The board of directors of SunTrust Banks, Inc. has declared a regular quarterly cash dividend of $0.50 per common share.  The dividend is payable on September 17, 2018, to common shareholders of record at the close of business on August 31, 2018. 

The board of directors also declared the following dividends payable in cash on September 17, 2018, to preferred shareholders of record at the close of business on August 31, 2018:

• a quarterly cash dividend of $1,022.22(1) per share on SunTrust's Perpetual Preferred Stock, Series A ($100,000 liquidation preference per share).  The amount of the dividend on each Series A Depositary Share ($25 liquidation preference per share) will be $0.255(2); and

• a quarterly cash dividend of $1,022.22(1) per share on SunTrust's Perpetual Preferred Stock, Series B ($100,000 liquidation preference per share).