NCRC

Truist Foundation Inspire Awards registration now open

Retrieved on: 
Lundi, février 26, 2024
ACT, Knight, Marketing, Child care, Small business, Life, Organization, AARP: The Magazine, Employment, NFL, NCRC, Nursing

CHARLOTTE, N.C., Feb. 26, 2024 /PRNewswire/ -- Truist Foundation today announced the opening of registration for its second Inspire Awards to be held on April 24 at the Knight Theater in Charlotte and online. The Inspire Awards is a pitch-style grant program celebrating nonprofits across the country that bring forward innovative solutions to support entrepreneurs from undercapitalized communities.

Key Points: 
  • The Inspire Awards is a pitch-style grant program celebrating nonprofits across the country that bring forward innovative solutions to support entrepreneurs from undercapitalized communities.
  • "I'm honored to be given the opportunity to host the Truist Foundation Inspire Awards this upcoming spring," said Olsen.
  • "The Truist Foundation Inspire Awards is an evening where inspiration meets action, and your registration is the first step."
  • Leading up to the Inspire Awards, Truist Foundation collaborated with Solve , an initiative of the Massachusetts Institute of Technology, to identify and invest in nonprofits leveraging technology as a proven pathway to resiliency and sustainability.

First Financial Bank and National Community Reinvestment Coalition Announce $2.4 Billion Community Benefits Agreement

Retrieved on: 
Mardi, janvier 30, 2024
Community, Volksgemeinschaft, CRA, Community benefits agreement, LMI, Senior counsel, Housing, CBA, DBE, Work, Investment, Commitment, First Financial Bank, NCRC, MBE, Organization, Workforce, Small business, WBE, Negotiation

CINCINNATI, Jan. 30, 2024 /PRNewswire/ -- First Financial Bank (Nasdaq: FFBC) has entered into a new $2.4 billion, five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and related partner organizations, establishing goals for lending and investments to low- and moderate-income (LMI) clients and census tracts.

Key Points: 
  • CINCINNATI, Jan. 30, 2024 /PRNewswire/ -- First Financial Bank (Nasdaq: FFBC) has entered into a new $2.4 billion, five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and related partner organizations, establishing goals for lending and investments to low- and moderate-income (LMI) clients and census tracts.
  • The new agreement follows the successful conclusion of First Financial's previous CBA, during which it achieved 192 percent of its $1.75 billion goal in lending and investments for 2018-2023.
  • "Our new Community Benefits Agreement is a bold statement about how First Financial intends to continue its mission to improve lives and help communities thrive," said Archie Brown, president and CEO of First Financial.
  • Every bank should take notice and embrace the same collaborative approach that First Financial continues to take on these issues."

Old National, NCRC Announce Addendum to Increase Community Growth Plan to $9.5 Billion

Retrieved on: 
Jeudi, janvier 18, 2024
Community, Volksgemeinschaft, CapStar Bank, Investment, Partnership, Housing, Nitenpyram, Plan, Community Reinvestment Act, Acquisition, Old National Bank, NCRC, Old, Small business, Organization, Economic development

The Plan and addendum were developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its members.

Key Points: 
  • The Plan and addendum were developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its members.
  • The addendum is subject to the closing of Old National’s previously announced partnership with Nashville-based CapStar Financial Holdings, Inc. (“CapStar”) (NASDAQ: CSTR), the holding company for CapStar Bank.
  • These commitments include additional quantitative goals for mortgage lending, small business lending, community development lending and investments, philanthropic activities, and racial equity commitments.
  • “Supporting and strengthening the communities that Old National serves is a strategic priority and a defining characteristic of our Old National culture,” said Old National CEO Jim Ryan.

TD Bank Targets $20 Billion to Spark Economic Opportunities for Low- and Moderate-Income, Diverse and Underserved Communities across 15 States and Washington, D.C.

Retrieved on: 
Mercredi, janvier 24, 2024
DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Banking, Small Business, Professional Services, Philanthropy, Fund Raising, Foundation, Student, Community, Volksgemeinschaft, Toronto-Dominion Bank, Enterprise software, LMI, LGBTQ, Housing, Convenience, Community Reinvestment Act, Investment, Veteran, Community development, Charity (practice), NCRC, Organization, Payment card

When they flourish, we succeed,” said Leo Salom, President and CEO of TD Bank, America's Most Convenient Bank®.

