Next City reports on nearly $20 billion in CRA is promised by three banks from three different regions. "The agreements continue momentum from 2016, a landmark year in which the National Community Reinvestment Coalition (NCRC) and its members negotiated $62.6 billion in community reinvestment agreements with banks. NCRC also facilitated all three of the agreements announced in the past month." 

  • Santander Bank, the Boston-based subsidiary of Spain’s Banco Santander, on Oct. 30 announced an $11 billion, five-year commitment including $9.1 billion in lending to underserved communities across its 10-state footprint in the Northeast.
  • Iberiabank, based in Lafayette, Louisiana, announced a $6.72 billion five-year commitment covering eight Southeastern states. 
  • First Financial Bank, a regional bank based in Cincinnati, committed to a $1.75 billion CRA agreement covering the Cincinnati, Columbus, Dayton, Indianapolis, Gary and Louisville markets. 

Read the full article here

 

 

Make Headlines

Send us your CDFI news, by email, or by tweet to @OppFinance.

STAY INFORMED

Get updates on the latest news and information at OFN! View an archive of e-newsletters here!

Related Articles