Online Exclusive--Proxy Would Have SunTrust Add Minorities to Board

Two shareholders of SunTrust Banks Inc. have drafted a proposal seeking more minority representation on the $95.4 billion-asset company's board of directors.

Charles and Lois B. Edwards of Longboat Key, Fla., submitted a plan to be considered at the April 18 annual meeting. They say that to remain competitive the company must adopt a policy of seeking out women and minorities as directors.