Community Benefits Agreement Archives

NCRC and New York Community Bancorp announce $28 billion community Benefits agreement to support communities of color, small businesses, and ongoing commitment to responsible multi-family lending

By NCRC / January 24, 2022 January 24, 2022 / Press Releases

New York Community Bancorp, Inc. (NYCB) and the National Community Reinvestment Coalition (NCRC) announced today the company’s commitment to provide $28 billion in loans, investments and other financial support to communities and people of color, low- and moderate-income (LMI) families and communities, and small businesses.

Huntington, NCRC announce $40 billion expanded community benefits plan

By NCRC / June 16, 2021 June 17, 2021 / Press Releases

Huntington Bancshares Inc. (Nasdaq: HBAN) and the National Community Reinvestment Coalition (NCRC) today announced a new $40 billion community benefits plan that will focus on affordable housing, small business loans and increased capital to low- and moderate-income communities, communities of color and communities that have been historically disadvantaged.

First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC

By NCRC / February 22, 2021 February 22, 2021 / Press Releases

First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.

California Reinvestment Coalition, National Community Reinvestment Coalition and CIT Announce $7.75 Billion Community Benefits Plan

By NCRC / November 1, 2019 December 5, 2019 / Press Releases

Lending and investments would total $7.75 billion over the 2020 to 2023 period and align with the combined retail branch footprint in Arizona, California, Colorado, Florida, Hawaii, Kansas, Nebraska, Nevada and Texas.

NCRC’s Community Benefits Agreement Is Helping LHOME Bring Fair Lending to Louisville

By Rachel Zeeve / October 31, 2019 October 31, 2019 / Field Notes

Becoming a Community Development Financial Institution (CDFI) has allowed the Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc. (LHOME), a NCRC member organization, to provide affordable housing and facilitate small business startups in low- to moderate-income (LMI) areas of the city.

Photo of empty pink chairs around a table.

Explainer: How NCRC brings banks and local leaders together for community benefits agreements

By Alexandria Robinson / September 11, 2019 January 6, 2022 / Field Notes

Community benefits agreements (CBAs) are a way for banks to spell out, in writing, how they will satisfy CRA requirements when they merge. The agreements are between banks and community groups.

BB&T, SunTrust and NCRC announce $60 billion community investment commitment for new Truist bank

By NCRC / July 16, 2019 December 5, 2019 / Press Releases

BB&T Corporation (NYSE: BBT), SunTrust Banks, Inc. (NYSE:STI) and the National Community Reinvestment Coalition (NCRC) today announced the creation of a three-year, $60 billion community benefits plan for the region served by Truist Financial Corporation, the combined company to be created through the proposed merger of the two banks. The plan, based upon discussions between …

BB&T, SunTrust and NCRC announce $60 billion community investment commitment for new Truist bank Read More »

NCRC leaders testify on BB&T/SunTrust merger

By Alyssa Wiltse-Ahmad / May 10, 2019 May 10, 2019 / In the News, Views

National Community Reinvestment Coalition (NCRC) President and CEO urged more lending and better service for low- and moderate-income communities (LMI) in remarks they made at two recent hearings on the proposed merger between BB&T Bank Corporation and SunTrust Banks, Inc.

First Tennessee and NCRC announce a $3.95 billion commitment to community development

By NCRC / April 10, 2018 November 12, 2021 / Press Releases

The plan will increase access to financial resources within low- to moderate-income (LMI) communities in Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia.

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

By NCRC / November 9, 2017 November 9, 2017 / In the News

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.

Community Benefits Agreement

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