Oct. 4, 2012 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) and GenSpring Family Offices today announced that Thomas M. Carroll has been named Chief Executive Officer of GenSpring Family Offices, SunTrust’s multi-family office affiliate providing independent advice to families of substantial wealth. He succeeds Maria Elena (Mel) Lagomasino who has announced plans to leave the firm.

“We appreciate the contribution Mel has made to SunTrust and GenSpring over her seven years with the firm, and we wish her the best of success in the future,” said William H. Rogers, Jr. chairman and chief executive officer of SunTrust Banks, Inc. “We remain committed to GenSpring’s advice-driven approach to serving clients, and Thomas’s proven leadership skills and experience as well as knowledge of the needs of ultra-high-net-worth clients make him uniquely qualified to lead this business.”

Mr. Carroll most recently led SunTrust’s Sports and Entertainment Group which provides private wealth management services to sports, music and entertainment professionals and executives as well as financial services to sports, music and film organizations. A 16-year SunTrust veteran, Mr. Carroll has held increasingly responsible positions in the Private Wealth Management business including serving as Wealth Services Manager in Atlanta.

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, 2012, SunTrust had total assets of $178.3 billion and total deposits of $128.4 billion. Through its flagship subsidiary, SunTrust Bank, 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.