8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 14, 2013

SunTrust Banks, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

Georgia	001-08918	58-1575035
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)
303 Peachtree Street, N.E., Atlanta, Georgia		30308
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code (404) 558-7711

	Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other.

SunTrust Banks, Inc. (the “Registrant” or “SunTrust”) today announced that the Federal Reserve has completed its review of the Company’s capital plan submitted in connection with the 2013 Comprehensive Capital Analysis and Review (“CCAR”) and had no objections to the Registrant's planned capital actions. The Registrant issued a news release to this effect and disclosing its planned capital actions, a copy of which is filed as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits 99.1.    News release dated March 14, 2013.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		SUNTRUST BANKS, INC.
		(Registrant)
Date: March 14, 2013.	By:	/s/ David A. Wisniewski
		David A. Wisniewski, Senior Vice President,
		Deputy General Counsel and Assistant Secretary

EX-99.1

News Release

Contact:     InvestorsMedia

Kris Dickson        Mike McCoy

(404) 827-6714        (404) 588-7230

For Immediate Release

March 14, 2013

SunTrust to Increase Quarterly Common Stock Dividend and
Repurchase Shares

ATLANTA – SunTrust Banks, Inc. (NYSE: STI) today announced that the Federal Reserve has completed its review of the Company’s capital plan submitted in connection with the 2013 Comprehensive Capital Analysis and Review (“CCAR”) and has no objections to the planned capital actions. The capital actions include:

• An increase in the quarterly common stock dividend from $0.05 to $0.10, beginning in the second quarter of 2013;

• The repurchase of up to $200 million of the Company’s outstanding common stock to be completed between the second quarter of 2013 and the first quarter of 2014;

• Maintaining dividend payments on the Company’s preferred stock.

The SunTrust Board of Directors is expected to consider the dividend increase and preferred dividend payments at its upcoming meeting in April. The Board previously authorized the
$200 million share repurchase subject to the non-objection of the Company's capital plan by the Federal Reserve.

“We are pleased to move ahead with our plans to increase the return of capital to our shareholders through a higher common stock dividend and reinstatement of our share repurchase program,” said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. “This marks another step forward for SunTrust, and we remain committed to driving further improvements in our business performance and delivering long-term value to our shareholders.”

-more-

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 December 31, 2012, SunTrust had total assets of $173.4 billion and total deposits of $127.9 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.

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