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 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * HILL C T   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. Executive Vice President (Last) (First) (Middle) 919 EAST MAIN STREET 3. Date of Earliest Transaction (Month/Day/Year) 03/15/2011 (Street) RICHMOND, VA 23219 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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               37,459 D   Common Stock               20,638.4514 D (1)   Common Stock               49,770 D (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		7. Title and Amount of Underlying Securities (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	2,313.485		2,313.485	D
Phantom Stock Units (4)	(4)							(4)	(4)	Common Stock	460.7336		460.7336	D
Phantom Stock Units (5)	(5)							(5)	(5)	Common Stock	21,661.1916		21,661.1916	D
Phantom Stock Units (6)	(6)	03/15/2011		A		828.6403		(6)	(6)	Common Stock	828.6403	$ 28.41	3,798.2778	D
Phantom Stock Units (6)	(6)	03/15/2011		D			12.0151	(6)	(6)	Common Stock	12.0151	$ 28.41	3,786.2627	D
Option (7)	$ 64.57							11/13/2004	11/13/2011	Common Stock	15,000		15,000	D
Option (7)	$ 54.28							02/11/2006	02/11/2013	Common Stock	15,000		15,000	D
Option (7)	$ 73.19							02/10/2007	02/10/2014	Common Stock	18,000		18,000	D
Option (8)	$ 73.14							02/08/2008	02/08/2015	Common Stock	18,000		18,000	D
Option (8)	$ 71.03							02/14/2009	02/08/2016	Common Stock	20,000		20,000	D
Option (8)	$ 85.06							02/13/2010	02/13/2017	Common Stock	19,000		19,000	D
Option (8)	$ 64.58							02/12/2011	02/12/2018	Common Stock	34,500		34,500	D
Option (8)	$ 29.54							12/31/2011	12/31/2018	Common Stock	50,000		50,000	D
Option (8)	$ 9.06							02/10/2012	02/12/2019	Common Stock	186,128		186,128	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HILL C T 919 EAST MAIN STREET RICHMOND, VA 23219			Corp. Executive Vice President

Signatures

David A. Wisniewski, Attorney-in-Fact for C.T. Hill		03/17/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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 held under SunTrust Banks, Inc. 2004 Stock Plan and the 2009 Stock Plan. Subject to certain vesting conditions. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. All plans are exempt under Rule 16(b)-3. Includes 5,000 shares which vest on 10/31/2011 and 25,400 shares which vest on 02/10/2012 and 19,370 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)	The reported phantom stock units were acquired under Crestar Bank's ANEX plan. These securities 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 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.

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