TD Bank's Community Impact Plan is a three-year commitment with an estimated $20 billion in lending, philanthropy, banking access and other activities for the benefit of diverse and underserved communities.
This plan, developed with insight from the National Community Reinvestment Coalition (NCRC), will support communities across TD Bank's U.S. presence in 15 states and Washington, D.C.
Store Distribution
Opening at least 15 new stores in LMI and/or majority-minority markets. All stores will be open at least five days per week.
$7.5
Billion
Providing an estimated $7.5 billion in community development lending
and investment.
Increasing spending with certified diverse suppliers in the U.S. by 25%.
CONSUMER-FRIENDLY PRODUCTS
Offering affordable products to customers, including age-friendly products and accounts with improved overdraft protections.
"Outstanding" Cra rating
TD will continue to seek to earn an "Outstanding" CRA Rating, which the bank has achieved in the last two rating cycles.
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Support of Community Development Financial Institutions (CDFIs)/Minority Depository Institutions (MDIs) through nearly $320 million in lending, investments and grants.
$320
Million
$70 million in Community Reinvestment
Act-related philanthropy, with 75% of all giving supporting diversely led organizations.
$70
Million
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$10 billion in residential mortgage, home improvement loans and liquidity to the residential lending market to enable affordable home ownership for low-and-moderate-income (LMI) and minority borrowers.
Mortgage Lending
Engaging and supporting Historically Black Colleges and Universities (HBCUs) through institutional support, recruitment of students and alumni, and financial access.
$2.8 billion in estimated lending to small businesses with under $1 million in revenue, with a focus on women-and minority-owned businesses in LMI communities.
Small Business Lending
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Community Benefits Plan Executive Summary
Our plan includes commitments in residential lending, small business lending, banking access and more.
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Infographic: TD's Community Benefits Plan at a Glance
TD Bank’s Community Benefits Plan is a five-year plan with an estimated $50 billion of investment, lending, philanthropy and other activities.
The Community Impact Plan expands TD's mission to positively impact social and economic outcomes for all who live in the communities it serves and enhance financial inclusion for diverse and underserved individuals and businesses.
Press Release: TD Bank Targets $20 Billion to Spark Economic Opportunities for Low- and Moderate-Income, Diverse and Underserved Communities across 15 States and Washington, D.C.
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Developed in coordination with the National Community Reinvestment Coalition, the plan offers an estimated $50 billion of impact. Read more in our news release.
TD Bank Announces Community Benefits Plan to Build on Longstanding Engagement with Underserved Individuals and Businesses
The commitments in this CBP will commence on the date on which FHN merges into TD, also known as Legal Day One (LD1). All figures are for the length of the program.
Additional Resources and Information
Reach 54,000 participants through TD-led financial literacy and fraud prevention programs.
Financial Literacy
Create a $1.75 million Capacity Building Fund for organizations with annual budgets of less than $2 million to support non-profits' general-purpose expenses.
Capacity Building Fund
