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Truist Foundation announced a $2.25 million commitment to Community First Fund, a nonprofit Community Development Financial Institution (CDFI) dedicated to aligning capital with social justice. The grant will help launch Community First Fund's Economic Justice Fund (EJFund) that will support lending activities to minority entrepreneurs, with an emphasis on Black and Latine small business owners, across Community First Fund's service footprint in eastern and central Pennsylvania, including in the Greater Philadelphia region.
As a critical component of the $60 billion Community Benefits Plan (CBP) announced in July 2019, Truist committed to developing and implementing lending, investment and service strategies to meet historically underserved and rural communities' unique needs.
Truist Wealth has expanded its digital investment offerings with Truist Invest, a robo advisor, and Truist Invest Pro, a hybrid investing solution that combines automated investing with access to a team of financial advisors.