February 08 2016
SunTrust to Donate a Dollar to Operation HOPE for Every New
Commitment of up to $250,000 by SunTrust Banks, Inc. will help support financial empowerment programs and services for youth and adults in communities throughout the nation
ATLANTA, Feb. 8, 2016 /PRNewswire-USNewswire/ -- Financial dignity nonprofit Operation HOPE announced today a pledge from SunTrust Banks, Inc. (NYSE: STI) to donate up to $250,000 to help Americans gain control of their finances through a new free online movement –onUp. For each person that joins through onUp.com, $1 will be donated to support HOPE's mission of economic empowerment.
"We commend SunTrust for raising awareness of financial stress in America, and doing something positive about it," Operation HOPE Founder, Chairman, and CEO John Hope Bryant said. "This issue affects people of all income levels, and everyone can take action to better manage their finances. We are pleased that the initial sign-ups - up to a quarter million - will benefit the programs of Operation HOPE, where we work to advance financial literacy every day."
At onUp.com, people who want to build financial confidence can join the movement, gain access to information and resources, and learn smart steps to overcoming financial stress and transforming their lives.
"Our company purpose is Lighting the Way to Financial Well-Being," SunTrust Chairman and CEO William H. Rogers, Jr. said. "That is why we launched the onUp movement to encourage Americans to build financial confidence. We are also pleased to support Operation HOPE's mission to empower communities through financial literacy."
Operation HOPE and SunTrust have a long-standing partnership to deliver tools that enhance financial well-being in the communities they serve. SunTrust is a sponsor of HOPE Inside locations, which provide a range of credit counseling, financial literacy, and small business development education services at no cost to participants.
About Operation HOPE, Inc.
Since 1992, Operation HOPE has been moving America from civil rights to "Silver Rights" with the mission of making free enterprise and capitalism work for the underserved. Through its core programs, the social investment banking nonprofit has provided financial dignity and economic empowerment to over 2.6 million individuals worldwide, and$2 billion in economic activity for the disenfranchised-turning check cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners and minimum wage workers into living wage consumers. Project 5117 is HOPE's multi-year four-pronged approach to combating economic inequality that aims to improve financial literacy, increase business role models and business internships for youth, and stabilize the American dream by boosting credit scores.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. is a purpose-driven company dedicated to lighting the way to financial wellbeing for the people, businesses and communities it serves. Headquartered in Atlanta, the company has three business segments: Wholesale Banking, Consumer Banking and Private Wealth Management, and Mortgage. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate and institutional clients nationally. As of December 31, 2015, SunTrust had total assets of $191 billion and total deposits of $150 billion. The company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at onUp.com.