TD Bank Announces Creation of Community Advisory Board to Manage Signature $20 Billion Community Impact Plan

Rhea-AI Summary

TD Bank has launched a $20 billion Community Impact Plan aimed at empowering diverse and underserved communities through lending, philanthropy, and banking access over the next three years. Integral to this initiative is the creation of a Community Advisory Board consisting of leaders with vast experience in areas like community development, education, and financial services.

The board members include Seema Agnani, Dr. Tony Allen, Marla Bilonick, Anthony Carter, Brian Harris, Dr. Kimberlyn Leary, Dr. Tonya Matthews, Marc Morial, Michael T. Pugh, Marietta Rodriguez, and Jesse Van Tol. The board will convene on October 29 to provide actionable recommendations and ensure the plan meets local needs. According to TD Bank's CEO Leo Salom, this initiative underscores the bank's commitment to financial inclusion, sustainable growth, and social progress.

CHERRY HILL, N.J.--(BUSINESS WIRE)-- TD Bank, America’s Most Convenient Bank^®, recently announced its Community Impact Plan, a notable initiative to further its long-standing commitment to community empowerment and economic growth. 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.

As part of this initiative, the bank is engaging with stakeholders and experts close to the issues at hand to gain a deeper understanding of community needs and aspirations. To foster meaningful progress, TD formed a Community Advisory Board comprised of a diverse set of talented leaders from organizations within the bank's footprint.

“The Community Impact Plan reinforces TD’s commitment to financial inclusion, sustainable growth and social progress in the communities we serve. The establishment of the Community Advisory Board is a critical step in this effort," said Leo Salom, President and CEO of TD Bank, America’s Most Convenient Bank. “The Board brings together top-tier executives, influential community leaders and individuals with exceptional experience. Their independent oversight will help us stay true to our mission and maximize the positive outcomes of our plan.”

TD's Community Advisory Board will convene to exchange ideas and provide concrete, actionable recommendations, helping to ensure the bank's initiatives through the Community Impact Plan meet local needs. The inaugural meeting will be held on Tuesday, Oct. 29.

The following individuals will join TD’s Community Advisory Board:

Seema Agnani, CEO, National Coalition for Asian Pacific Community Development. She is based in greater New York City and has more than 25 years of experience in community development, capacity building and immigrant rights.

Dr. Tony Allen, CEO, Delaware State University in Wilmington. He has more than 20 years of experience in education and nonprofits and serves as Chair of President Biden’s board of advisors on Historically Black Colleges and Universities (HBCUs).

Marla Bilonick, President and CEO, National Association for Latino Community Asset Builders. She is based in Washington, D.C. and has more than 20 years of experience in small business development, community-based financial services and international aid. She is the first Latina Chair to the Department of the Treasury's CDFI Fund Community Development Advisory Board.

Anthony Carter, former Chief Diversity Officer, Johnson & Johnson (retired). His 40-year career spanned the corporate, government and nonprofit sectors and his expertise is in global diversity and inclusion and corporate leadership. Carter is based in Florida and is a frequent lecturer on diversity and social justice topics.

Brian Harris, Catawba Nation Chief in Rock Hill, South Carolina. The Catawba Nation’s ancestral lands include the piedmont regions of South and North Carolina. Harris’ work includes more than 20 years in tribal governance, cultural preservation and economic development.

Dr. Kimberlyn Leary, Executive Vice President, Urban Institute. Dr. Leary, based in Boston, has expertise in psychology, public health and gender equity, and she is a professor at Harvard Medical School and in the Department of Health Policy at the Harvard T.H. Chan School for Public Health. She also served as a White House advisor during two presidential administrations.

Dr. Tonya Matthews, President and CEO, the International African American Museum in Charleston, South Carolina. Dr. Matthews has more than 20 years of experience in nonprofit executive leadership, education, and arts and culture. She founded The STEMinista Project and STEMinista Rising, initiatives promoting gender inclusivity in STEM fields.

Marc Morial, President and CEO, National Urban League. He is based in the New York City metro area and has more than 30 years of experience in urban advocacy, civil rights, and community lending and investment. Under his leadership, The National Urban League launched several key programs designed to reduce unemployment and empower minority-owned businesses.

Michael T. Pugh, CEO, Local Initiatives Support Corporation in New York City. He has more than 30 years of experience in banking with a focus on expanding access to capital for underserved families, businesses and communities. Pugh is the former CEO of Carver Federal Savings Bank, the nation’s largest publicly traded African American-operated bank.

Marietta Rodriguez, President and CEO, NeighborWorks America. She is based in based in Washington, D.C., and has more than 20 years of experience addressing homeownership, foreclosure prevention, and promoting community building and engagement.

Jesse Van Tol, President and CEO, National Community Reinvestment Coalition. He is based in Washington, D.C., and has more than 15 years of experience in community development, economic justice and advocacy. Van Tol serves on the advisory councils of several large financial institutions and has worked to generate $300 billion in new investments in low- and moderate-income communities through community benefits agreements.

About TD Bank, America's Most Convenient Bank^®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth^®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Instagram at www.instagram.com/TDBank_US/.

TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711346414/en/

Media:

Martha A. Gaston, APR

VP, Senior Corporate Communications Manager, TD Bank

martha.gaston@td.com

Source: TD Bank

FAQ

What is TD Bank's $20 billion Community Impact Plan?

TD Bank's $20 billion Community Impact Plan is a three-year initiative focused on lending, philanthropy, and banking access to support diverse and underserved communities.

Who are the members of TD Bank's Community Advisory Board?

The Community Advisory Board includes Seema Agnani, Dr. Tony Allen, Marla Bilonick, Anthony Carter, Brian Harris, Dr. Kimberlyn Leary, Dr. Tonya Matthews, Marc Morial, Michael T. Pugh, Marietta Rodriguez, and Jesse Van Tol.

When will TD Bank's Community Advisory Board have its first meeting?

TD Bank's Community Advisory Board will hold its inaugural meeting on October 29.

What is the role of TD Bank's Community Advisory Board?

The board will provide actionable recommendations to ensure the Community Impact Plan aligns with local needs and maximizes positive outcomes.

How does TD Bank's Community Impact Plan benefit underserved communities?

The plan aims to provide $20 billion in lending, philanthropy, and banking access, enhancing economic growth and financial inclusion for diverse and underserved communities.

Who announced TD Bank's Community Impact Plan?

Leo Salom, President and CEO of TD Bank, announced the Community Impact Plan.

What are some areas of expertise represented on TD Bank's Community Advisory Board?

The board members have expertise in community development, education, financial services, diversity, public health, and economic justice.