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)

3/15/2011
(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                  151305.65   D  
 
Common Stock                  12267   I   Spouse  
Common Stock                  1691.8121   D   (1)
 
Common Stock                  112913   D   (2)
 
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   (3)   (3)                    (3)   (3) Common Stock   7900.1177     7900.1177   D  
 
Phantom Stock Units   (4)   (4)                    (4)   (4) Common Stock   115121.689     115121.689   D  
 
Phantom Stock Units   (5)   (5) 3/15/2011     A      4385.1929         (5)   (5) Common Stock   4385.1929   $28.41   20347.0365   D  
 
Phantom Stock Units   (5)   (5) 3/15/2011     D         63.5854      (5)   (5) Common Stock   63.5854   $28.41   20283.4511   D  
 
Option   (6) $64.57                    12/31/2001   11/13/2011   Common Stock   15000     15000   D  
 
Option   (6) $64.57                    11/13/2004   11/13/2011   Common Stock   60000     60000   D  
 
Option   (6) $54.28                    2/11/2006   2/11/2013   Common Stock   100000     100000   D  
 
Option   (6) $73.19                    2/10/2007   2/10/2014   Common Stock   100000     100000   D  
 
Option   (7) $73.14                    2/8/2008   2/8/2015   Common Stock   60000     60000   D  
 
Option   (7) $71.03                    2/14/2009   2/14/2016   Common Stock   100000     100000   D  
 
Option   (7) $85.06                    2/13/2010   2/13/2017   Common Stock   163000     163000   D  
 
Option   (7) $64.58                    2/12/2011   2/12/2018   Common Stock   250000     250000   D  
 
Option   (7) $9.06                    2/10/2012   2/10/2019   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 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.
( 3)  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.
( 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)  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.
( 6)  Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
( 7)  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 3/17/2011
** 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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