FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

WELLS JAMES M III	2. Issuer Name and Ticker or Trading Symbol

SUNTRUST BANKS INC [ STI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, President and CEO	
(Last)          (First)          (Middle)

303 PEACHTREE STREET	3. Date of Earliest Transaction (MM/DD/YYYY)

2/11/2011		
(Street)

ATLANTA, GA 30308
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock  	 	 	 	  	 	 	 	163581.65  	D   (1)	
 	
Common Stock  	2/11/2011  	 	F	  	12276  	D	$32.53  	151305.65  	D  	
 	
Common Stock  	 	 	 	  	 	 	 	12267  	I  	Spouse  	
Common Stock  	 	 	 	  	 	 	 	1691.9067  	D   (2)	
 	
Common Stock  	 	 	 	  	 	 	 	112913  	D   (3)	
 	
Common Stock  	 	 	 	  	 	 	 	25010.051  	I  	GRAT no. 2  	
Common Stock  	 	 	 	  	 	 	 	28433.555  	I  	GRAT no. 3  	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
Phantom Stock Units   (4)	  (4)	 	 	   	  	  	  	  (4)	  (4)	Common Stock  	7900.1177  	 	7900.1177  	D  	
 	
Phantom Stock Units   (5)	  (5)	 	 	   	  	  	  	  (5)	  (5)	Common Stock  	115121.689  	 	115121.689  	D  	
 	
Phantom Stock Units   (6)	  (6)	 	 	   	  	  	  	  (6)	  (6)	Common Stock  	8125.0244  	 	8125.0244  	D  	
 	
Option   (7)	$64.57  	 	 	   	  	  	  	12/31/2001  	11/13/2011  	Common Stock  	15000  	 	15000  	D  	
 	
Option   (7)	$64.57  	 	 	   	  	  	  	11/13/2004  	11/13/2011  	Common Stock  	60000  	 	60000  	D  	
 	
Option   (7)	$54.28  	 	 	   	  	  	  	2/11/2006  	2/11/2013  	Common Stock  	100000  	 	100000  	D  	
 	
Option   (7)	$73.19  	 	 	   	  	  	  	2/10/2007  	2/10/2014  	Common Stock  	100000  	 	100000  	D  	
 	
Option   (8)	$73.14  	 	 	   	  	  	  	2/8/2008  	2/8/2015  	Common Stock  	60000  	 	60000  	D  	
 	
Option   (8)	$71.03  	 	 	   	  	  	  	2/14/2009  	2/14/2016  	Common Stock  	100000  	 	100000  	D  	
 	
Option   (8)	$85.06  	 	 	   	  	  	  	2/13/2010  	2/13/2017  	Common Stock  	163000  	 	163000  	D  	
 	
Option   (8)	$64.58  	 	 	   	  	  	  	2/12/2011  	2/12/2018  	Common Stock  	250000  	 	250000  	D  	
 	
Option   (8)	$9.06  	 	 	   	  	  	  	2/10/2012  	2/10/2019  	Common Stock  	250000  	 	250000  	D  	

Explanation of Responses:	
(  1) 	Includes 35,000 shares of restricted stock which vested on 02/11/2011.	
(  2) 	Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.	
(  3) 	Restricted stock granted under SunTrust Banks, Inc. 2004 Stock Plan and the 2009 Stock Plan. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3. Includes 50,000 shares which vest on 02/10/2012 and 62,913 shares which vest on 12/16/2012.	
(  4) 	The reported phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These phantom stock units convert to common stock on a one-for-one basis.	
(  5) 	Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash one half on March 31, 2011 and one half on March 31, 2012, unless settled earlier due to the executive's death.	
(  6) 	Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash on March 15, 2012, unless settled earlier due to the executive's death.	
(  7) 	Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.	
(  8) 	Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
WELLS JAMES M III
303 PEACHTREE STREET
ATLANTA, GA 30308	X		Chairman, President and CEO		

Signatures		
David A. Wisniewski, Attorney-in-Fact for James M. Wells III		2/15/2011	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
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