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SunTrust Highlights Accomplishments in 2018 Corporate Responsibility Report

06/27/2019

ATLANTA, June 27, 2019 /PRNewswire/ -- Today, SunTrust Banks, Inc. (NYSE: STI) released its 2018 Corporate Responsibility report, highlighting the company's ongoing commitment to corporate responsibility and sustainability efforts while underscoring its focus on inclusive, ethical business practices.

SunTrust logo. (PRNewsFoto/SunTrust Banks, Inc.) (PRNewsfoto/SunTrust Banks, Inc.)

"SunTrust teammates work tirelessly to advance financial confidence and enrich our communities, and I'm honored to showcase the work they do to make SunTrust a truly purpose-driven bank," said Bill Rogers, SunTrust Chairman and CEO. "We have always been committed to being a responsible, sustainable business, and I appreciate the opportunity to share our progress."

Report highlights include:

  • $19.5 million in giving from the SunTrust Foundation and 203,000 hours of volunteer service by SunTrust teammates;
  • $606 million in funding for Affordable Housing Loans, $652 million for Community Service Loans, and $688 million for Economic Development Loans all aimed at driving community enhancements;
  • The success of the Momentum onUp financial wellness program, with more than 150 client companies offering it to their employees and SunTrust investing $18 million back into its teammates' savings accounts for completion;  
  • $156 million invested with minority- and women-owned businesses;
  • More than 4,000 teammates participated in the inaugural Day of Understanding diversity and inclusion event;
  • $6 billion in transactions to support clean energy projects and programs and $1 billion in direct lending to clean energy projects since 2013; and
  • The planting of more than 2,500 acres of trees through LightStream's initiative to plant a tree for every funded loan.

For a comprehensive list of SunTrust's corporate responsibility performance, please view the full SunTrust Corporate Responsibility Report. 

About SunTrust Banks, Inc.
SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of March 31, 2019, SunTrust had total assets of $220 billion and total deposits of $162 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.

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SOURCE SunTrust Banks, Inc.

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