On Friday, March 18, the National Community Reinvestment Coalition (NCRC) and Key Bank signed an unprecedented $16.5 billion community development plan. The impetus for the plan came from Key Bank’s purchase of First Niagara Bank in New York for $4.1 billion. To read The Plain Dealer article click here and to access the full community benefits plan here. Similar deliberations are currently being led by NCRC with Columbus-based Huntington Bank regarding their proposed acquisition of Akron-based First Merit Bank.
Read more on this and much, much more in the March 2016 edition of What’s Happening in Ohio Community Development?