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 6, 2008

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 7.01 Regulation FD Disclosure.

SunTrust Banks, Inc. (the “Registrant”, “SunTrust”, or the “Company”) is scheduled to make a presentation at the BancAnalysts Association of Boston Conference on Friday, November 7, 2008 at 7:30 AM Eastern Time. James M. Wells III, Chairman of the Board, President and Chief Executive Officer, will make SunTrust’s presentation. A copy of the slide package to be used by the Registrant at this conference is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Such slide package will also be available on the Registrant’s web site at www.suntrust.com. Information contained on the Registrant’s website expressly is 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 into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references Section 7.01 of 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 7, 2008 (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 6, 2008.	By:	/s/ David A. Wisniewski
		David A. Wisniewski,
		Associate General Counsel and
		Group Vice President

EX-99.1

BancAnalysts Association of Boston Conference

November 7, 2008

James M. Wells III

Chairman, President and Chief Executive Officer

Exhibit 99.1

Important Cautionary Statement About Forward-Looking Statements

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2007 Annual Report on Form 10-K, Quarterly Reports on Form

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

This presentation includes non-GAAP financial measures to describe SunTrust’s performance.  The reconciliation of those measures to GAAP measures are provided within this presentation.  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.

This

presentation

may

contain

forward-looking

statements.

Statements

that

do

not

describe

historical

or

current

facts,

including

statements

about

beliefs

and

expectations,

are

forward-looking

statements.

These

statements

often

include

the

words

“believes,”

“expects,”

“anticipates,”

“estimates,”

“intends,”

“plans,”

“targets,”

“initiatives,”

“potentially,”

“probably,”

“projects,”

“outlook”

or

similar

expressions

or

future

conditional

verbs

such

as

“may,”

“will,”

“should,”

“would,”

and

“could.”

Such

statements

are

based

upon

the

current

beliefs

and

expectations

of

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

we

do

not

assume

any

obligation

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

actual

results

to

differ

materially

from

those

described

in

the

forward-looking

statements

can

be

found

in

Exhibit

99.3

to

our

Current

Reports

on

Form

8-K

filed

on

October

23,

2008

with

the

Securities

and

Exchange

Commission

and

available

at

the

Securities

and

Exchange

Commission’s

internet

site

(http://www.sec.gov),

which

is

incorporated

by

reference

herein.

Those

factors

include:

difficult

market

conditions

have

adversely

affected

our

industry;

current

levels

of

market

volatility

are

unprecedented;

the

soundness

of

other

financial

institutions

could

adversely

affect

us;

there

can

be

no

assurance

that

recently

enacted

legislation

will

stabilize

the

U.S.

financial

system;

the

impact

on

us

of

recently

enacted

legislation,

in

particular

the

Emergency

Economic

Stabilization

Act

of

2008

and

its

implementing

regulations,

and

actions

by

the

FDIC,

cannot

be

predicted

at

this

time;

credit

risk;

weakness

in

the

economy

and

in

the

real

estate

market,

including

specific

weakness

within

our

geographic

footprint,

has

adversely

affected

us

and

may

continue

to

adversely

affect

us;weakness

in

the

real

estate

market,

including

the

secondary

residential

mortgage

loan

markets,

has

adversely

affected

us

and

may

continue

to

adversely

affect

us;

as

a

financial

services

company,

adverse

changes

in

general

business

or

economic

conditions

could

have

a

material

adverse

effect

on

our

financial

condition

and

results

of

operations;

changes

in

market

interest

rates

or

capital

markets

could

adversely

affect

our

revenue

and

expense,

the

value

of

assets

and

obligations,

and

the

availability

and

cost

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;

we

may

be

required

to

repurchase

mortgage

loans

or

indemnify

mortgage

loan

purchasers

as

a

result

of

breaches

of

representations

andwarranties,

borrower

fraud,

or

certain

borrower

defaults,

which

could

harm

our

liquidity,

results

of

operations

and

financial

condition;

clients

could

pursue

alternatives

to

bank

deposits,

causing

us

to

lose

a

relatively

inexpensive

source

of

funding;

consumers

may

decide

not

to

use

banks

to

complete

their

financial

transactions,

which

could

affect

net

income;

we

have

businesses

other

than

banking

which

subject

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

and

revenues;

we

rely

on

other

companies

to

provide

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,

revenue

and

profit

margins;

competition

in

the

financial

services

industry

is

intense

and

could

result

in

losing

business

or

reducing

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;

