Truist Financial Corp. (NYSE: TFC), the new Charlotte-based bank formed by the $66 billion merger of BB&T Corp. and SunTrust Banks Inc., has committed to a $1 million donation across five years to the Smithsonian National Museum of African American History and Culture.
The donation gives Truist membership in the museum’s Corporate Leadership Council. Other members of the council include Ally Financial, American Express, PNC, U.S. Bank, Salesforce and Walmart.
Just last month, Walmart made a $5 million donation to the museum after initially contributing $5 million in 2010 toward the museum’s construction. Last summer, PNC Bank announced a $1 million donation to the museum, just weeks after Minneapolis-based U.S. Bank did the same.
“Our collaboration with the museum fits perfectly with our company’s purpose to inspire and build better lives and communities,” Truist chairman and CEO Kelly King said in a statement.
The D.C. area is one of Truist’s biggest markets.
More than 7 million visitors have made their way through the NMAAHC since its opening in 2016.
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