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Truist’s Tier2 program further enhances the value that diverse suppliers can bring to our supply chain when direct sourcing with these vendors is not an option. Truist strongly encourages its strategic suppliers to subcontract with qualified certified diverse suppliers in the performance of their primary contractual obligations. |
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About Truist
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. With 275 years of combined history serving clients and communities in high-growth markets, Truist is the sixth largest U.S. bank holding company.
Tier II Program Reporting Requirements
Truist requires that suppliers who participate in the 2nd Tier Program submit performance reports detailing purchasing data covering spend with the following supplier classifications:
- Minority-owned business (MBE)
- Women-owned business (WBE)
- Veteran-owned Business Enterprises (VET)
- Service-Disabled Veteran-owned Business Enterprise (SDVET)
- Lesbian, Gay, Bisexual and Trans-owned Business Enterprise (LGBT)
- Disability-owned Business Enterprise (DISABLED)
- Historically underutilized zones (HUBZone)
- Small Business (SMALL)
- Historically Black Colleges and Universities (HBCU)
- Disadvantaged Business Enterprises (DBE)
- Women Owned Small Business (WOSB)
- Small Business Association Business Development Program (SBA-8A)
Reporting Frequency
Reports must be submitted quarterly on the following dates:
- Quarter 1 (January 1 - March 31):
- Period opens April 1st
- Reports due by May 15th
- Quarter 2 (April 1 - June 30):
- Period opens July 1st
- Reports due by Aug 15th
- Quarter 3 (July 1 - September 30):
- Period opens October 1st
- Reports due by Nov 15th
- Quarter 4 (October 1 - December 31):
- Period opens January 1st
- Reports due by Feb 15th
*Please access your UniTier account to learn of any changes made to your customer's reporting due dates
Questions about reporting requirements? CONTACT US
