SunTrust 2014 Annual Report Download - page 15

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Supporting Economic Growth
We also provide day-to-day support to members of our community through our lines
of business, ensuring a strong foundation that everyone can continue to build upon.
• In 2014, we originated and purchased $13.2 billion in mortgages to
help approximately 58,000 clients purchase, refinance or improve their
homes. Of these, 45% were low- or moderate-income borrowers or
homes in low- or moderate-income communities.
• We also provided $2.4 billion in loans and investments
supporting affordable housing, economic development
and job growth, community services and the revitalization
and stabilization of targeted areas in our communities.
• SunTrust funded more than $253 million in
Small Business Administration (SBA) 7(a) loans,
positioning us as one of the top 15 SBA lenders
nationwide.
• We promoted additional opportunities community-
wide by providing $1.9 billion in small business
and non-profit loans with a community
development purpose.
• Disaster relief grants in partnership with American Red Cross
• A signature donor to United Way Worldwide and a United Way Global Corporate Leaders
Group designation
• A $9.2 million combined corporate and teammate donation to United Way in 2014
• A Teammate Matching Gifts program of approximately $1 million annually
• A Financial Well-Being Opportunity Fund to accept nominations from teammates
for the funding of financial well-being initiatives for 501(c)3 organizations
SunTrust Foundation
2014 Annual Report
13