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) November 15, 2007

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):

x 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 7.01 Regulation FD Disclosure.

Representatives of SunTrust Banks, Inc. (the “Registrant”) are scheduled to make a presentation at the Merrill Lynch Banking & Financial Services Conference on Thursday, November 15, 2007 at 11:20 AM Eastern Time. Mark A. Chancy, Corporate Executive Vice President and Chief Financial Officer of SunTrust Banks, Inc., will make SunTrust’s presentation. A copy of the slide package to be used by the Registrant at this conference is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01 of this Current Report on Form 8-K. Such slide package will also be available on the Registrant’s web site at www.suntrust.com. Information contained on the Registrant’s website is expressly not incorporated by reference into this Current Report on Form 8-K.

The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Current Report on Form 8-K. All information in the slide package speaks as of the date thereof and the Registrant does not assume any obligation to update said information in the future. In addition, the Registrant disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 7.01 of this report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Slide package to be presented on November 15, 2007 (furnished with the Commission as a part of this Current Report on Form 8-K).

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: November 15, 2007.	By:	/s/ David A. Wisniewski
		David A. Wisniewski,
		Group Vice President and Associate General Counsel

EX-99.1

Driving Shareholder Value

Mark A. Chancy

Corporate Executive Vice President and Chief Financial Officer

Merrill Lynch Banking & Financial Services Conference

November 15, 2007

Exhibit 99.1

1

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2006 Annual Report on Form

10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

This presentation may include non-GAAP financial measures to describe SunTrust’s performance.  The reconciliation of those measures to GAAP measures can

be found in SunTrust’s earnings press releases, which can be found on SunTrust’s website in the news section of the investor relations pages.  In this presentation,

net interest income and net interest margin are presented on a fully taxable-equivalent (“FTE”) basis, and ratios are presented on an annualized basis. The FTE basis

adjusts for the tax-favored status of income from certain loans and investments. The

Company believes this measure to be the preferred industry measurement of net

interest income and provides relevant comparison between taxable

and non-taxable amounts.

The information in this presentation may contain forward-looking statements. Statements that do not describe historical or current facts, including statements

about beliefs and expectations, and in particular the outlook statements provided at slide 22, are forward-looking statements. These statements often include the

words “may,”

“could,”

“will,”

“should,”

“believes,”

“expects,”

“anticipates,”

“estimates,”

“intends,”

“plans,”

“targets,”

“initiatives,”

“potentially,”

“probably,”

“projects,”

“outlook”

or similar expressions.  Such statements are based upon the current beliefs and expectations of SunTrust's management and on information currently

available to management.  The forward looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933 and

Section 21E of the Securities Exchange Act of 1934.  Such statements speak as of the date hereof, and SunTrust does not intend to update the statements made

herein or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Forward looking statements are subject to significant risks and uncertainties.  Investors are cautioned against placing undue reliance on such statements. Actual

results may differ materially from those set forth in the forward-looking statements. Factors that could cause SunTrust’s results to differ materially from those described

in the forward-looking statements can be found in the Company's 2006 Annual Report on Form 10-K, in the Company’s Quarterly Reports on Form 10-Q, and in the

Current Reports on Form 8-K filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site

(http://www.sec.gov). Those factors include: changes in general business or economic conditions could have a material adverse effect on our financial condition and

results of operations; our trading assets and financial instruments carried at fair value expose the Company to certain market risks; changes in market interest rates or

capital markets could adversely affect our revenues and expenses, the value of assets and obligations, costs of capital, or liquidity; the fiscal and monetary policies of

the federal government and its agencies could have a material adverse effect on our earnings; significant changes in securities markets or markets for commercial or

residential real

estate

could

harm

our

revenues

and

profitability;

customers

could

pursue

alternatives

to

bank

deposits,

causing

us

to

lose

a

relatively

inexpensive

source of funding; customers may decide not to use banks to complete their financial transactions, which could affect net income; we have businesses other than

banking, which

subjects

us

to

a

variety

of

risks;

