Business
PNC Achieves Major Milestone in $88 Billion Community Benefits Plan
NORTHAMPTON, MA / ACCESS Newswire / May 6, 2025 / Company has deployed 97% toward the plan to strengthen communities, drive economic empowerment and foster financial inclusion. Highlights Three years into ambitious plan, nearly $85.5 billion of funds ...
About this update from Pnc Financial Services Group, Inc. (the)
[{"type":"text","content":"NORTHAMPTON, MA / ACCESS Newswire / May 6, 2025 / Company has deployed 97% toward the plan to strengthen communities, drive economic empowerment and foster financial inclusion.","length":176,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Three years into ambitious plan, nearly $85.5 billion of funds have been deployed toward the plan, representing 97% of pledge.","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"In 2024, PNC strategically deployed $28.5 billion in capital to accelerate homeownership, small business growth and community investment.","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Final year of plan focuses on maximizing impact by deepening partnerships, expanding access to capital and driving economic opportunity.","length":136,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":399,"olType":false},{"type":"text","content":"Making a transformative impact","length":30,"tagName":"p"},{"type":"text","content":"PNC's steadfast commitment to the communities we serve drives our teams to create and execute capital investments, loans and grants that make a positive, lasting impact. It's in that spirit of consistent forward progress that PNC Bank proudly shares the significant progress achieved under our $88 billion Community Benefits Plan (CBP), launched in January 2022 and concluding in December 2025.","length":402,"tagName":"p"},{"type":"text","content":"With a commitment to economic empowerment and financial inclusion, the four-year initiative is making a measurable and transformative impact across low- and moderate-income (LMI) communities and majority-minority census tracts.","length":227,"tagName":"p"},{"type":"text","content":""Looking ahead, in this final year of the CBP, our focus remains on maximizing impact by deepening our partnerships, expanding access to capital and driving economic mobility," said Richard Bynum, PNC's chief corporate responsibility officer. Thanks to the amazing work of our PNC team members, we are well-positioned to build on this momentum and create lasting change for the communities we serve."","length":419,"tagName":"p"},{"type":"text","content":"2024 report summarizes progress","length":31,"tagName":"p"},{"type":"text","content":"...