Atlantic Union Bankshares in Richmond, Va., has enhanced its community impact plan.
The company said in a press release that the updated plan, which reflects its purchase of Sandy Spring Bank in Maryland, will add about $2.2 billion of planned new lending, investments, and philanthropy commitments.
The plan was developed in collaboration with the National Community Reinvestment Coalition after listening sessions with more than 47 community groups.
Atlantic Union also plans to create a community advisory council, with half of the members to be appointed by the NCRC.
“We are proud of the bank’s outreach efforts and grateful to the community partner organizations who helped us refine and shape this plan,” Nathalia Artus, the bank’s head of community impact, said in the release. “As our bank continues to grow, so does our commitment to making a positive impact in the communities in which we live and work.”