hurricanes

and

other

natural

disasters

may

adversely

affect

loan

portfolios

and

operations

and

increase

the

cost

of

doing business; negative public opinion could damage our reputation and adversely impact our business; we rely on other companies for key components of our

business infrastructure; we rely on our systems, employees and certain counterparties, and certain failures could materially adversely affect our operations; we depend

on the

accuracy

and

completeness

of

information

about

clients

and

counterparties;

regulation

by

federal

and

state

agencies

could

adversely

affect

our

business,

revenues, and profit margins; competition in the financial services industry is intense and could result in losing business or reducing profit margins; future legislation

could harm

our

competitive

position;

maintaining

or

increasing

market

share

depends

on

market

acceptance

and

regulatory

approval

of

new

products

and

services;

our

ability to receive dividends from our subsidiaries accounts for most of our revenues and could affect our liquidity and ability to pay dividends; significant legal actions

could subject us to substantial uninsured liabilities; we have in the past and may in the future pursue acquisitions, which could affect costs and from which we may not

be able to realize anticipated benefits; we depend on the expertise of key personnel without whom our operations may suffer; we may be unable to hire or retain

additional qualified personnel and recruiting and compensation costs may increase as a result of turnover, both of which may increase costs and reduce profitability

and may adversely impact our ability to implement our business strategy; our accounting policies and methods are key to how we report financial condition and results

of operations,

and

may

require

management

to

make

estimates

about

matters

that

are

uncertain;

changes

in

our

accounting

policies

or

in

accounting

standards

could

materially affect how we report our financial results and condition; our stock price can be volatile; our disclosure controls and procedures may fail to prevent or detect

all errors or acts of fraud; weakness in residential property values and mortgage loan markets could adversely affect us; we may be required to repurchase mortgage

loans or indemnify mortgage loan purchasers as a result of breaches of representations and warranties, borrower fraud, or certain borrower defaults, which could harm

our liquidity, results of operations and financial condition; and we may enter into transactions with off-balance sheet entities affiliated with SunTrust or its subsidiaries

which may cause us to recognize current or future losses.

2

Driving Shareholder Value

Financial Performance

Good progress in 3Q on fundamental performance in fee income, margin, and

expense management

Mortgage and fixed income valuations impacted 3Q results

Strength and Stability

Credit cycle appears to be turning and we believe SunTrust’s shareholders will

be well served by the Company’s legacy of disciplined credit risk management

Relatively low risk assets remaining in securitization warehouse, and level 3 fair

value assets are primarily high quality

Growth Opportunities

SunTrust’s unique franchise, higher growth footprint, and focus on execution

provides attractive growth prospects for our five lines of business

3

Financial Performance

4

Financial Performance

3Q 2007 Income Statement Summary

($ in millions, except per share data)

Total Revenue (FTE)

Total Revenue (FTE) Excluding Net Securities

(Gains)/Losses and Net Gain on Sale of Bond

Trustee

Total Noninterest Expense

Total Noninterest Expense Excluding Severance

Diluted Net Income Per Average Common Share

Diluted Net Income Per Average Common Share

Excluding Coke Gain

3Q 2007

Sept 30, 2007

3Q 2006

% Change

Annualized

2Q 2007

Sept 30, 2006

% Change

Nine Months Ended

2,038.4

(57)%

0%

6,480.1

5%

2,037.4

(19)%                          1%

6,242.7

2%

1,291.2

13%

7%

3,778.4

4%

1,246.2   

(2)%

3%

3,733.4

2%

1.18

NM                      (20)%

4.52

2%

1.18

(81)%

(20)%                           4.11

(7)%

1.  Accelerated share repurchase totaling 9.5 million shares completed in 3Q 2007 with 8 million shares fully reflected and 1.5 million partially.  Severance impact of  $0.08 per share included in results.

Note:  NM stands for not meaningful and indicates a large percentage change.

