Travis Rhodes on COVID-19 pandemic
From BB&T CEO Travis Rhodes Interview · · LV EDC
“The payroll protection program was rolled out and the banks really rallied around their clients, working 18-hour days to help them get these PPP loans. We were the fourth largest producer of PPP loans in the nation, helping over 2,500 companies with more than $700 million in our region alone.”
On , Travis Rhodes, Regional President of Pennsylvania & New Jersey at Truist Financial, spoke about COVID-19 pandemic during BB&T CEO Travis Rhodes Interview on LV EDC.
About Travis Rhodes
Travis Rhodes, Regional President of Pennsylvania & New Jersey at Truist Financial, has discussed the bank's role during the COVID-19 pandemic. He stated that the bank was the fourth largest producer of Paycheck Protection Program loans in the nation, helping over 2,500 companies with more than $700 million in his region alone. Rhodes said the bank invested over $50 million in direct COVID relief, including employee bonuses and free childcare, and that in the Lehigh Valley it invested close to half a million dollars into food banks, literacy programs, and technology access. Rhodes has also spoken about the 2019 merger between BB&T and SunTrust that created Truist, describing it as complementary and increasing the bank's ability to serve clients in a strategic advisory capacity. He emphasized the bank's commitment to a local, community-based model with 24 separate regions, each with a regional president, to maintain a small, local feel while delivering the power of a large bank. Rhodes described the bank's philosophy as "T3," which he said marries personal touch with technology to build trust with clients.