Community Benefits Plan

The creation of a CBP agreement between a bank and community groups is used to facilitate specific lending, service and investment commitments by the bank in its communities. In this case, we've partnered with NCRC (National Community Reinvestment Coalition) to create a plan, which will ultimately serve to increase the flow of funds into low- and moderate-income communities and provide a forum for underserved communities to express their needs.

Overall, the First Citizens plan enhances the support we already provide to our communities today. It's also consistent with other active plans in the industry.

We'll accept grant requests focused on our priority areas of strategic community development for the current year through October.

Our priority areas include:

• Workforce Development, Financial Education and Homeowner/Homebuyer Counseling
• Affordable Housing
• Small Business
• Neighborhood Revitalization

Once your online form is submitted, the information is processed for Community Reinvestment Act (CRA) qualification. Unfortunately, due to the volume, we ask that you allow us 60 days to provide a response.

CRA-qualified grant amounts vary by market and organization size. If you've previously received a First Citizens grant, an amount in that same range is a good starting point. While there are local variations, as a general guide, grant amounts in larger markets can range from $5,000 to $50,000. Grant amounts in smaller markets can range from $2,500 to $25,000. Amounts less than $5,000 will be managed by our local market representatives.

We'll fund an organization no more than once in a calendar year. Rare exceptions apply. As you choose a specific community development purpose on the form, consider which program or service is your highest priority for funding. If you're requesting general operating support, select the community development purpose that most closely aligns with your organizational mission.

We've incorporated an environmental concentration into our grant process to the extent that if an organization's work connects with employment or community development, it can be considered for funding.