Meeting community needs
The Community Reinvestment Act (CRA) was enacted in 1977 to encourage banks to help meet the credit needs of the communities in which they operate. BB&T has always been committed to meeting the credit needs of the communities we serve, seeking investment and charitable contribution opportunities and connecting with individuals and organizations in our communities through service activities and outreach programs.
Community development lending
Our community development lending (CDL) performance exhibits our commitment to meeting the credit needs of the communities we serve.
Community investments
BB&T works diligently with government agencies, tax-credit syndicates and nonprofits to seek investment and charitable contribution opportunities. Our corporate investments include Low-Income Housing Tax Credits (LIHTC), Historic Tax Credits (HTC), Small Business Investment Companies (SBIC), bonds and several other offerings. The majority of our investments support affordable, multifamily rental projects.
BB&T CDL totals
| Year | Amount |
|---|---|
| 2018 | $1.7 billion |
| 2017 | $2.2 billion |
| 2016 | $2.0 billion |
BB&T CRA investment totals
| Year | Amount |
|---|---|
| 2018 | $675 million |
| 2017 | $665 million |
| 2016 | $608 million |
Community development services
BB&T identifies and executes on corporate-level community development service initiatives to connect with individuals and organizations in our communities. The Community Reinvestment Act Service Manager works directly with the Community Development Manager and Specialists to execute on impactful service activities and outreach programs within the BB&T footprint in targeted areas, including: capacity building, financial education, asset building, micro/small business assistance and community development finance.
BB&T associates provide leadership to our communities in a number of ways, none more impactful than as members of more than 1,200 nonprofit boards and committees. In addition, associates provided qualified community development services to teach homeownership education, credit management, basic banking information and money/savings management. These services are offered to the low- to moderate-income community through partnerships with the many local governments and nonprofit organizations within the BB&T footprint.
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Related information
Community Development Councils
Community Development Councils bring greater interaction between community professionals and BB&T to provide a forum for community input and to discuss community needs.
Who We Are
BB&T is a values-driven company with a long history of helping clients achieve economic success and financial security. Learn more about our culture, focus on leadership and commitment to diversity.
Truist Bank, Member FDIC and an Equal Housing Lender.
Loans, lines of credit and credit cards are subject to credit approval.
New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at www.nyc.gov/dca.
Branch Banking and Trust Company is now Truist Bank. Learn more.
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.