Equitable development plays a key role in addressing the root causes of civil unrest.
Equitable Development and Community Benefit Agreements Combat Displacement and Unrest Read More »
KeyBank continued its years-long retreat from promoting Black and low-income homeownership in 2022, an analysis of the most recent federal data on mortgage lending reveals. Black borrowers made up just 2.6% of the Cleveland-based bank’s home purchase mortgage lending in 2022, down from 3% the year prior. KeyBank has been pulling back from supporting Black
KeyBank’s Betrayal Of Black And Low-Income Homebuyers Continued In 2022 Read More »
Biden officials want to strengthen bank merger review guidelines. Here’s what they can learn from NCRC’s work with banks.
Santander Holdings USA, Inc. and NCRC announce a new community benefits agreement focused on community development and sustainable finance.
NCRC And Santander US Unveil New Community Plan Read More »
Just Economy Conference 2022 attendees heard from bank executives and NCRC members on the process that goes into striking community benefits agreements.
Video: NCRC Members Discuss Community Benefits Agreement Process With U.S. Bancorp Read More »
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.
Huntington, NCRC announce $40 billion expanded community benefits plan Read More »
Five-year reinvestment plan directs resources to underserved communities.
NCRC, First Merchants Bank Announce $1.4 Billion Community Benefits Plan Read More »
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.
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
Wells Fargo triples its philanthropy in DC and launches a community advisory council to guide its giving there in a new initiative developed with NCRC.
Three banks in three different regions collectively promised nearly $20 billion in home mortgages, small business loans, community development financing, and charitable contributions, as part of negotiations that included hundreds of community-based organizations in each region that were completed over the past month.
Next City: Three U.S. Banks Make $20 Billion Community Reinvestment Promise Read More »
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »
The bank’s “Inclusive Communities” plan will expand lending to low- and moderate-income borrowers and communities over five years, triple its philanthropy and add 10 new branches in New York City, Philadelphia and Boston.
Santander and NCRC announce $11 billion “Inclusive Communities” plan Read More »
Boston Globe, October 30th, 2017: Santander Bank executives on Monday unveil an $11 billion, five-year pledge for community investments across the company’s eight-state footprint
Boston Globe: Santander and NCRC announce $11 billion agreement Read More »
