CHARLOTTE, N.C. (AP) — Truist Financial Corporation has announced that it is making hundreds of millions of dollars in loans available to residents,
CHARLOTTE, N.C. — Truist Financial Corporation has announced that it is making hundreds of millions of dollars in loans available to residents, businesses and local governments affected by Hurricane Helene in North Carolina.
Meanwhile, state legislators have approved hundreds of millions of dollars in aid for Helene relief and recovery, while the governor’s office says more is needed. Disaster recovery can take years, as evidenced by ongoing needs from hurricanes that affected the eastern part of the state years ago. Meanwhile, another $50 million in loans or investments will come from its Truist Community Capital subsidiary and $25 million in charitable grants will come from the Truist Foundation.“Through this new initiative, Truist will address areas of critical need in Western North Carolina, including a focus on small businesses as well as housing and infrastructure projects,” Truist Chairman and CEO Bill Rogers said in a news release.
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