$60 Billion Community Benefits Plan
- $60 Billion Community Benefits Plan
Good News for Low to Moderate Income
Borrowers and Communities
REACH signs on as part of a $60 Billion Community Benefits Plan that is part of the BBT & SunTrust merger plan to crate Truist Bank. The new bank
will lend or invest $60 billion in low to moderate income borrowers and communities between 2020 and 2022. Go here to read the full press release.
Members of the National Community Reinvestment Coalition join BB&T Chairman & CEO Kelly King and SunTrust Chairman & CEO Bill Rogers to announce a $60 billion community benefit plan, reflecting BB&T’s and SunTrust’s continued commitment to supporting investment in their communities.
BB&T Corporation and SunTrust Banks, Inc. today announced a Truist Bank 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.