Despite Challenging Market Conditions, SunTrust Has Generated 

Revenue Growth and Maintained Expenses in 2007

1

1

5

Financial Performance 

Market Impacts and Noninterest Income

Capital Markets

Mortgage

Treasury

$    (121)

(88)

Total Loss                                 $     (161)

($ in millions)

Market

Related

Impact

of

$161

Million,

or

$0.28

Per

Share,

in

3Q

2007…

…Obscures Otherwise Solid Performance in Fee Income

Service charges up 10%

over 3Q 2006

Despite business sales,

Trust income up 1% over 3Q 2006 and 6% over 2Q 2007

1

Retail Investment income up 28%

over 3Q 2006

Mortgage Servicing income up 56%

over 3Q 2006

1.  Bond Trustee sale in 3Q 2006 and merger of Lighthouse Partners in 1Q 2007.

48

6

We believe our margin is lower than

peers due to our relatively conservative

loan mix

Three consecutive quarters of margin

expansion totaling 24 bps

Stable to slightly expanding margin 

expected in 4Q 2007

Balance sheet shareholder value

initiatives driving growth

Recent actions include reducing lower

yielding securities and higher cost

wholesale deposits

Financial Performance

Net Interest Margin

Source:  SNL

Peers: BAC, BBT, FITB, KEY, NCC, PNC, RF, USB, WB and WFC. 

Peer numbers are medians.

63 bp

Difference

23 bp

Difference

Net Interest Margin

2.94%

3.02%

3.10%

3.18%

3.41%

3.57%

3.49%

3.43%

4Q 2006

1Q 2007

2Q 2007

3Q 2007

SunTrust

Peers

1.

Actual results could differ materially from those contained in or implied by such statements –

refer to slide 1 for a list of important factors that

could cause actual results to differ.

1

7

Financial Performance

Expense Management

E

2

is Improving Efficiency…

$140.1 million in year-to-date realized gross cost savings versus 

2007 annual goal of $181 million

3Q 2007 run-rate savings of $59.5 million

On track to achieve $350 million 2008 goal

2009 goal remains $530 million

…But Credit Related Operating Losses and Deposit Focused

Marketing are Impacting Expense Growth As Well

$ Change

3Q 2007

2Q 2007

3Q 2006

2Q 2007

3Q 2006

Total noninterest expense    $1,246.2    $1,251.2    $1,205.5  

$(5.0)         $40.7

excluding severance

Operating losses

1

$52.0         $29.1           $9.9       $22.9         $42.1

Marketing

$46.9         $43.3         $35.9         $3.6         $11.0

1.

Operating losses are included in the other expense line item in our financial statements.  3Q 2007 operating losses include an accrual of

approximately $27 million for fraud losses.  The accrual at the end of the quarter was approximately $20 million.

8

Strength and Stability

9

Commercial

$34,970    

29%

Residential

Mortgages

$31,604

   26%

Construction

$14,359     

12%

Home Equity

Lines     

$14,599    

12%

Commercial RE

$12,487       

10%

Indirect

$7,642 

7%

Direct

$4,419

4%

Loan Portfolio: $120,748

million as of 9/30/07

1

No material exposure to credit card or

other consumer unsecured lending

Commercial portfolios, which represent

39% of total loans, are performing well

overall

Residential Mortgage Portfolio

•

63%

Core

ARM

and

Jumbo

with

WA          

LTV of 73% and WA FICO of 729²

•

5% ($1.7 billion) Alt-A: $1.1 billion 

1

st

lien with WA LTV of 76%,  

remaining are insured 2nds²

•

No option ARM, originated sub-prime,

or negative amortizing loans

Home Equity Lines

•

WA FICO 734, 24% 1

st

lien, and 27

months average seasoning

•

87% lower risk origination channels

Construction Portfolio

•

27% commercial purpose

•

26% construction perm loans to

individuals

•

35% residential construction and A&D

1.

Loan Portfolio also includes credit card balances which totaled $668 million.

2.

FICO scores are refreshed quarterly, and LTV’s are at origination.

