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The commitment will serve people of color, low- and moderate- income (LMI) families and communities, and small businesses
Decision is part of a wider strategic refresh
The bank has dedicated $20 million to initiative which seeks to address systemic inequities in education and career outcomes
Small businesses rely heavily on loans or lines of credit for capital funding, research suggests
Funds support programs that promote financial inclusion and access to services
Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations
Cities for Financial Empowerment Fund to scale empowerment centers in underserved communities
Firm will lead neighborhood beautification projects as holiday season approaches for small businesses
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