SunTrust Banks Inc. and its merger partner BB&T Corp. on Tuesday announced a three-year, $60 billion plan to invest in their communities, focusing on affordable housing, small business and financial wellness. The “Truist Bank Community Benefits Plan” is to include these components: $31 billion for home purchase mortgage loans to low- and moderate-income borrowers, low- and moderate-income areas, minority borrowers and/or majority-minority areas. $7.8 billion for lending to small businesses and…
from https://www.bizjournals.com/baltimore/news/2019/07/17/suntrust-bb-t-announce-60-billion-community.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/186351522577
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