we

may

not

pay

dividends

on

our

common

stock;

our

ability

to

receive

dividends

from

our

subsidiaries

accounts

for

most

of

our

revenue

and

could

affect

our

liquidity

and

ability

to

pay

dividends;

significant

legal

actions

could

subject

us

to

substantial

uninsured

liabilities;

recently

declining

values

of

residential

real

estate

may

increase

our

credit

losses,

which

would

negatively

affect

our

financial

results;

deteriorating

credit

quality,

particularly

in

real

estate

loans,

has

adversely

impacted

us

and

may

continue

to

adversely

impact

us;

disruptions

in

our

ability

to

access

global

capital

markets

may

negatively

affect

our

capital

resources

and

liquidity;

any

reduction

in

our

credit

rating

could

increase

the

cost

of

our

funding

from

the

capital

markets;

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;

we

may

not

be

able

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

our

financial

condition

and

results

of

operations,

and

these

require

us

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

not

prevent

or

detect

all

errors

or

acts

of

fraud;

our

financial

instruments

carried

at

fair

value

expose

us

to

certain

market

risks;

our

revenues

derived

from

our

investment

securities

may

be

volatile

and

subject

to

a

variety

of

risks;

we

may

enter

into

transactionswith

off-balance

sheet

affiliates

or

our

subsidiaries

that

could

result

in

current

or

future

gains

or

losses

or

the

possible

consolidation

of

those

entities;

and

we

are

subject

to

market

risk

associated

with

our

asset

management

and

commercial

paper

conduit

businesses.

2

Investment Thesis

Diversified Franchise

•

Meaningful consumer and commercial

platforms

•

Attractive, diverse geographic profile

•

Strong market share in core markets

•

Significant fee-oriented activities

complement spread-based business

•

Strengthened capital ratios

•

Attractive, long-term dividend growth

•

Diversified sources of funding; large, stable

deposit base is primary source of liquidity

•

Diversified credit profile

•

Aggressively managing risk positions

Strategic Initiatives for Growth

•

Improving efficiency

and productivity

•

Generating momentum

with revenue initiatives

•

Continuing to optimize

balance sheet and

business mix

Stable Base of Operations Provides Foundation for Future Growth

Solid Capital Structure and

Balance Sheet

3

Diversified Franchise

4

Diversified Franchise

Retail &

Commercial

Wholesale

Mortgage

Wealth &

Investment

Management

Meaningful Consumer and Commercial Platforms

Scope       

of

Operations

Market

Focus

-

National

-

~200 Relationship

Managers

-

Full line of

investment banking

products and

services

-

Middle Market:               

$100MM-$750MM

-

Corporate Banking:

>$750MM

-

Commercial RE:

commercial and

residential developers  

& investors

-

Investment banking

sales to commercial and

W&IM clients

-

National

-

Full array of private

wealth management

and institutional

solutions including

personal and

institutional

investment

management

-

AUM = $129.5B

-

Individuals in need of

private wealth mgmt.

including banking,

trust, brokerage and

asset management

solutions

-

Organizations in

need of institutional

administrative and

investment solutions

-

National

-

Ranked #9 in total

originations in 2Q

2008

-

Mortgage servicing

portfolio of $159.3B

-

Prime based platform,

~98% of 3Q 2008

originations for sale were

agency

-

48% of production

through 3Q 2008 was

retail originated

1.

Inside Mortgage Finance, 09/26/08

2.

As of 9/30/08

-

SunTrust footprint

-

1,692 branches

-

2,506 ATMs

-

~800 Relationship

Managers 

-

Retail clients in

SunTrust footprint

-

Business clients in

SunTrust footprint

with revenues

<$100MM

-

Government and

not-for-profit

enterprises

1

2

5

Other

4%

Florida

31%

North

Carolina

6%

Tennessee

9%

Virginia

12%

Georgia

32%

Maryland

6%

Diversified Franchise

1,773 Branches

Other

6%

Florida

33%

North Carolina

11%

Tennessee

10%

Virginia

14%

Georgia

18%

Maryland

8%

$120 Billion in Deposits

Attractive, Diverse Geographic Profile

1.

Deposit, branches and share data from SNL.  Deposits as of June 30, 2008.  Demographic information from Claritas. 5 year population growth is 2007-2012

2.

Data from SNL, as of June 30, 2008, includes nontraditional locations

3.