Key Points: 
  • When they flourish, we succeed,” said Leo Salom, President and CEO of TD Bank, America's Most Convenient Bank®.
  • “One of our primary objectives as a purpose-driven bank is to help power economic opportunities that help low- and moderate-income (LMI), diverse and underserved communities achieve their financial goals.
  • TD Bank will create a lending Special Purpose Credit Program for small businesses that are registered Minority Business, women-owned or veteran-owned enterprises.
  • Engage and support Historically Black Colleges and Universities (HBCUs) through recruitment of students and alumni and enhancement of financial access.

Prosperity Now Names Marisa Calderon President and CEO

Retrieved on: 
Lundi, décembre 4, 2023
4×2=8, Citigroup, Prosperity, Woman, History, NCRC, National Association, City, Prosperity Now, Volksgemeinschaft, University, Housing, Innovation, Economic development, Management, Real estate, Anthropology

WASHINGTON, Dec. 4, 2023 /PRNewswire/ -- Prosperity Now , the nation's foremost institution advancing racial and ethnic economic equity, today named Marisa Calderon president and CEO.

Key Points: 
  • WASHINGTON, Dec. 4, 2023 /PRNewswire/ -- Prosperity Now , the nation's foremost institution advancing racial and ethnic economic equity, today named Marisa Calderon president and CEO.
  • "Marisa was selected after an extensive nationwide search for a leader with the commitment, experience and passion needed to advance Prosperity Now's mission," said Victor Reinoso, board chair of Prosperity Now.
  • As chief executive, Calderon will lead Prosperity Now at a crucial time as it marks its own organizational milestone of a 45-year anniversary.
  • "As our nation faces unprecedented challenges, I have every confidence that Marisa will skillfully guide Prosperity Now to new heights, ensuring its vital role in fostering prosperity for all."

First Citizens Announces Expanded Commitment to Communities in Northern California and Eastern Massachusetts

Retrieved on: 
Mardi, novembre 14, 2023
FCB, Acquisition, Federal Deposit Insurance Corporation, Organization, Bank, Investment, Silicon, NCRC, Community, LMI, MAHA, Small business, Community Reinvestment Act, City, Health, Citizenship, Volksgemeinschaft, FDIC, Greenlining Institute, Quality of life, Commonwealth, SVB, First Citizens BancShares, CRA, Community Bank, N.A., Financial services, Real estate, Silicon Valley Bank, Boston

RALEIGH, N.C., Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank's longstanding community support to Northern California and Massachusetts following its March acquisition of Silicon Valley Bank.

Key Points: 
  • This new First Citizens commitment also comes in addition to the $16 billion Community Benefits Plan that First Citizens announced in February 2021.
  • "Silicon Valley Bank was an important component of the California economy and is now continuing to support the economy as a division of First Citizens Bank.
  • Now it's about implementation – and we look forward to working with First Citizens to ensure these investments reach communities of color."
  • Now operating as a division of First Citizens Bank, Silicon Valley Bank has resumed serving some of the world's most innovative companies and investors.

Finalists announced for second Truist Foundation Inspire Awards

Retrieved on: 
Mardi, octobre 17, 2023
ACT, Massachusetts Institute of Technology, MIT Solve, Organization, AARP: The Magazine, Employment, Small business, NCRC, Artificial intelligence, Knight, British Inspiration Awards, MIT, Marketing, Pembroke Parish, EQUAL Community Initiative, Management, Award

CHARLOTTE, N.C., Oct. 17, 2023 /PRNewswire/ -- Truist Foundation today announced the finalists for the Inspire Awards, a pitch grant program that elevates and celebrates nonprofits from across the country with innovative solutions that support entrepreneurs. This year's awards spotlight how nonprofits can leverage technology to empower entrepreneurs to serve their customers, adapt during economic disruptions, streamline operations, and build partnerships that strengthen the small business community.

Key Points: 
  • "We're thrilled to welcome these seven nonprofit finalists to our Inspire Awards program; their care for small businesses and dedication to innovation is what helps our communities thrive."
  • The following organizations submitted solutions with transformational potential and have been selected as the new class of Inspire Awards finalists:
    ACT!
  • "I am uplifted by the remarkable Truist Foundation Inspire Awards finalists.
  • At the conclusion of the event, Truist Foundation will announce a winner, second place and audience favorite.

