CHARLOTTE, N.C., March 6, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced donations of $225,000 to support communities impacted by the tornadoes in Middle Tennessee.
The Truist Foundation will donate $100,000 to the American Red Cross to aid first responders as they provide relief to people who have lost their homes and need food and shelter. Through the Truist Charitable Fund, the company will donate $75,000 to The Community Foundation of Middle Tennessee to address ongoing needs and $50,000 to the Cookeville Putnam County Tornado Relief Fund, which will give 100% of donations directly to people who need support.
"Truist has deep roots in the Middle Tennessee region, and we are committed to assisting the recovery and rebuilding efforts in the days ahead," said Truist Chairman and Chief Executive Officer Kelly S. King. "Several of our leaders had a chance to visit with our teammates in Cookeville earlier this week and see some of the devastation firsthand. The need is great, and we are dedicated to helping these communities recover."
"Our teammates from all across the Nashville area are coming together to support each other, their neighbors and our clients during this difficult time," said Midwest Tennessee Truist Region President Johnny Moore. "We will continue to assess the aftermath of the tornadoes to ensure our Cookeville-area teammates and communities are well-supported in this time of need," commented East Tennessee Truist Region President Christian Corts.
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 serves approximately 10 million households with 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 $473 billion as of December 31, 2019. Truist Bank, Member FDIC. Learn more at Truist.com.
About Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation's grants and activities focus on leadership development, economic mobility, thriving communities and educational equity. Learn more at www.truist.com/truist-foundation.
SOURCE Truist Financial Corporation