Deposit balances as of June 2008 from Company financial statements.  State breakdown from SNL as of June 2008

SunTrust Footprint

-

7.5% projected 5 year population growth vs. 4.6%

U.S. average

-

Projected household income growth is above the U.S. average

-

Ranked top 3 in 19 of top 25 markets, representing 86% of total

MSA deposits and average deposit market share of 15%

1

2

3

6

Diversified Franchise

Fee

Income

47%

Net

Interest

Income

(FTE)

53%

Fee

Income

32%

Net

Interest

Income

(FTE)

68%

1997

2008 YTD

1.  Excludes Corporate/Other and Reconciling Items, as defined in the Company’s 10-K filing

2.

Excludes Securities Gains/Losses

3.

Year to date as of September 30, 2008

Significant Fee-Oriented Activities Complement Spread-Based Business

Significant Fee-Oriented Activities Complement Spread-Based Business

3

1

Total Revenue FTE   

Retail &

Commercial

53%

Wholesale

16%

Mortgage

13%

Wealth &

Investment

Management

18%

2008 YTD

3

2

Rising Contribution of Fee Income

7

Solid Capital and Balance Sheet

8

Strengthened Capital Ratios

3Q 2008

2Q 2008

Change           

Tier 1 Capital Ratio

8.15%

7.47%

68 bps

Total Capital Ratio

11.16%

10.85%

31 bps

Total Avg. Equity to Total Avg. Assets

10.34%    

10.31%                     3 bps

Tangible Equity to Tangible Assets        

6.40%     

6.27%

13 bps

Capital Ratios

Participation in the Capital Purchase Program

•

Received approval for the sale of $3.5 billion (requested amount) in preferred stock and related warrants

•

Based on current estimates, this will bring Tier 1 capital over 10%

•

Funds will be used for prudent loan growth and expansion of business capabilities including the exploration

of potential acquisitions that are in line with long-term strategic goals

•

Maintenance of capital at elevated levels is desirable at this time

Dividend Cut by 30%

•

Quarterly dividend cut to $0.54 per common share effective with the next dividend

•

Reduced to preserve capital given difficult and uncertain economic times

4Q 2008 Events

9

Solid Capital and Balance Sheet

Proactively Reducing Risk Profile and Improving Capital Position

4Q07

2Q07

1Q07

3Q07

Delevered balance sheet

by over $9B in

conjunction with early

adoption of SFAS

157/159

Reduced securitization

exposure (CLO, SBA,

CDO and RMBS)

to $142MM from

$1B at 3Q07

Sold 9% of Coke

holdings; announced

review of remaining

Coke position

1Q08

54% ($1.9B)

reduction in

higher risk trading

assets

2Q08

3Q08

Sold 10MM

shares of Coke

and improved

Tier 1 ratio           

20 bps

Additional 53%

reduction in higher risk

trading assets leaves

$768MM

30MM Coke

share Tier 1

transaction

complete

3.6MM Coke

share

charitable

contribution

Sale of $3.5

billion in

preferred stock

and related

warrants to the

U.S. Treasury

30%

reduction in

common

stock

dividend

4Q08

10

Funding & Liquidity

Stable Funding and Strong Liquidity Position

Funding

•

Deposits fund 66% of total assets and 91% of loans

•

Core deposits are 88% of total deposits

Liquidity

•

No Holding Company debt maturing until October 2009 ($300 million)

•

Average daily overnight borrowing position down significantly coincident with a 25% decrease in

brokered and foreign deposits

•

Combined available contingent liquidity from the Fed, FLHB, and free securities exceeds $28 billion

1.  At September 30, 2008

2.  At September 30, 2008, core deposits exclude brokered and foreign deposits

1

2

11

Commercial

15%

Residential

Mortgages

33%

Home Equity

Lines

29%

Consumer

10%

Construction

13%

Diversified Credit Profile

Commercial

8%

Residential

Mortgages

47%

Construction

32%

Consumer

1%

Commercial

Real Estate

5%

Home Equity

Lines

7%

Nonaccrual Loans 9/30/08

3Q 2008 Net Charge-Offs

Loan Portfolio 9/30/08

Diversified Credit Profile and Strong Credit Culture

1

1. Consumer includes credit card portfolio of $1.0 billion

Home

Equity Lines

13%

Commercial

Real Estate

11%

Consumer

10%

Construction

9%

Residential

Mortgages

25%

Commercial

32%

12

Diversified Credit Profile

Commercial

and

Commercial

Real

Estate

Comprise

43%

of

Loans

1. Largely owner-occupied

2. Restated to reflect portfolio redistribution of GB&T from Real Estate Construction to Commercial Real Estate during Q3 system

conversion

1

Balance

% of

C/O Ratio

C/O Ratio

30-89 DLQ%

30-89 DLQ%

($ millions)

