February 10, 2010 (FinancialWire) — The board of directors of SunTrust Banks, Inc. (NYSE: STI) has declared a regular quarterly cash dividend of $0.01 per common share. The dividend is payable on March 15, 2010, to shareholders of record on March 1, 2010.

The SunTrust board of directors also announced a quarterly cash dividend of $1,000.00 per share on SunTrust’s Perpetual preferred stock, series A, declared payable in cash on March 15, 2010, to shareholders of record at the close of business on March 1, 2010.

Georgia-based SunTrust Banks is a banking organization serving consumer, commercial, corporate and institutional clients.

The company operates a branch and ATM network throughout the Southeast and Mid-Atlantic states and also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services.

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