First Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest
First Merchants Corporation announced a new five-year, $2.02 billion Community Benefits Agreement with the National Community Reinvestment Coalition (NCRC) to support low-to-moderate-income communities across the Midwest. The agreement allocates $650 million for mortgage lending, $464 million for small business loans, $700 million for community development lending, $200 million for investments, and $6 million for philanthropy through 2030.
Key figures
- Philanthropy
- 6000000
- Total assets
- 21000000000
- Mortgage lending lmi
- 650000000
- Community dev lending
- 700000000
- Small business lending
- 464000000
- Community dev investment
- 200000000
- Community benefits commitment
- 2020000000
AI analysis
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