09/30/2008

Portfolio

3Q08

2Q08

3Q08

2Q08

2

Commercial

$40,085

32%

0.59%

0.42%

0.38%

0.36%

Commercial Real Estate

1

13,842

11%

-

0.02%

0.49%

0.57%

Consumer

12,731

10%

1.17%

1.05%

3.36%

2.82%

Real Estate Home Equity Lines

16,159

13%

2.97%

2.40%

1.48%

1.19%

Real Estate 1-4 Family

32,382

25%

1.57%

1.49%

2.03%

1.90%

Real Estate Construction

11,519

9%

1.73%

1.16%

3.37%

3.88%

Total

$126,718

100%

1.24%

1.04%

1.52%

1.48%

13

Diversified Credit Profile

Asset Quality Continued to Weaken, 30-89 Days Past Due Remains Stable

1.24%

1.04%

0.97%

1.54%

1.25%

1.46%

1.52%

1.52%

1.48%

0.70%

0.80%

0.90%

1.00%

1.10%

1.20%

1.30%

1.40%

1.50%

1.60%

1Q 2008

2Q 2008

3Q 2008

Net Charge-Offs

ALLL to Loans

30-89 Days Past Due

14

The Subset of Portfolios That Is Under Stress Comprises 12% of the Total Loan

Book; We Have Taken Aggressive Actions to Mitigate Risk

Aggressively Managing Risk Positions

•

Eliminated Alt-A lending

•

Aggressively managing collection and loss

mitigation initiatives

•

Significantly increased reserves

-----------------------------------------------------------------

•

Eliminated >85% LTV production

from all channels

•

Added restrictions on LTVs, DTI, and FICO,

particularly in high risk markets

•

Closed or reduced lines to high risk

accounts (3  

party

originated, high CLTV,

high risk markets)

-----------------------------------------------------------------

•

Identified less well positioned builders

and engaged in risk mitigation

•

Added controls, tightened underwriting, and

implemented special guidelines for certain

markets

•

Focused effort to reduce residential

construction has reduced outstandings by

$2.7B during past year

•

More than 50% of residential builder

balance reduction has occurred in Florida

and Atlanta portfolios

Actions

09/30/2008

% of Total

Current

($ in millions)

Balance

Portfolio

FICO

Balance

% of Bal

Residential Mortgages

   Lot Loans

$1,447

1.1%

708

$187

12.9%

   Alt-A 1st

917

0.7%

642

200

21.8%

   Alt-A 2nd

382

0.3%

621

52

13.6%

Home Equity Lines

   3rd Party Originated

1,903

1.5%

732

65

3.4%

   CLTV > 80% (Florida)

1,945

1.5%

735

50

2.6%

   CLTV > 90%

1,763

1.4%

738

24

1.3%

Construction

   Construction Perm

2,030

1.6%

na

287

14.1%

   Residential Construction

2,328

1.8%

na

282

12.1%

   Residential A&D

2,029

1.6%

na

320

15.8%

   Residential Land

611

0.5%

na

111

18.2%

Stressed Total

$15,355

12.1%

$1,578

10.3%

Remaining Portfolio

$111,363

87.9%

$1,712

1.5%

Nonaccrual Loans

rd

15

Strategic Initiatives for Growth

16

Strategic Initiatives for Growth

•

2009

gross

expense

savings

represent

11%

of

2006

expense

base

1

•

Full year 2008 savings expected to approximate $540 million

•

Key contributors to achieving 2009 goal of $600 million include supplier management,

outsourcing, and process reengineering

Efficiency and Productivity Program is Changing the Corporate Culture

1.

Does

not

include

initial

costs,

non-recurring

expense

reductions,

and

non-recurring

gains

associated

with

E

implementation

2.

