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SunTrust Signs Agreement with InfiCorp for Consumer Credit Cards

ATLANTA, Dec. 12 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) today announced it has signed an agreement with Atlanta-based InfiCorp Holdings, Inc. for issuing consumer credit cards.

Under terms of the agreement, InfiCorp will market, originate and service SunTrust-branded cards starting in the first quarter of 2007, focusing on SunTrust clients. SunTrust will be engaged in the underwriting process for the new cards, and have the option to purchase card assets for its own loan portfolio.

"This move perfectly addresses SunTrust's strategic, financial and product considerations in an evolving credit card environment," noted C. Gene Kirby, SunTrust corporate executive vice president in charge of its Retail Banking line of business. "InfiCorp has a solid track record in providing an effective and efficient turn-key solution with the flexibility to tailor its services in line with our comprehensive payments strategy. We are delighted to have them as a partner."

Mr. Kirby said that decisions as to the possible addition of consumer credit card assets in the future will be made as part of SunTrust's ongoing priority of maintaining a "well balanced" total loan portfolio that continues to meet optimal risk and return standards under varying economic scenarios.

In October 1999, SunTrust entered into an agreement with MBNA Corporation that expires in January 2007 under which MBNA purchased SunTrust's consumer credit card portfolio and marketed personal card products and services to the bank's customers. The business, corporate and purchasing card portfolios were not part of that transaction and continue to be maintained by SunTrust.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2006, SunTrust had total assets of $183.1 billion and total deposits of $124.4 billion. The Company operates an extensive branch and ATM network throughout the high- growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is

InfiCorp Holdings, Inc. is a wholly owned subsidiary of First National of Nebraska, a financial services holding company located in Omaha, Nebraska. With nearly $16 billion in managed assets and over 7,000 employees, First National of Nebraska is one of the fifty largest bank holding companies in the United States, serving over 6.6 million customers in all 50 states. First National Bank of Omaha, InfiCorp's sister company, is the fifth largest in-house credit card processor, the sixth largest merchant processor, a top ten commercial card issuer, the twelfth largest issuer of bank credit cards in the United States, and provides comprehensive credit card portfolio management services to approximately 700 financial institutions across the nation. InfiCorp's internet address is:

SOURCE SunTrust Banks, Inc.

CONTACT: Hugh Suhr of SunTrust Banks, Inc., +1-404-827-6813

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SunTrust's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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