The SunTrust Foundation announced it will commit $300,000 to various disaster relief and recovery efforts to support communities and businesses impacted by Hurricane Michael.

Immediately, the SunTrust Foundation is giving $200,000 to American Red Cross to aid first responders as they bring relief to people who've lost their homes and need food and shelter. An additional $100,000 will assist other organizations as ongoing needs are identified.

"The American Red Cross needs immediate support once again to aid our neighbors affected by Hurricane Michael so close on the heels of Hurricane Florence," said Stan Little, president of the SunTrust Foundation. "We will assess where additional funds can be most effective through grants to local nonprofits that will help ensure the well-being of those affected by the storm."

Established in 2008, the SunTrust Foundation supports American Red Cross disaster relief efforts and primarily focuses grants and activities on advancing financial education, financial counseling, career readiness and small business entrepreneurship, in addition to local community grants.

SunTrust Bank will also accept financial donations for American Red Cross relief efforts in all branches through Nov. 30, 2018.