Live Breaking News & Updates on Spencer Guillomaitre

Select Page
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 ....

United States , Jon Bernstein , Spencer Guillomaitre , Williams Demchak , California Reinvestment Coalition , Financial Services Group , Community Benefits Plan , Outstanding Community Reinvestment Act , Community Development Financial Institutions Cdfis , National Community Reinvestment Coalition , National Diversity Coalition , United States Bancshares Inc , Greenlining Coalition , Community Empowerment , Services Group , States Bancshares , Community Development Financial Institutions , Main Street , Van Tol , Greater Boston , ஒன்றுபட்டது மாநிலங்களில் , ஜான் பெர்ன்ஸ்டீன் , கலிஃபோர்னியா மறு முதலீடு கூட்டணி , நிதி சேவைகள் குழு , சமூக நன்மைகள் திட்டம் , ஔட்‌ஸ்ட்யாஂடிஂக் சமூக மறு முதலீடு நாடகம் ,