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 26, 2014

SunTrust Banks, Inc.

(Exact name of registrant as specified in its charter)

Georgia	001-08918	58-1575035
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

303 Peachtree St., N.E., Atlanta, Georgia	30308
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code     (404) 588-7711

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 2014 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 26, 2014.

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 26, 2014.	By:	/s/ David A. Wisniewski
		David A. Wisniewski, Senior Vice President,
		Deputy General Counsel and Assistant Secretary

EX-10.1

News Release

Contacts:

Investors    Media

Ankur Vyas        Hugh Suhr

(404)827-6714        (404)827-6813    

For Immediate Release

March 26, 2014

SunTrust to Increase Quarterly Common Stock Dividend

and Share Repurchase Program

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 2014 Comprehensive Capital Analysis and Review ("CCAR") and has no objections to the planned capital actions. The capital actions, subject to the approval of SunTrust’s Board of Directors, include:

• An increase in the quarterly common stock dividend from $0.10 per share to $0.20 per share, beginning in the second quarter of 2014;

• The repurchase of up to $450 million of the Company's outstanding common stock to be completed between the second quarter of 2014 and the first quarter of 2015;

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

"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 a larger share repurchase program," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. "We remain committed to driving further improvements in our business performance and delivering long-term value to our shareholders."

(more)

About SunTrust Banks, Inc.

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, 2013, SunTrust had total assets of $175.3 billion and total deposits of $129.8 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 its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is suntrust.com.

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