{"id":248451,"date":"2025-03-25T12:31:46","date_gmt":"2025-03-25T16:31:46","guid":{"rendered":"https:\/\/ncrc.org\/?p=248451"},"modified":"2025-04-28T09:40:54","modified_gmt":"2025-04-28T13:40:54","slug":"ncrc-and-southstate-bank-announce-8-3-billion-plan-to-support-underserved-communities","status":"publish","type":"post","link":"https:\/\/ncrc.org\/ncrc-and-southstate-bank-announce-8-3-billion-plan-to-support-underserved-communities\/","title":{"rendered":"NCRC And SouthState Bank Announce $8.3 Billion Plan To Support Underserved Communities"},"content":{"rendered":"

The National Community Reinvestment Coalition announced that SouthState Bank has announced in coordination with NCRC a five-year, $8.3 billion plan to meet the needs of underserved communities across the eight states the bank serves, including Florida, Texas, the Carolinas, Georgia, Colorado, Alabama and Virginia.<\/p>\n

“Communities across the southeast, Texas and Colorado will benefit from the SouthState team’s commitment to above-baseline mortgage and small business lending, which reflects SSB’s dedication to listening to its customers,” said Jesse Van Tol, President and CEO of NCRC.<\/strong> “This plan’s transparency and accountability mechanisms — including annual reports and state-level breakdowns of its lending goals — demonstrate a robust commitment that stands as a model to others in the industry.”<\/p>\n

Since 2016, NCRC has facilitated more than 30 community benefits plans<\/a> with bank groups that committed nearly $600 billion for mortgage, small business and community development lending, investments and philanthropy in LMI and under-resourced communities.<\/p>\n

The plan builds on SouthState\u2019s legacy of 90 years of fair banking practices and serving communities through volunteerism, engagement, investment and philanthropy, the bank said.<\/p>\n

\u201cAs a leading regional bank in the South, I am proud of SouthState\u2019s proactive outreach and partnership with community leaders such as NCRC to solve the most pressing challenges facing our friends and neighbors in our communities,\u201d said LeDon Jones, SouthState\u2019s Director of Corporate Stewardship.<\/strong> \u201cThis significant commitment underscores the importance we place on ensuring we continue to be excellent stewards, fair bankers and good corporate citizens.\u201d<\/p>\n

The plan, which will span 2025-2029, was developed as a result of collaborative listening sessions in which more than 75 community leaders from seven states discussed the most pressing needs of their communities with SouthState and NCRC.<\/p>\n

\u201cSouthState has been a great partner throughout this process, showing a commitment to listening to community members and using the feedback to create a plan that reflects what they heard,” said Katy Crosby, NCRC\u2019s Chief of Community Engagement and Institutional Accountability.<\/strong> “I do not doubt that our partnership moving forward will reflect the same as evidenced by their commitment to continue engaging in dialogue with local stakeholders through their footprint and using what they learn to make appropriate adjustments to products, services, and engagement.\u00a0 I am looking forward to our work together.\u201d<\/p>\n

A detailed summary of the plan can be found below. Highlights of the plan include:<\/p>\n