BB&T Corp. says it plans to double its philanthropic giving over the next three years. This comes in advance of a company merger with SunTrust Banks Inc.
BB&T has pledged $17.4 million toward assisting nonprofit organizations in a 14-county region throughout North Carolina.
There had been questions about the company's continued philanthropic presence in the Triad since the merger with SunTrust was announced in February.
While the combined bank will move its headquarters to Charlotte, Winston-Salem will still be the home of the community-banking division.
According to a press release, BB&T has cited three grant awards that will be typical of the expanded giving.
Officials say $750,000 has been earmarked for Habitat For Humanity of Forsyth County's BB&T Challenge Initiative.
Also receiving gifts will be The Piedmont Land Conservancy and Bennett College in Greensboro.
BB&T Triad president Cantey Alexander says the company remains committed to being a “fabric of the community,” with the expectation that new jobs will be added in Winston-Salem as the corporation grows.
300x250 Ad
300x250 Ad