Strength and Stability

Credit Perspective –

Loan Portfolio

10

Consumer

$11

    1%

Commercial RE

$41

     4%

Construction

$158

    16%

Commercial

$74

    8%

Residential

Mortgages¹

$691

      71%

3Q 2007 charge-off ratio of 34 bps

Through mid-year 2008, we anticipate

charge-offs will be in the 35-45 bps

range assuming no further material

deterioration  in the economy

50% of residential mortgage

nonaccruals are Alt-A, 64% are 1

st

lien

with an average LTV of 76%, and 36%

are insured 2

nd

liens

2

Remaining 50% of residential

mortgage NPL’s are primarily from

Core portfolio with typically lower

LTV’s

We expect the ultimate loss content in

current NPL’s to be much less than

balances

Allowance at 91 bps

is 2.7 times 3Q

2007 annualized charge-offs and 2.0

times high end of 35-45 bps charge-off

guidance range for the next 3 quarters

Strength and Stability

Credit Perspective –

Nonaccrual

Loans

Nonaccrual Loans: $975 million as of 9/30/07

1.

Includes Home Equity lines on nonaccrual status.

2.

FICO scores are refreshed quarterly, and LTV’s are at origination.

11

Source: SNL Financial

1  The numbers from

SNL

Financial

include

Loans

Held

for

Sale.

SunTrust

calculates

Annualized

NCO/Average

Loans

excluding

Loans

Held

for

Sale

and

that

ratio

was

0.34

for

3Q

2007.

2  BAC, BBT, FITB, KEY, NCC, PNC, RF, USB, WB and WFC.  Peer numbers are medians.

Annualized Net Charge-Offs/Average Loans Consistently Better Than Peers

1

Strength and Stability

Credit Perspective

%

0.32

0.19

0.27

0.19

0.18

0.37

0.56

0.37

0.22

0.17

0.44

0.40

0.39

0.33

0.35

0.33

0.61

0.69

0.80

0.50

0.00

0.20

0.40

0.60

0.80

1.00

2000

2001

2002

2003

2004

2005

2006

1Q 2007

2Q 2007

3Q 2007

SunTrust

Peers

2

12

Level 2

$25.8

Level 1

$3.7

Level 3

$1.0

Strength and Stability

Market Valuation Risk

97% of fair value assets are valued

based on  level 1 or level 2

measurement approaches

$1.0 billion level 3 includes

approximately:

•

$800 million Federal Reserve and

FHLB common stock

•

$100 million state-specific municipal

bonds

•

$50 million commercial loan 

securitization retained interest

•

$24 million student loan 

securitization retained interest

High Quality Level 3 Fair Value Assets

Fair Value Assets: $30.5 billion at 9/30/07

13

RMBS

$2.4

SBA

$471.2

CLO

$420.1

Strength and Stability

Market Valuation Risk

99.7% of warehouse is

government guaranteed Small

Business Administration loans

(SBA) and Commercial Loan

Obligations (CLO)

Additional Residential Mortgage

Backed Securities (RMBS)

exposure outside of the

warehouse is approximately $30

million of retained interests at

fair value at quarter end

Outside of warehouse,

Collateralized Debt Obligation

(CDO) exposure is

approximately $21 million at fair

value at quarter end

Relatively Low Exposure Remaining From Residential Mortgage

Securitization Activities

Securitization Warehouse: $893.7 million as of 9/30/07

14

Growth Opportunities

15

Market

Opportunities

Deposit focused campaign has helped increase year-to-date net new consumer

checking accounts by over 7%

Ranked Highest in Customer Satisfaction for Home Equity Line of Credit/Loan 

Servicers in 2007 by J.D. Power and Associates¹

Lowered cost per consumer loan serviced by 20% and cost per $ collected by 9% 

through improved productivity and effective use of offshoring

Goals

Continue to optimize branch network; opening approximately 40 new branches

Build 2008 marketing and advertising plans around checking household acquisition

Continued focus on growing SunTrust@work program (targets employees of 

commercial businesses for consumer banking relationships)

