The Board of Directors of SunTrust Banks, Inc. announced Tuesday an increase in the dividend on SunTrust common stock. A quarterly cash dividend of$0.20 per common share was declared payable on June 16, 2014, to shareholders of record at the close of business on May 30, 2014. The previous quarterly dividend was $0.10.

The Board of Directors also declared the following dividends payable in cash on 
June 16, 2014, to shareholders of record at the close of business on May 30, 2014:

• a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series A;
• a quarterly cash dividend of $1,022.22* per share on SunTrust's Perpetual Preferred Stock, Series B; and
• a quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E.