Why We’re Breaking Up With KeyBank
The Cleveland-based mortgage lender abandoned Black America and broke its promises to community groups.
Community Benefits Agreement
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. …
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 …
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.
Huntington, NCRC announce $40 billion expanded community benefits plan
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
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
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
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.
Explainer: How NCRC brings banks and local leaders together for community benefits agreements
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.
