Ally to donate $30 million to address racial inequalities


The Detroit company will provide grants over the next three years to promote homeownership and help small businesseses struggling to recover from the pandemic and civil unrest.


Fed opens Main Street Lending Program to nonprofits


The central bank is expanding its lending facilities meant to help businesses weather the coronavirus pandemic to organizations like educational institutions, hospitals and social service groups.


Rosengren's Main Street pitch to banks: Get in it for long haul


Participation in the Main Street Lending Program for midsize companies is partly about public service, but the core business rationale is building "a banking relationship that continues on for some time," the Boston Fed chief says.


Wellness tool from BMO Harris partner finds following with bank's customers


Through its partnership with SpringFour, a fintech BMO Harris mentored in 2017, the Chicago bank is referring customers — including many hurt by the pandemic — to reputable nonprofits to help with job training, financial assistance and more.


Wilmers' legacy of civic advancement honored with yearly prize


The Hancock Shaker Village, with help from banks and other professional groups, established an award named after the late chairman and CEO of M&T Bank.


Need a volunteer opportunity, young banker? This algorithm's for you


CariClub crunches employee data to connect young banking professionals with nonprofits on the hunt for junior directors.


Why banks are taking a closer look at down-payment assistance


A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.


Miami bank forms foundation to aid low- and moderate-income homebuyers


City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.


Wells Fargo to commit $1.6B in D.C. for neighborhood investment


Through the "Where We Live" program, the bank will direct philanthropic giving to two wards in the nation's capital and provide financing for affordable housing.


Former U.S. Bancorp chief Davis named CEO at Make-A-Wish America


The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling."