SunTrust Announces Leadership Changes in Risk Management, Consumer Banking and Investor Relations

ATLANTA, Nov. 16, 2010 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) announced several leadership changes today in Risk Management, Consumer Banking and Investor Relations.

Steve Shriner has been named Chief Consumer Credit Officer, reporting to Chief Risk Officer Thomas Freeman.  Mr. Shriner has served as SunTrust's Corporate Investor Relations Manager since 2007.  He has held a variety of finance, marketing and line of business leadership roles since joining a predecessor institution in 1990.  In his new role, Mr. Shriner will be responsible for managing total risk exposure for SunTrust's consumer business, products and services; implementing effective risk practices and ensuring soundness, diversification and appropriate levels of liquidity for the line of business.

He succeeds Neil Clerico, who has been appointed Consumer Banking Risk Administration Executive, reporting to Paul Mangelsdorf, Consumer Banking Risk Officer.  Mr. Clerico served as Head of Risk Strategy and Administration from 2004 until his appointment as interim Chief Consumer Credit Officer earlier this year.  He held a variety of leadership roles in audit, commercial loan operations, credit and risk management after joining a predecessor company in 1978.

Kristopher Dickson has been named Corporate Investor Relations Manager, reporting to Chief Financial Officer Mark Chancy.  Mr. Dickson has served as Business Planning & Financial Strategies Executive since 2007.  He joined SunTrust in 2003 in Mergers & Acquisitions following roles in investment banking, consulting and research.

"These moves illustrate SunTrust's commitment to leveraging our strong talent base in important roles," said Mr. Chancy.  "Steve, Neil and Kris are talented bankers and leaders, and extremely well prepared for their new responsibilities."

To ensure a smooth transition in these important roles, these appointments will become effective January 1, 2011.

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

SOURCE SunTrust Banks, Inc.