Sentar Wins National Cyber Range Complex Information Technology Service Management Support Contract

Retrieved on: 
Jeudi, octobre 5, 2023
Technology, Engineering, Homeland Security, Aerospace, Manufacturing, Public Policy, Government, Small Business, Professional Services, Defense, Telecommunications, Other Defense, Software, Contracts, Security, T&E, Intelligence, Managed services, Canton of Villeneuve-sur-Lot-2, United States Department of Defense, NCRC, Megan Park, EPOS, RDM, ITSM, Department of Defence, CMF, Deployment management, CFM, Operational Test and Evaluation Force, Lot, Configuration management, Risk management, Atmosphere of Earth, Support

Sentar Inc. (Sentar), a women-owned small business specializing in advanced cyber intelligence solutions and technology, announced today it has been awarded the National Cyber Range Complex (NCRC) Event Planning, Operations, and Support (EPOS) Information Technology Service Management (ITSM) Support contract.

Key Points: 
  • Sentar Inc. (Sentar), a women-owned small business specializing in advanced cyber intelligence solutions and technology, announced today it has been awarded the National Cyber Range Complex (NCRC) Event Planning, Operations, and Support (EPOS) Information Technology Service Management (ITSM) Support contract.
  • As the ITSM Support Contractor, Sentar will have direct involvement in the key ITSM areas of Configuration Management (CfM) and Release and Deployment Management (RDM).
  • Within those areas, Sentar will be working closely with the Lot 1 Site Services, Range Modernization, and NCRC Security Contractors.
  • "We are excited to support the National Cyber Range Complex mission providing ITSM support," said Megan Park Director of Air, Ground, and Space programs at Sentar.

Bluevine and National Community Reinvestment Coalition Join Responsible Business Lending Coalition

Retrieved on: 
Mercredi, octobre 4, 2023
Small business, General counsel, LendingClub, Coalition, NCRC, Volksgemeinschaft, Aspen, Organization, Entrepreneurship, Aspen Institute, Small Business Majority, National Association, Responsibility, Bill of Rights, Bank

"NCRC is thrilled to join the RBLC to continue pushing for better laws and healthier business practices," NCRC President and CEO Jesse Van Tol said. "RBLC's work to protect small business owners from opaque and unscrupulous high-cost loans and lines of credit has resulted in tangible benefits. By passing Small Business Truth-in-Lending laws in several states, RBLC has supported small business entrepreneurship -- and rewarded pro-consumer lenders by preventing a race-to-the-bottom lending climate. NCRC looks forward to contributing to the momentum to advance opportunities for small businesses."

Key Points: 
  • "Bluevine has demonstrated remarkable leadership in advocating for responsible practices in the small business financing industry.
  • The Responsible Business Lending Coalition (RBLC) is the leading cross-sector voice on small business financial protection.
  • The coalition includes nonprofit and for-profit CDFIs, fintechs, investors, and small business advocates that share a commitment to innovation in small business lending and serious concerns about the rise of irresponsible small business lending.
  • Members of the Responsible Business Lending Coalition include Accion Opportunity Fund, the Aspen Institute, Bluevine, Camino Financial, Community Investment Management, LendingClub, the National Association for Latino Community Asset Builders, the National Community Reinvestment Fund, Opportunity Finance Network, and Small Business Majority.

First Horizon Commits $50 Million to Its Communities

Retrieved on: 
Mercredi, mai 10, 2023
FHN, TD, First Horizon Bank, First Horizon Corporation, NCRC, Volksgemeinschaft, First, Work, Health, NYSE, Communications satellite, Management, Renewable energy

MEMPHIS, Tenn., May 9, 2023 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a $50 million commitment to its communities through the First Horizon Foundation.

Key Points: 
  • MEMPHIS, Tenn., May 9, 2023 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a $50 million commitment to its communities through the First Horizon Foundation.
  • As part of the $200 million cash payment received from the TD termination agreement, First Horizon is investing $50 million of those funds back into the communities it serves.
  • We are thrilled that our communities will continue to benefit from the leadership role First Horizon plays in supporting underserved communities which, in turn, helps to create and sustain vibrant communities."
  • Since the First Horizon Foundation was established in 1993, it has invested more than $150 million in the communities it serves.