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July 16 2014

Memphis Mayor AC Wharton, Jr. Adds Shine to the SunTrust Bank HOPE Inside Celebration

LOS ANGELES – July 17, 2014 – Mayor AC Wharton, Jr. will join Operation HOPE Founder and CEO John Hope Bryant and SunTrust Bank Memphis Region President and CEO, Johnny B. Moore, Jr. for a celebration of the HOPE Inside at Memphis on July 22.

“Operation HOPE is a global leader for financial dignity, but more importantly, has proven to be effective in advancing financial literacy at the local level. By funding counselors within our branches, we have a significant opportunity to help people understand their options and make better-informed financial decisions when faced with a variety of life’s circumstances,” said SunTrust Chairman & CEO, Bill Rogers.

Last year, SunTrust Banks, Inc. and financial dignity nonprofit Operation HOPE, teamed up to teach financial literacy in underserved and low-income communities, by placing Operation HOPE trained financial counselors in select branches in Atlanta, Memphis and Washington, D.C as part of the Project 5117, HOPE Inside program.

The HOPE Inside is part of Bryant’s vision to provide a wide range of free counseling services to help the underserved get out of debt, improve their credit scores, understand their financial options, and ultimately, reach their financial goals.

“I see this as a national prosperity and wealth-creation program to boost money literacy, savvy investment, youth entrepreneurship, and access through 1000 bank-based financial centers -- we call them HOPE Inside locations -- where people can go for confidential and free one-on-one counseling in personal credit score management, budgeting, responsible banking and borrowing, and small business development,” says Bryant. “We are pleased to see the SunTrust HOPE Inside at Memphis off to such a great start.”

SunTrust Banks, Inc. (NYSE: STI), headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. SunTrust operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. Visit www.suntrust.com for more info.

For more than 22 years, HOPE, a global nonprofit focused on financial dignity, has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities. It has recruited a growing army of 20,000 HOPE Corps volunteers, and helped raise average credit scores for financial case management clients more than 120 points over an average 18-month period. It currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco and most recently, the United Arab Emirates. Currently HOPE is focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities, as a part of its “silver rights” mission to make free enterprise work for everyone.

For additional information, or to RSVP contact LeVeda McCou at leveda.mccou@operationhope.org 

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