ESG News For Federal Reserve System

Banc of California, N.A. (“Banc of California”), a wholly-owned subsidiary of Banc of California, Inc. (NYSE: BANC) and Rise Economy announced today a $4.1 billion, three-year Community Benefits Plan (the “Plan”). Banc of California and Rise Economy (formerly the California Reinvestment Coalition) leaders worked collaboratively to develop the expansive plan in connection with Banc of California’s transformational merger with Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp (Nas

Ten New York City Small Businesses Each Receive $10,000 to Provide Relief from Impact of COVID-19 on their Businesses

Fourth Quarter 2021 SummaryNet income of $84.8 million, or $0.89 per diluted shareReturn on average assets of 1.63%, return on average equity of 11.90%, and return on average tangible common equity of 18.66%(1)Efficiency ratio of 48.0%(1)Loan growth of $315.8 million, or 9.0%, annualizedNet interest margin of 3.53%, and core net interest margin of 3.36%(1)Cost of deposits decreased to 0.04%Nonperforming assets represent 0.15% of total assetsTangible book value per diluted share increased $0.54 to $20.29(1)

Eastern Bank Foundation (“Foundation”), the philanthropic arm of Boston-based Eastern Bank whose stock holding company is Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC), today announced it has established a plan to sell a pre-arranged portion of EBC company stock held by the Foundation over an 18-month period. The stock trading plan was established as part of the Foundation’s long-term strategy for asset diversification and liquidity and was adopted in accordance with the requiremen

Ties corporate credit lines to measured ESG goals, a first for a North America auto manufacturerDemonstrates financial market leadership in corporate transition away from LIBOR, with first large syndicated corporate loan priced directly off of SOFR

“A Year Like No Other” Report Captures the True Essence of the Bank’s Commitment to Colleagues, Clients and the Communities it Serves, Especially During a Most Challenging Year

Bank Names Chief Corporate Social Impact Officer and Chief Human Resources Officer;Further Cements Commitment to Corporate Social Responsibility

Organizations to Work with Leading Nonprofits to Address Widespread Financial Insecurity

Customers Bank, a leading super-community bank with operations in Pennsylvania, Illinois, New Jersey, New York and New England, announced today that AnNette Hines has been promoted to Director of Cultural Advancement.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191001005116/en/Customers Bank Promotes AnNette Hines to Director of Cultural Advancement (Photo: Business Wire)Hines joined Customers Bank in 2013 and has more than 20 years

Congressman Brendan Boyle and Philadelphia’s Mayor Jim Kenney joined a celebration of affordable housing and community revitalization.

Bank Further Demonstrates its Commitment to New York’s Not-for-Profit Affordable Housing Community

Pledge Made Publicly Available on Bank’s Website

i(x) investments, a multi-strategy social impact investment firm, today announces the appointment of Sarah Bloom Raskin to its Board of Directors. From March 2014 through January 2017, Ms. Raskin served as the Deputy Secretary of the U.S. Department of the Treasury. In addition to the broad range of policy, operational and organizational functions she oversaw and directed as second-in-command at the Treasury Department, Ms. Raskin focused on bolstering the cou