Increasing investment

in

internet

channel

with

plans

to

launch

Online

Account

Opening

and Mobile Banking services in 2008

Strategies

&

Tactics

SunTrust’s footprint shows projected population growth above the U.S. national

average  

Deposit dollars are projected to grow at 4.3% annually in the SunTrust footprint over the

next 5 years.  This is 16% higher than the U.S. average

Over 70%

of

households

in

the

SunTrust

footprint

are

clustered

in

the

Upper

Affluent,

Lower Affluent, and Mass Market segments

Grow deposit households

Expand loss mitigation strategy to assist delinquent home equity clients and reduce

nonperforming loans

Hire 50 to 100 business bankers

Retail Growth Opportunities

2007

Successes

1.

SunTrust

received

the

highest

numerical

score

in

the

proprietary

J.D.

Power

and

Associates

2007

Home

Equity

Line

of

Credit/Loan

Servicer

StudySM.

Study

based

on

4,964

total

responses

measuring

25

lenders and

measures

the

service

satisfaction

of

bank

customers

who

obtained

a

home

equity

line

of

credit/loan

in

September

2006-May

2007.

Proprietary

study

results

are

based

on

experiences

and

perceptions

of consumers

surveyed

in

June-August

2007.

Your

experiences

may

vary.

Visit

jdpower.com.

16

Strategies

&

Tactics

Market

Opportunities

Goals

Opportunity to expand business in under-penetrated markets

Opportunity to increase cross-sale of Treasury & Payments solutions, Private

Wealth Management, and Institutional Investment products

Deploy $100 million in New Markets Tax Credits

Increase client

product

penetration

by

better

leveraging

client

data

and

improving

cross-selling success

Drive new client acquisition through Treasury & Payments focused calling efforts and

product marketing

Cross-sell deposit and cash management products to Commercial Real Estate clients

Enhance speed

to

market

and

reduce

cost

of

loan

origination

via

full

implementation

of

credit resource center

Continue to grow deposits

Attain 20% lead bank market share

Increase deposits to 20% of loans versus 14% today in real estate client base

Commercial Growth Opportunities

2007

Successes

1

Capital Markets referrals up 25%

Treasury & Payment product sales up 11%

Over 1,400 referrals to Retail for SunTrust@work program

$100 million New Markets Tax Credits awarded by U.S. Treasury

1.  2007 successes % increases reflect the first three quarters of 2007 as compared to the same period in 2006.

17

Derivatives revenue up 22% led by a record 3rd Quarter

Structured Real Estate Leasing revenue up 28%

Leasing revenue up 15%

Strategies

&

Tactics

Market

Opportunities

Goals

Increase market share in Investment Banking products with large corporate clients

In Commercial Banking, Capital Markets expects to increase market share in

Syndications, Derivatives, and M&A

In Wealth & Investment Management, Capital Markets expects to increase market  

share in Derivatives

Execute our

new

STRH

integrated

Corporate

&

Investment

Banking

coverage

model

that

drives greater coordination of product and client groups and leverages recent

investments in people and capabilities in our Capital Markets platform

Increase the cross-sell of Capital Markets products in Commercial Banking and Wealth &

Investment Management with a new sales model that has product specialists located in 

key markets

Increase the number of lead relationships and grow Capital

Markets revenue by

20% from large corporate clients

Increase revenue by

20% and improve the mix towards more

Investment Banking revenue from commercial banking clients

Increase revenue

10-15% from Wealth & Investment  Management clients by

improving the

alignment

of

business

referral

/

compensation

goals

Corporate & Investment Banking Growth Opportunities

2007

Successes¹

1.  2007 successes % increases reflect the first three quarters of 2007 as compared to the same period in 2006.

