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PNC Plans $88B in Community Investments - Banker & Tradesman

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PNC Plans $88B in Community Investments
By Diane McLaughlin | Banker & Tradesman Staff | Apr 28, 2021 | Reprints | Print
PNC Financial Services Group’s planned acquisition of an Alabama-based bank will bring additional community investments to all PNC’s markets, including Greater Boston.
PNC this week announced a new Community Benefits Plan that will provide $88 billion in loans, investments and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities. The initiative will last four years and begin Jan. 1, 2022.
The bank said the plan was developed as part of the anticipated regulatory approval and closing of PNC’s acquisition of BBVA USA Bancshares Inc. and its U.S. banking subsidiary, BBVA USA. Through the initiative, PNC will invest in areas currently served by PNC ....

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CSRWire - PNC Announces $88 Billion Community Benefits Plan

PNC Announces $88 Billion Community Benefits Plan
PNC Announces $88 Billion Community Benefits Plan
Four-year plan developed in connection with PNC s pending acquisition of BBVA USA; Expands economic opportunity support for minorities and low- and moderate-income individuals and communities
Published an hour ago
Submitted by PNC Financial Services Group
PITTSBURGH, April 27, 2021 /CSRwire/ The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a Community Benefits Plan to provide $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period beginning Jan. 1, 2022. ....

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