On February 24, 2017, SunTrust Banks, Inc. (“SunTrust” or the “Company”) issued a news release announcing certain management successions which will become effective April 3, 2017. The news release is filed as Exhibit 99.1 to this report and incorporated herein by reference.

Mark A. Chancy, 52, will become Vice Chairman – Consumer Segment Executive, and will be responsible for the Consumer, Private Wealth Management, and Mortgage lines of business. Mr. Chancy served as Corporate Executive Vice President and Wholesale Banking Executive from 2011 to 2017, responsible for the Corporate & Investment Banking, Commercial & Business Banking, Treasury & Payment Solutions and Commercial Real Estate Banking lines of business. Mr. Chancy is a member of the board of SunTrust Robinson Humphrey, Inc. In connection with this change, Mr. Chancy’s base salary will be increased to $700,000, and his AIP target percentage will be set at 135%.

Hugh S. (“Beau”) Cummins, III, 54, will succeed Mr. Chancy and become Corporate Executive Vice President and Wholesale Segment Executive. Mr. Cummins will be responsible for Corporate & Investment Banking, Commercial & Business Banking, Treasury & Payment Solutions and Commercial Real Estate Banking lines of business. Mr. Cummins served as Commercial & Business Banking Executive from 2013 to 2017 responsible for SunTrust’s 22 division and region presidents. From 2007 to 2013, he served as Chairman, President & Chief Executive Officer of SunTrust Robinson Humphrey (STRH), the corporate and investment banking division of SunTrust Banks, Inc. In connection with this change, Mr. Cummins base salary will be increased to $675,000, and his AIP target percentage will be set at 135%.

Thomas E. Freeman, 65, will become Corporate Executive Vice President and Efficiency & Strategic Partnerships Executive, and will continue to report to the CEO. He will be responsible for the Company’s Fin Tech strategy, efficiency ratio initiatives, and improving operational excellence in Consumer operations. Mr. Freeman has served since 2015 as Corporate Executive Vice President and Consumer Banking and Private Wealth Management Executive. He served as Chief Risk Officer of SunTrust from 2007 until 2015, and also served as Chief Credit Officer from 2006 until 2009.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1. News release dated February 24, 2017.

About SunTrust Banks, Inc. (NYSE:STI)

SunTrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. The Company operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Company’s investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and real estate assets. The Company operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

SunTrust Banks, Inc. (NYSE:STI) Recent Trading Information

SunTrust Banks, Inc. (NYSE:STI) closed its last trading session down -0.37 at 59.17 with 2,447,766 shares trading hands.