18

Added 178 Retail Loan Officers and 20 new branches

Held the #1 customer service ranking by JD Power & Associates for Mortgage

Origination business in 2007

#7 National Purchase lender as ranked by Inside Mortgage Finance for 2007

Selectively grow origination business through organic sales force growth and strategic

branch additions

Maintain

“balanced

business”

by

managing

mix

of

origination

and

servicing

Provide world class technology to our sales and support teams

Focus on credit management; increase credit risk and default management staffing

Industry contraction creating opportunity to acquire top sales

talent and increase

market share

New product opportunities such as Reverse Mortgages

Strategies

&

Tactics

Market

Opportunities

Goals

Maintain 2008 origination volumes at near-2007 levels, despite expected 17%

industry decline

Grow servicing portfolio as appropriate to maintain balanced business model

Complete deployment of new mortgage origination technology to wholesale and retail

channels

Mortgage Growth Opportunities

2007

Successes

19

Market

Opportunities

Grow both AUA and AUM at or better than industry growth

Increase GenSpring AUM by 25%

Leverage our operating model to increase market share of business owners and

medical/legal professionals in our footprint

Maintain or increase two-thirds of funds in Lipper top two quartiles

Goals

Focus on business owners and medical/legal professionals for client acquisition and

cross sale opportunities

Complete GenSpring

opportunistic

hiring,

de

novo

branching,

and

acquisitions

Increase third party distribution of asset management products

Implement Unified Managed Assets (UMA) solution with the support of overlay

technology

Strategies

&

Tactics

The market is fragmented with the top 40 advisors averaging 1.25% market share

The creation of new wealth in the U.S. is being primarily driven by privately owned

businesses

25% of equity wealth projected to transfer over the next 5 years

Wealth & Investment Management Growth Opportunities

2007

Successes¹

Retail investment services income increased 22%

Approximately two-thirds of the STI Classic funds are in the top two Lipper quartiles

for 1, 3, and 5 year performance

GenSpring family offices re-branded (formerly AMA), opened a New York office,

hired several client advisors, and acquired TBK Investments,

Inc. increasing AUA

by $1.4B with 64 new families

1.  2007 successes % increases reflect the first three quarters of 2007 as compared to the same period in 2006.

20

Driving Shareholder Value

Financial Performance

Good fee income growth excluding market impacts

Increasing margin

Continuing progress in reducing expense growth

Strength and Stability

Portfolio is well diversified with little exposure to consumer unsecured lending

Charge-offs continue to be less than peers.  Based on 3Q NPL analysis, loss content

appears to be manageable at this time with reserves at 2.7x 3Q 2007 annualized charge-offs

High quality level 3 fair value assets

Relatively low exposure remaining from residential mortgage securitization activities

Line of Business Growth Opportunities

Increasing focus on consumer and commercial household acquisition

Lead with checking and treasury solutions products

Realize greater cross-sale opportunities

Continue to invest in technology solutions that improve client service and efficiency

Selectively grow businesses and products

21

Appendix

22

Outlook¹

We do not expect a material near-term recovery of the losses associated with the mark-to-market

adjustments realized in 3Q 2007.

We expect stable to slightly expanding net interest margin expansion in 4Q 2007.²

E

2

Efficiency and Productivity Initiative:

•

We anticipate

that

we

will

exceed

our

upwardly

revised

E

2

target

of

$181

million

in

estimated

gross

cost

savings

for 2007.

•

We are confident that we will achieve our $350 million gross cost savings goal in 2008.

•

Our 2009 gross cost savings goal remains $530 million.

Through mid-year 2008, we anticipate net charge-offs will be in the 35-45 basis point range assuming no

further material deterioration in the economy.

2

We experienced only a modest impact on financial results from additional deterioration in market values in

October.

1.

Actual results

could

differ

materially

from

those

contained

in

or

implied

by

such

statements

-

a

list

of

important

factors

that

could

affect

actual

results

are

listed on slide 1.

2.

Assumes no further material deterioration in the economy.

