Truist Financial Corporation has unveiled a significant effort to assist residents, businesses, and local governments impacted by Hurricane Helene in North Carolina. The Charlotte-based bank has committed to providing over $650 million in loans, grants, and investments over the next three years to support the recovery and rebuilding process.
The initiative includes $340 million in lending earmarked for small businesses, home mortgages, and commercial real estate. Additionally, Truist will offer $310 million in low-cost, tax-exempt loans to municipalities for infrastructure projects. The Truist Community Capital subsidiary will contribute $50 million in loans or investments, while the Truist Foundation will provide $25 million in charitable grants.
