WINSTON-SALEM, N.C.,
June 5, 2019 /PRNewswire/
-- BB&T Corporation (NYSE: BBT) today announced a
significant community commitment by pledging $17.4 million in philanthropic giving for
Winston-Salem and the Piedmont
Triad between 2019 - 2021, doubling its annual investment made to
the region in the prior three-year period.
The bank will fulfill its commitment over the next three years
by funding and partnering with non-profit, community organizations
that are making a meaningful and measurable difference throughout
the Piedmont Triad, specifically in the areas of affordable
housing, workforce and economic development, financial wellness,
health and human services, and access to the arts.
"Our growth has been fueled by the support of this region, so we
believe in strongly supporting this region in return," said
BB&T Triad Regional President J. Cantey
Alexander. "When we announced our planned merger with
SunTrust earlier this year, we also pledged to increase our giving
and investments. Today's announcement solidifies that pledge with a
substantial commitment amount that carries tremendous power to
positively impact people's lives and make our community a better
place to live."
BB&T's $17.4 million
commitment builds on several significant philanthropic investments
made recently to non-profit organizations serving the Piedmont
Triad, including:
- $750,000 for Habitat for Humanity
of Forsyth County's BB&T
Challenge Initiative, a commitment providing $25,000 per Habitat house over the next three
years, for a total of 30 houses. This is the largest gift ever
received in the 31-year history of Habitat Forsyth.
- $250,000 for the Piedmont Land
Conservatory to preserve natural and scenic lands, farms and open
spaces in Piedmont North Carolina,
enriching the quality of life for future generations.
- $200,000 for Bennett College to support its mission of
preparing women of color through a transformative liberal arts
education to lead with purpose, integrity, and a strong sense of
self-worth.
About BB&T
BB&T is one of the largest
financial services holding companies in the U.S. with $227.7 billion in assets and market
capitalization of approximately $35.6
billion as of March 31, 2019.
Building on a long tradition of excellence in community banking,
BB&T offers a wide range of financial services including retail
and commercial banking, investments, insurance, wealth management,
asset management, mortgage, corporate banking, capital markets and
specialized lending. Based in Winston-Salem, N.C., BB&T operates more
than 1,800 financial centers in 15 states and Washington, D.C. and is consistently
recognized for outstanding client service by Greenwich Associates
for small business and middle market banking. More information
about BB&T and its full line of products and services is
available at BBT.com.
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SOURCE BB&T Corporation