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American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan

American Banker, Nov. 9, 2017: Acquisitive Iberiabank in La. creates $6.7B community investment plan

The $22 billion-asset company, which has been an aggressive acquirer in recent months, said in a press release last week that it had worked with the National Community Reinvestment Coalition on the five-year plan.

Starting next year, Iberiabank will increase its focus on mortgages and small business lending, community development, philanthropy and improving access to financial services in low- and moderate-income communities. The plan will focus on the eight states where Iberiabank operates, including Arkansas, Florida, Louisiana, Tennessee and Texas.

Source:American Banker

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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