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.
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.
American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan Read More »
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