23

Reconciliations

($ in millions, except per share data)

Noninterest Income

Noninterest Income Excluding Net Securities (Gains)/

Losses and Net Gain on Sale of Bond Trustee

Business

Total Revenue (FTE)

Net Securities (Gains)/Losses

Net Gain on Sale of Bond Trustee Business

Total Revenue (FTE) Excluding Net Securities (Gains)/

Losses and Net Gain on Sale of Bond Trustee

Business

Total Noninterest Expense

Severance

Total Noninterest Expense Excluding Severance

Net Income Available to Common Shareholders

Impact of Excluding Gain on Sale of Shares of the   

Coca-Cola Company

Net Income Available to Common Shareholders

Excluding Gain on Sale of Shares of The              

Coca-Cola Company

Diluted Net Income Per Average Common Share

Impact of Excluding Gain on Sale of Shares of The  

Coca-Cola Company

Diluted Net Income Per Average Common Share

Excluding Gain on Sale of Shares of The               

Coca-Cola Company

3Q 2007

Sept 30, 2007

3Q 2006

Sept 30, 2006

Nine Months Ended

$819.1

$858.9

$2,852.7                          $2,585.8

818.1

837.9

2,615.2                            2,558.9

2,038.4

2,032.8                             6,480.1            

6,149.1

(1.0)

91.8

(237.4)

85.9

__

(112.8)

__

(112.8)

2,037.4

2,011.8                             6,242.7            

6,122.2

$1,291.2

$1,205.5

$3,778.4                        $3,646.1

(45.0)

__

(45.0)                             __

1,246.2

1,205.5

3,733.4                          3,646.1

$412.6

$535.6

$1,600.5                        $1,611.1

__  

__

(145.6)

__            

412.6

535.6

1,454.9

1,611.1

$1.18                         $1.47                     

$4.52                            $4.42

__                                __                   

( 0.41)

__

1.18

1.47

4.11                               4.42

24

On November 2, 2007, SunTrust Banks, Inc. (NYSE: STI) and GB&T Bancshares, Inc. (NASDAQ: GBTB) announced

the signing of a definitive agreement under which SunTrust will acquire GB&T (the “Agreement”).  The Agreement

provides that GB&T will merge with and into SunTrust, with SunTrust continuing as the surviving entity (the “Merger”),

and that each issued and outstanding share of GB&T common stock (excluding shares owned by GB&T or SunTrust)

will be converted into the right to receive 0.1562 shares of SunTrust common stock (the “Exchange Ratio”).  Cash will

be paid in lieu of fractional shares. 

Where You Can Find Additional Information About The Merger

The proposed Merger will be submitted to GB&T’s shareholders for consideration. SunTrust will file a Form S-4

Registration Statement, GB&T will file a Proxy Statement and both companies will file other relevant documents

regarding the Merger with the Securities and Exchange Commission

(the “SEC”). GB&T will mail the Proxy

Statement/Prospectus to its shareholders. These documents, and any applicable amendments or supplements, will

contain important information about the Merger, and SunTrust and

GB&T urge you to read these documents when

they become available.

You may obtain copies of all documents filed with the SEC regarding the Merger, free of charge, at the SEC’s website

(www.sec.gov). You may also obtain these documents free of charge from SunTrust’s website (www.suntrust.com)

under the heading “About SunTrust”

and then under the heading “Investor Relations”

and then under the item

“Financial and Regulatory Filings.”

You may also obtain these documents, free of charge, from GB&T’s website

(www.gbtbancshares.com) under the section “Corporate Info”

and then under the item “Corporation Information”

and

then under the item “Documents.”

Participants in the Merger

SunTrust and GB&T and their respective directors and executive officers may be deemed participants in the

solicitation of proxies from GB&T’s shareholders in connection with the Merger. Information about the directors and

executive officers of SunTrust and GB&T and information about other persons who may be deemed participants in the

Merger will be included in the Proxy Statement/Prospectus. You can find information about SunTrust’s executive

officers and directors in its definitive proxy statement filed with the SEC on March 2, 2007. You can find information

about GB&T’s executive officers and directors in its definitive proxy statement filed with the SEC on April 18, 2007.

You can obtain free copies of these documents from the websites of SunTrust, GB&T or the SEC.

Driving Shareholder Value

Mark A. Chancy

Corporate Executive Vice President and Chief Financial Officer

Merrill Lynch Banking & Financial Services Conference

November 15, 2007