The Non Profit Times, March 1, 2021, First Citizens Bank, NCRC To Offer $16B Community Benefits Plan
First Citizens Bank, Raleigh, N.C., will make $16 billion in loans and investments available for affordable housing, small business and community development financing between 2021 and 2025. The community benefits plan was developed in conjunction with the Washington, D.C.-based National Community Reinvestment Coalition (NCRC).
The merger is expected to be completed between March and June of this year, according to NCRC Community Reinvestment Bank Manager Kevin Hill. Following the merger, a form on firstcitizens.com will allow prospective recipients to submit funding requests.
