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 *

Chancy Mark A	2. Issuer Name and Ticker or Trading Symbol

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

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Corp. EVP and CFO	
(Last)          (First)          (Middle)

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

8/31/2010		
(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  	 	 	 	  	 	 	 	21769  	D  	
 	
Common Stock  	 	 	 	  	 	 	 	1250.6126  	D   (1)	
 	
Common Stock  	 	 	 	  	 	 	 	44850  	D   (2)	

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   (3)	  (3)	 	 	   	  	  	  	  (3)	  (3)	Common Stock  	2210.9898  	 	2210.9898  	D  	
 	
Phantom Stock Units   (4)	  (4)	8/31/2010  	 	A  	  	1573.3749   	  	  (4)	  (4)	Common Stock  	1573.3749  	$22.51  	21738.622  	D  	
 	
Phantom Stock Units   (4)	  (4)	8/31/2010  	 	F  	  	  	22.8139   	  (4)	  (4)	Common Stock  	22.8139  	$22.51  	21715.8081  	D  	
 	
Option   (5)	$68.87  	 	 	   	  	  	  	7/27/2004  	7/27/2011  	Common Stock  	5441  	 	5441  	D  	
 	
Option   (5)	$64.57  	 	 	   	  	  	  	11/13/2004  	11/13/2011  	Common Stock  	2500  	 	2500  	D  	
 	
Option   (5)	$54.28  	 	 	   	  	  	  	2/11/2006  	2/11/2013  	Common Stock  	1452  	 	1452  	D  	
 	
Option   (5)	$73.19  	 	 	   	  	  	  	2/10/2007  	2/10/2014  	Common Stock  	10000  	 	10000  	D  	
 	
Option   (6)	$73.14  	 	 	   	  	  	  	2/8/2008  	2/8/2015  	Common Stock  	40000  	 	40000  	D  	
 	
Option   (6)	$71.03  	 	 	   	  	  	  	2/14/2009  	2/14/2016  	Common Stock  	45000  	 	45000  	D  	
 	
Option   (6)	$85.06  	 	 	   	  	  	  	2/13/2010  	2/13/2017  	Common Stock  	42000  	 	42000  	D  	
 	
Option   (6)	$64.58  	 	 	   	  	  	  	2/12/2011  	2/12/2018  	Common Stock  	115000  	 	115000  	D  	
 	
Option   (6)	$29.54  	 	 	   	  	  	  	12/31/2011  	12/31/2018  	Common Stock  	100000  	 	100000  	D  	
 	
Option   (6)	$9.06  	 	 	   	  	  	  	2/10/2012  	2/12/2019  	Common Stock  	250000  	 	250000  	D  	

Explanation of Responses:	
(  1) 	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.	
(  2) 	Restricted stock granted under SunTrust Banks, Inc. 2004 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 27,600 shares which vest on 02/10/2012.	
(  3) 	The phantom stock units were acquired under SunTrust Banks, Inc.'s 401(k) excess benefit plan. These securities convert to common stock on a one-for-one basis.	
(  4) 	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.	
(  5) 	Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.	
(  6) 	Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Chancy Mark A
303 PEACHTREE STREET
ATLANTA, GA 30308			Corp. EVP and CFO		

Signatures		
David A. Wisniewski, Attorney-in-Fact for Mark A. Chancy		9/2/2010	
** 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).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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