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American Banker: Why Truist is working on a new community investment pledge

American Banker, March 23, 2022, Why Truist is working on a new community investment pledge

NCRC has been encouraging banks to renew their community benefit agreements “whether they are merging or not,” the group’s CEO, Jesse Van Tol, said in an email.

“Several of our bank partners — including Truist — have proactively approached us to update their commitments,” Van Tol said. “They see it as a valuable framework to measure their progress in serving the community, including their efforts towards racial equity.”

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