Providing capital to underserved communities contributes toward improving the opportunities for economic growth and advancement of disadvantaged families. Volunteer programs help engage and retain employees. Investments in youth development and education help to build a talent pipeline that companies can draw upon for their future workforce. These are just a few examples of how companies can do well by doing good. Being a responsible corporate citizen is simply the right thing to do and aligns with our values.
As a financial services company, we also provide support to communities consistent with the Community Reinvestment Act (CRA), a federal law intended to encourage depository institutions to meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.1 The CRA provides an additional incentive for banks to thoughtfully support the financial services needs of the community and can improve the lives of many.
- Community Reinvestment Act: Background & Purpose,” Federal Financial Institutions Examination Council’s (FFIEC) Web Site.