Section 345.APPENDIX C Examples of Community Development

TITLE 38: FINANCIAL INSTITUTIONS

CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION

PART 345 BANK COMMUNITY REINVESTMENT

SECTION 345.APPENDIX C EXAMPLES OF COMMUNITY DEVELOPMENT

Section 345.APPENDIX C   Examples

of Community Development

Examples

of services, programs, sponsorships, donations, lawful investments, deposits,

membership shares, grants, and other activities which may be deemed to have the

primary purpose of community development include, but are not limited to the

following:

a)         Establishment of or material support of

charitable donation accounts and donor advised funds that benefit charitable

organizations which help meet the financial services needs of low-income and

moderate-income neighborhoods or individuals within the bank's assessment area;

b)         Establishment

of or material support of foundations and other affiliated companies that

provide programs and services to meet the credit needs of low-income to moderate-

income neighborhoods;

c)         Material

support of small banks as defined in Section 345.20 that provide programs,

products and services to meet the credit needs of low-income to moderate-income

individuals or families;

d)         Offering

products and services targeted to expand access to safe and affordable banking

services;

e)         Provision or support of community development

services that directly and tangibly benefit the assessment area;

f)         Offering products and services and/or

provision of investments targeted to directly and tangibly increase climate

resilience in low-income to moderate- income neighborhoods;

g)         Offering products and services and or

provision of investments targeted to directly and tangibly mitigate

environmental harm in low-income to moderate- income neighborhoods;

h)         Offering

products and services and/or the provision of investments targeted to directly

and tangibly mitigate the digital divide in low-income and moderate-income

neighborhoods;

i)          Participating

in Invest in Illinois or other similar state or federal programs which have the

primary purpose of community development;

j)          Participating in an activity listed in

Section 345.APPENDIX D, ILCRA Illustrative List of Qualifying Activities for

Banks

.