When Regulators Overhaul Bank Merger Rules, They Should Heed Key Lessons From NCRC’s Community Benefits Agreements
Biden officials want to strengthen bank merger review guidelines. Here’s what they can learn from NCRC’s work with banks.
Community Benefits Agreement
NCRC And Santander US Unveil New Community Plan
Santander Holdings USA, Inc. and NCRC announce a new community benefits agreement focused on community development and sustainable finance.
KeyBank’s New Racial Equity Audit Contradicts Its Initial Denials Of Redlining And Other Lending Failures In Black Communities
“KeyBank knew they violated their promises to marginalized communities, but chose to…prioritize damage control over doing the right thing.” — Jesse Van Tol
Video: TD Bank President And CEO Leo Salom Addresses First Horizon Merger, CBA At 2023 Just Economy Conference
A pre-recorded message to the 2023 Just Economy Conference from TD Bank President and CEO Leo Salom regarding the Community Benefits Agreement tied to the TD-First Horizon merger.
NCRC Announces $50 Billion Community Benefits Agreement With TD Bank
TD Bank will commit $50 billion in investments, lending, philanthropy and other services for diverse and underserved communities as it acquires First Horizon.
Why We’re Breaking Up With KeyBank
The Cleveland-based mortgage lender abandoned Black America and broke its promises to community groups.
REPORT: KeyBank Promised To Improve, Then Became The Worst Major Mortgage Lender For Black Homebuyers
Among the 50 biggest mortgage lenders, KeyBank ranked last on one important metric of racial inclusion. KeyBank’s broken promises to Black America have prompted a leading economic justice organization to break ties with the bank.
Broken Promises To Black America Prompt Community Advocate To Break Ties With Bank
NCRC Announces $40 Billion Community Benefits Plan With BMO Harris Bank
Customers and communities win $40 billion in tangible commitments from pending bank merger.
NCRC Announces Expanded Community Benefits Agreement With First Merchants Bank
The amended agreement will help provide stronger positive impact across the communities First Merchants serves.
Video: M&T Bank, NCRC Members Discuss Community Benefits Agreement Process At 2022 Just Economy Conference
Bank executive Mike Keegan reflects on the importance of community benefits agreements.
NCRC, Columbia Bank and Umpqua Bank Complete $8.1 Billion Community Benefits Plan to Advance Economic Opportunity for Underserved Communities
The National Community Reinvestment Coalition (NCRC), Columbia Bank (Columbia) and Umpqua Bank (Umpqua) announced an $8.1 billion Community Benefits Plan (Plan) that builds on both bank’s commitment to advance economic opportunity for individuals and support small business formation in historically underserved communities throughout its footprint.
U.S. Bancorp, NCRC, CRC Announce $100 Billion Community Benefits Plan
U.S. Bancorp today announced a more than $100 billion, five-year community benefits plan, developed in partnership with the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), as part of the planned acquisition of MUFG Union Bank.
Video: Bond Hill Market Groundbreaking
Roughly three years ago, NCRC members in Cincinnati met to discuss the pressing needs facing LMI communities and how the various community benefits agreements might provide some level of support. The group identified food insecurity as the number one project they would undertake. First Financial Bank was identified as the appropriate partner and after several …
NCRC Remarks To Federal Regulators On US Bank Merger
Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, provided the following testimony on March 8, 2022, to regulators reviewing the proposed merger of U.S. Bancorp and MUFG Union Bank. Good morning. I’m Jesse Van Tol and I’m the President and CEO of the National Community Reinvestment Coalition (NCRC). I will detail …
NCRC Remarks To Federal Regulators On US Bank Merger Read More »
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
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.