SunTrust Promotes Financial Well-Being Through Volunteerism, Donations
ATLANTA, Jan. 21, 2014 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI), The SunTrust Foundation and SunTrust teammates donated $26.4 million and contributed 170,000 volunteer hours in 2013 to support communities across the Southeast and Mid-Atlantic states. The efforts reflect the company's ongoing commitment to advance financial well-being.
"We believe that when we build our communities, we build our bank," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. "As a purpose-driven company, we are constantly seeking to make a difference, and one of the most meaningful ways we can do this is through the time and money we give back to our communities."
Throughout 2013, The SunTrust Foundation provided significant financial support to various organizations, including educational institutions, local United Way chapters, Operation HOPE, Junior Achievement and the American Red Cross. The SunTrust Foundation donations totaled $12 million. SunTrust Banks, Inc. donated $1.2 million and corporate sponsorships totaled $7 million. The company also experienced record-level teammate commitments in the amount of $6.2 million during its annual United Way campaign.
SunTrust's 170,000 teammate volunteer hours were dedicated to a number of non-profit organizations, with significant efforts at Junior Achievement, Boy Scouts of America, United Way and Habitat for Humanity.
The company will continue its commitment to giving and volunteerism in 2014. This year, SunTrust's "Shine On" volunteer program will provide all full-time teammates with eight hours of paid volunteer time, in addition to a "Day of Purpose" they can use to promote financial well-being.
About SunTrust Banks, Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2013, SunTrust had total assets of $175.3 billion and total deposits of $129.8 billion. Through its flagship subsidiary, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is suntrust.com.
SOURCE SunTrust Banks, Inc.