• New mortgage and small business lending is ahead of target, increasing housing availability, stability and allowing local businesses to reopen, strengthen the region's economic recovery following Hurricane Helene devastation
• Truist Foundation's recovery and resiliency fund enters final phase of grant deployment, on track to disburse all funds by two-year anniversary of Helene's impact

CHARLOTTE, N.C., Aug. 27, 2026 /PRNewswire/ -- As global leaders gather in Asheville, North Carolina, Truist Financial Corporation (NYSE: TFC) and Truist Foundation announce they have surpassed the halfway point of the $725 million Truist Cares for Western North Carolina commitment established following Hurricane Helene. The multiyear initiative supports the region's long-term recovery through dedicated lending for small businesses, commercial real estate development and home mortgages, along with philanthropic grants supporting housing, small business recovery and community resilience.

"The progress in Western North Carolina demonstrates what's possible when business, philanthropy and community partners work together toward a common goal," said Truist Chairman and CEO Bill Rogers. "Surpassing the halfway mark of the $725 million commitment demonstrates how Truist and Truist Foundation are putting purpose into action to support impacted families, small businesses and communities. While there is more work ahead, we're encouraged by the progress made and remain committed to the region's long-term recovery and resilience."

The Truist Foundation Western North Carolina Recovery and Resiliency Fund, managed in partnership with Center for Disaster Philanthropy, has completed four rounds of grantmaking and is entering its final phase of deployment. The fund is on track to disburse all available grant funding by the second anniversary of Hurricane Helene. Grantmaking has been informed by an assessment of local needs and ongoing engagement with nonprofit organizations, community leaders and other recovery partners.

Truist small business, commercial real estate and home mortgage lending progress is ahead of the initiative's target to date:

• Small business: Dedicated lending helps qualified local businesses access capital as they rebuild and reopen. Truist and Truist Foundation have also worked with community partners to create financing programs, referral pathways and technical assistance resources designed to reach businesses across the region, including entrepreneurs in rural communities and industries critical to the local economy.
• Commercial real estate: Financing supports commercial real estate activity across Western North Carolina, including multifamily housing projects that can help address the region's ongoing housing needs by preserving existing housing and advancing new affordable housing development.
• Home mortgage: Dedicated mortgage lending helps residents finance homes across Western North Carolina. The program supports broader housing recovery efforts and ongoing investment in communities throughout the region.

Truist teammates have shown up alongside communities with hands-on service—contributing more than 5,000 hours of volunteer support and strengthening dozens of community organizations. Together, these efforts reflect a simple belief: Communities don't recover on a timeline. Meaningful recovery requires partners willing to stay engaged long after the headlines fade.

Truist Cares for Western North Carolina was announced in November 2024 to support small business, housing and infrastructure recovery following Hurricane Helene. The initiative combines dedicated lending, impact capital, philanthropic support and teammate volunteer engagement as communities transition from immediate relief to long-term recovery and resilience.

To learn more about Truist Cares for Western North Carolina, visit Truist.com/truistcares.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

About Truist Foundation

Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the foundation's leading initiatives, the Inspire Awards and Where It Starts. Learn more at TruistFoundation.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-relief-to-recovery-truist-and-truist-foundation-surpass-halfway-point-of-725-million-truist-cares-for-western-north-carolina-commitment-302861387.html

SOURCE Truist Financial Corporation