The Massachusetts Community and Banking Council a public-private partnership that announced a five-year, $400-million commitment to community development in 1990, reported that it had exceeded its goal. Some $514 million was generated, mostly in mortgages for low- and moderate-income residents; other money helped create housing, loans to minority enterprises, ATMs and even bank branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.