Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 12, 2008, SunTrust Banks, Inc. ("SunTrust") announced that, effective immediately, William H. Rogers, Jr., 51, currently Corporate Executive Vice President in charge of SunTrust's wholesale, mortgage, and wealth & investment management businesses, has been named President of SunTrust Banks, Inc. Mr. Wells, 62, previously held that title. In his new role, Mr. Rogers will have responsibility for SunTrust's geographic banking organization; the retail, commercial, mortgage, and wealth & investment management businesses; and corporate marketing. Mark A. Chancy, 44, SunTrust Chief Financial Officer, will in addition to his current duties, assume expanded accountability for the corporate & investment banking business, and also the Company's Chief Administrative Officer organization which continues under the direction of David F. Dierker. William R. Reed, Jr., 62, SunTrust Vice Chairman, currently in charge of SunTrust's geographic banking organization, will assume new responsibilities in connection with transition matters related to the new organizational structure. Messrs. Rogers, Chancy and Reed will continue to report to Mr. Wells, along with Thomas E. Freeman, Chief Risk Officer; Raymond D. Fortin, General Counsel; Timothy E. Sullivan, Chief Information Officer; and Mimi Breeden, Human Resources Director.

A copy of the press releases announcing the events described above is attached as Exhibits 99.1 and is incorporated in this report by reference.

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