Merged bank pledges $350 billion for community lending

May 21, 1998
Reaction was mixed to a pledge by merger partners NationsBank and BankAmerica to lend $350 billion in the next 10 years to low- to moderate-income and minority customers. Unveiled Wednesday without much fanfare, the pledge from the top executives at the soon-to-be-merged banks features a package of products and services, including mortgages, small business loans and consumer loans.