WINSTON-SALEM, N.C.,
Dec. 7, 2020 /PRNewswire/ -- To
help celebrate its teammates' hard work and a collective commitment
to the Winston-Salem and Piedmont
Triad communities, today, on the one-year anniversary of the merger
of equals, Truist published its Winston-Salem Community Impact
Report. The report, which focuses on the key areas of education,
affordable housing, food security and access to capital, shares
some of the ways 55,000 Truist teammates brought the company's
purpose to life throughout a challenging year.
Most notably, Truist focused its 2020 efforts on a vigorous
response to the COVID-19 pandemic in support of its clients,
teammates and communities, and ongoing local investments in
community revitalization, including:
- Donating almost $4.8 million in
philanthropic giving to Winston-Salem and Piedmont Triad
communities1;
- Contributing $1.5 million in
direct support to Triad pandemic response efforts through its
Truist Cares initiative2;
- Providing more than $400 million
in Paycheck Protection Program loans to Triad small businesses,
protecting more than 50,000 local jobs; and
- Collaborating with nonprofits and government agencies to
develop, maintain or improve 263 affordable housing units through
community development loans and investments.
"Our local Triad teammates have a tremendous amount of pride in
our local communities and a shared commitment to helping them
thrive and prosper. And that's why I'm so proud of our teammates'
numerous accomplishments to serve our clients, support our fellow
teammates and provide critical assistance to our communities," said
Truist Triad Regional President Cantey
Alexander. "We look forward to building on our rich history
in the region, always standing for better and living out our value
of caring for our clients, teammates and communities."
Truist's commitment to standing for better also manifested in
its diligent work to address racial inequity in 2020. From a
national perspective, Truist contributed more than $78 million in grants to support social justice
initiatives, invest in historically Black colleges and universities
and empower historically underserved communities. View this
infographic to learn more about Truist's commitment to diversity,
equity and inclusion.
1Overall giving in the Winston-Salem and Greensboro MSAs as of
Sept. 30, 2020, including foundation,
donor-advised fund, and CRA, as well as the Triad regional
contributions made through the office of the regional
president
2Truist Cares is a
cooperative effort between Truist Financial Corporation; Truist
Foundation, Inc.; and Truist Charitable Fund to provide
communities, organizations and individuals disaster relief and
assistance during the COVID-19 crisis.
About Truist
Truist Financial Corporation is a
purpose-driven financial services company committed to inspire and
build better lives and communities. With 275 years of combined
BB&T and SunTrust history, Truist has leading market share in
many high-growth markets in the country. The company offers a wide
range of services including retail, small business and commercial
banking; asset management; capital markets; commercial real estate;
corporate and institutional banking; insurance; mortgage; payments;
specialized lending; and wealth management. Headquartered in
Charlotte, North Carolina, Truist
is the sixth-largest commercial bank in the U.S. with total assets
of $499 billion as of September 30, 2020. Truist Bank, Member FDIC.
Learn more at Truist.com.
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SOURCE Truist Financial Corporation