Gross cost savings goals include approximately $50 million of interest expense savings related to reduced financing costs from disposition

of corporate real estate, which was fully realized beginning in 2Q 2008

Projected

Expense

Savings

from

the

E

Efficiency

and

Productivity

Program

($ in millions)

$540                     

2008 Run Rate

Savings

2

2

$600                     

2009 Program

Goal

2

17

Strategic Initiatives for Growth

Investing For Growth

E

Expense Savings

•

Previously announced elimination of

~2,400 positions, or 7% of the workforce

by year end 2008

•

Shed excess office space by

approximately 25%

–

sold over $1 billion of branch and

office space

•

Reduced approximately 10% of supplier

expenses

•

Completed projects that save money and

“ease doing business with SunTrust”

–

new credit support structure that

streamlines routine decision process

from one week to under three days

•

Continue to invest in high growth

markets

–

~40 new branches in 2008

•

Increase advertising and marketing

expenditures to drive client and

deposit acquisition

•

Implement new technology to

improve retail sales and service

platforms

•

Invest in the development of

Treasury & Payment Solutions

products

Ongoing Effort to Generate Expense Savings and Invest for Growth

2

18

Strategic Initiatives for Growth

Retail & Commercial

Wholesale

Generating Momentum with Revenue Initiatives

•

Grow Corporate Banking Revenue

—industry

specific

coverage

model

drove

23%

growth

in

new

business

revenue

•

Increase Market Share in Middle Market Segment

—complete range of products

delivered through local relationship management

•

Grow Capital Markets Cross-Sale Revenue

—21% capital markets revenue growth in

Wholesale,

Commercial

and

W&IM

client

bases

•

Core Household Growth

—checking households grew 10% and total households grew

7%

•

Business Deposit Growth

—2008

new

business

checking

accounts

grew

12%

•

Enhanced Loan Margin

—targeting increased loan margin over the next 12-36 months

1.

From September 2007 to September 2008

2.

YTD as of September 30, 2008 compared to the same period 2007

1

2

2

2

19

Strategic Initiatives for Growth

Wealth & Investment Management

Generating Momentum with Revenue Initiatives

•

New Business Revenue Growth

—leverage unified managed account capability and

increased sales and retention focus of relationship managers

•

Leverage RidgeWorth’s Holding Company/Boutique Structure to Beat the Lipper

Peer Group

—more than 77% of RidgeWorth I shares beat their respective Lipper

Peer Group average for the 1,3, and 5-year periods

Mortgage

•

Drive Checking Account Cross-Sales by Tying Electronic Mortgage Payment

Drafting to the Newly Created Account

—penetration rate has improved 60% to 1

out of every 3 prospects

•

Grow FHA Volume

—nearly a 500% increase

1.

3Q 2008 as compared to 3Q 2007

1

20

Strategic Initiatives for Growth

•

GB&T Bancshares, Inc.

•

Alpha Asset Management

•

TBK Investments, Inc.

Selectively Divest: Non-Core Business Units

•

TransPlatinum

•

First Mercantile Trust Co.

•

Lighthouse (Fund of Funds Manager)

Continue to Optimize Balance Sheet and Business Mix

Balance Sheet

Grow: Higher Margin, Higher Risk Adjusted Return Products and Services

•

Commercial Lending

•

Deposits (Improved Mix)

•

Fee Income Businesses

•

Indirect Lending

•

Construction Lending

•

Brokered Deposits

Shrink: Lower Risk Adjusted Return Assets and Higher Cost Deposits

Business Mix

Invest In: Core Businesses That Leverage Core Competencies

21

Investment Thesis

Diversified Franchise

•

Meaningful consumer and commercial

platforms

•

Attractive, diverse geographic profile

•

Strong market share in core markets

•

Significant fee-oriented activities

complement spread-based business

•

Strengthened capital ratios

•

Attractive, long-term dividend growth

•

Diversified sources of funding; large, stable

deposit base is primary source of liquidity

•

Diversified credit profile

•

Aggressively managing risk positions

Strategic Initiatives for Growth

•

Improving efficiency

and productivity

•

Generating momentum

with revenue initiatives

•

Continuing to optimize

balance sheet and

business mix

Stable Base of Operations Provides Foundation for Future Growth

Solid Capital Structure and

Balance Sheet

BancAnalysts Association of Boston Conference

November 7, 2008

James M. Wells III

Chairman, President and Chief Executive Officer

23

Appendix

24

September 30,

2008

Total Shareholders' Equity

$17,956.0

Goodwill

(7,062.9)

Other Intangible Assets including MSRs

(1,328.1)

MSRs

1,150.0

Tangible Equity

$10,715.0

Total Assets

$174,776.8

Goodwill

(7,062.9)

Other Intangible Assets including MSRs

(1,390.0)

MSRs

1,150.0

Tangible Assets

$167,473.9

Tangible Equity to Tangible Assets

6.40%

Non GAAP Reconcilement

($ in millions)