TMC News: Cadence Bancorporation Appoints Nine Community Leaders to Newly Formed Community Reinvestment Act Advisory Board

TMC News, January 16, 2020: Cadence Bancorporation Appoints Nine Community Leaders to Newly Formed Community Reinvestment Act Advisory Board

Cadence Bancorporation (NYSE: CADE) announced the formation of a Community Reinvestment Act (CRA) Advisory Board to support the community outreach and reinvestment initiatives of Cadence Bank, its wholly-owned subsidiary. These initiatives are outlined in the bank’s 2019-2023 Community Benefits Plan, created with input from the National Community Reinvestment Coalition (NCRC).

The CRA Advisory Board serves to strengthen Cadence Bank’s fair lending and CRA programs for low- and moderate-income and underserved minority communities. Members of the CRA Advisory Board will provide strategic guidance and direction on the bank’s affordable housing, small business, economic and community development, and financial empowerment initiatives.

Print Friendly, PDF & Email

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: