SunTrust Community Development

We believe a strong community is the foundation for the lives of all who live and work in it—and SunTrust has a vital role to play in strengthening that foundation.

That's why a core element of the SunTrust purpose involves actively supporting the developmental goals and civic initiatives of the communities we serve. In recent years we’ve provided extensive financial support for building communities through lending, investments and corporate contributions.

Here are some examples of our community development impact:

Helping people and businesses
SunTrust annually makes tens of thousands of loans, totaling billions of dollars, to low- or moderate-income families and in low- and moderate-income communities to purchase or rehabilitate their homes, and to small businesses that help drive local economies.

Support for affordable housing
Through its subsidiary, SunTrust Community Capital, SunTrust Bank has helped finance more than 40,000 units of affordable housing for seniors and others throughout the community.

Targeted economic development
In addition to supporting the general economic health of the cities and towns where we live and work, SunTrust also supports targeted economic growth in low- and moderate-income communities. We have made millions of dollars in below-market-rate loans and equity investments via our New Markets Tax Credit Program, and we make grants to local and regional organizations that provide affordable housing and promote small business development.

SunTrust is deeply committed to the continued support of our communities through lending, investments and services.

Learn about our commitment to fair and responsible banking.

To speak to a SunTrust representative call 800.SUNTRUST

BB&T and SunTrust have announced a Truist Community Benefits Plan under which the combined company will lend or invest $60 billion to low-and-moderate income (LMI) borrowers and in LMI communities over a three-year period from 2020 to 2022. The plan is a concrete example of the commitment of Truist, the combined company to be created through our proposed merger of equals.

View Press Release (PDF)Link opens a new window View Infographic (PDF)Link opens a new window
 

For additional questions or inquiries about the plan, we invite you to reach out to either of our teams at BB&T or SunTrust.