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): January 12, 2005
                                                         ----------------


                              SUNTRUST BANKS, INC.
                              --------------------
             (Exact name of registrant as specified in its charter)


          Georgia                   001-08918                 58-1575035
          -------                   ---------                 ----------
(State or other jurisdiction       (Commission              (IRS Employer
    of incorporation)              File Number)           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:

     [ ]  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 EVENTS

     On January 12, 2005, SunTrust Banks, Inc. ("SunTrust" or the "Registrant")
issued a press release announcing that the Securities and Exchange Commission
(the "SEC") has issued a formal order of investigation and that the SEC staff
has issued subpoenas seeking documents related to SunTrust's allowance for loan
losses and related matters. A copy of this press release is being filed as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference
into this Item 8.01.





ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS


     (c)  Exhibits.


          99.1  Press release issued by SunTrust on January 12, 2005.



                                    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: January 12, 2005

                                   By: /s/ Raymond D. Fortin
                                       -----------------------------------------
                                       Raymond D. Fortin
                                       Senior Vice President and General Counsel

EX-99.1

                                                                    Exhibit 99.1

For Immediate Release
- ---------------------

January 12, 2005

                     SUNTRUST UPDATES STATUS OF SEC INQUIRY

ATLANTA - As previously announced, SunTrust Banks, Inc. (NYSE: STI) received
notice in October 2004 that the staff of the Securities and Exchange Commission
(SEC) was conducting an informal inquiry into matters concerning SunTrust's
restatement of its financial statements for the first and second quarters of
fiscal 2004 and related matters. Today, SunTrust announced that, in connection
with that inquiry, the SEC has issued a formal order of investigation and that
the SEC staff has issued subpoenas seeking documents related to SunTrust's
allowance for loan losses and related matters. SunTrust intends to continue to
cooperate with the SEC.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest
commercial banking organizations. The company operates an extensive distribution
network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina,
Tennessee, Virginia and the District of Columbia and also serves customers in
selected markets nationally. Its primary businesses include deposit, credit,
trust and investment services. Through various subsidiaries, the company
provides credit cards, mortgage banking, insurance, brokerage and capital
markets services. SunTrust's Internet address is http://www.suntrust.com.

The information provided herein may contain forward looking statements.
Statements that are not historical facts, including statements about SunTrust's
beliefs and expectations, are forward-looking statements. These statements are
based on beliefs and assumptions by SunTrust's management, and on information
currently available to such management. The forward-looking statements are
intended to be subject to the safe harbor protection provided by Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements include statements preceded by, followed by or
that include the words "intends," "believes," "expects," "anticipates," "plans,"
"estimates," or similar expressions or future conditional verbs such as "will,"
"should," "would," and "could." Forward-looking statements speak only as of the
date they are made, and SunTrust undertakes no obligation to update publicly any
of them in light of new information or future events. Forward-looking statements
involve inherent risks and uncertainties. Management cautions that a number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement. Examples of such factors include,
but are not limited to, the results of the investigation by the SEC, as
described above. For a more thorough discussion of factors that could impact
actual results, see the "A Warning About Forward-Looking Information" section of
SunTrust's 2003 annual report filed on Form 10-K with the SEC. For further
information regarding SunTrust, please read the SunTrust reports filed with the
SEC and available at http://www.sec.gov.