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.
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