NCRC

Newsbreak, January 19, 2024, Bank Closure Crisis Deepens in Pennsylvania: Six New Shutdowns Announced According to the National Community Reinvestment Coalition report: “When bank branches close, there are several adverse effects on the surrounding community. Small business lending and activity in the area declines. More people use alternative financial services that open them to unregulated […]

Inside Indiana Business, January 19, 2024, Old National Adds To Community Growth Plan The original plan and the recently announced addendum were developed in collaboration with the National Community Reinvestment Coalition. Old National says the additional investment is subject to the closing of the bank’s $344 million acquisition of CapStar Financial Holdings Inc. in Nashville, Tennessee, which

Ballard Spahr, January 23, 2024, Banking And Non-Banking Industries Voice Concern Over Basel III Endgame Proposal’s Potentially Significant Negative Impact On Consumers Non-banking trade groups have echoed some of the same sentiments and concerns as those outlined in the CBA’s White Paper. Several affordable housing, civil rights, and urban advocacy groups, including the National Housing

NWITimes, January 23, 2024, Old National Bank To Spend $1.2 Billion More On Community Growth Plan “Supporting and strengthening the assemblies that Old National serves is a strategic priority and a defining characteristic of our Old National culture,” said Old National CEO Jim Ryan. “We are excited for this opportunity to expand on our existing

Candid, January 23, 2024, TD Bank Plans $10B ‘Home Ownership Investment’ Focused On Boston, Five Other Cities The $20 billion, three-year effort was developed with help from the National Community Reinvestment Coalition, a press release issued by the bank Wednesday said. The plan will also help TD Bank fulfill its Community Reinvestment Act obligations to

GovLoop, January 25, 2024, The Best Government Conferences Of 2024 Just Economy Conference April 2 – 4, 2024 | Washington, D.C. | #JustEconomy The Just Economy Conference is a national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities for all Americans to build wealth and live well.

Newsbreak, January 26, 2024, Pennsylvania Faces Banking Transformation: Ten More Branches Announce Closures This Month This wave of closures is not isolated to Pennsylvania but is part of a broader national trend. Between 2017 and 2021, nearly 7,000 bank branches, accounting for nine percent of all U.S. locations, ceased operations. This decline in physical banking facilities has

CNBC, January 24, 2024, If Your Local Bank Branch Has Closed For Good, You’re Not Alone – Here’s What You Can Do While this trend is widespread, it’s been hitting low-income and majority-minority communities even harder. According to the National Community Reinvestment Coalition, one-third of the branches closed from 2017 to 2021 occurred in areas that

NJBIZ, January 26, 2024, TD Bank Commits $20B To 3-year Community Impact Plan Developed with the National Community Reinvestment Coalition, the plan is a smaller-scale outline than the five-year, $50 billion vision TD Bank announced in February 2023. That version was contingent on a $13.4 billion planned merger with First Horizon Corp., which was called off in May 2023. 

Politico, January 30, 2024, A Bank Merger ‘Mirage’ National Community Reinvestment Coalition President and CEO Jesse Van Tol said some of the broad highlights Hsu laid out are “promising.” He cited Hsu’s decision to end “default approval” of some mergers and his commitment to launch a public database on the agency’s merger reviews.

HousingWire, January 30, 2024, First Financial Bank To Invest $700M By 2028 In Affordable Mortgage Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. The initiative is part of a community benefits agreement

MarketWatch, January 30, 2024, Fed, Markets On Collision Course; 5 Other Things To Know Before Market Opens National Community Reinvestment Coalition CEO Jesse Van Tol said the plan is a positive step, and that changing the approval process shouldn’t be considered an effort to stymie corporate tie-ups but to create a balanced system that will ensure

Iowa Capital Dispatch, January 15, 2024, MLK Would Have Been 95 This Year. Let’s Make His Dream A Reality. This January marks what would have been Dr. Martin Luther King, Jr.’s 95th birthday. Nearly a century after the late civil rights leader’s birth, it’s a good time to reflect on the work still to be

The St. Louis American, January 9, 2024, December Jobs Report Holds Good News For Black Workers Dedrick Asante-Muhammad and Joseph Dean state in a National Community Investment Coalition (NCRC) analysis, “The labor market continues to show strengths not seen in decades, with unemployment rates below the 4% threshold defined as “full employment” for the past two

The Nevada Independent, January 5, 2024, Indy Explains: How Have Discriminatory Housing Practices Shaped Vegas’ Historic Westside? According to the equity-focused National Community Reinvestment Coalition, the federal government made redlining maps for 140 metropolitan cities in the 1930s. No city in Nevada was on the list.