Truist Financial gives $40M to launch fund supporting underserved areas


Truist Financial Corp. is donating $40 million to launch a nonprofit fund that supports undeserved communities.

CornerSquare Community Capital is a new national fund that will work with community development financial institutions, or CDFIs, to help minority-and women-owned businesses. The businesses – which include small enterprise and microbusinesses- are in low-to moderate-income areas, primarily in the Southeast. Read more.

This article appeared in Charlotte Business Journal.