Justine PETERSEN presents PNC Bank with community banking award
(Photo courtesy of Justine PETERSEN.)
Justine PETERSEN recently recognized PNC Bank as the 2025 recipient of the Justine PETERSEN Award for Community Banking, an honor that celebrates private banking partners in the St. Louis metro area who demonstrate an exceptional commitment to financial inclusivity and economic empowerment for low-income and socially disadvantaged individuals.
Named in honor of Justine PETERSEN’s namesake, the award highlights financial institutions that go above and beyond in advancing access to capital and financial services. Recipients exemplify excellence in Community Reinvestment Act (CRA) performance, including strong CRA exam scores and parity indicators that reflect meaningful and sustained investment in community lending.
PNC Bank lives out the spirit of this award in countless ways, including through its Community Development Banking team, which works to boost the quality of life in low- and moderate-income neighborhoods through financial education, consumer products, community development lending, investing and economic development.
In collaborating with organizations like Justine PETERSEN, PNC Bank helps expand access to credit, financial education, and banking services that empower individuals, families, and entrepreneurs to build stronger financial futures. These efforts are essential to creating pathways to homeownership, business ownership, and long-term wealth building for communities that have historically been unbanked or underbanked.
“Over the past four years, PNC has invested more than $500 million to support low- and moderate-income communities in the Greater St. Louis region through home and small business lending, community financing and philanthropy,” says Matt Corcoran, PNC regional president for St. Louis. “Our longtime collaboration with Justine PETERSEN has enabled us to maximize our impact and reflects a shared belief that strong communities are built when individuals and small businesses have the tools, knowledge, and support they need to thrive.”
PNC’s commitment to community reinvestment is further demonstrated through its transparency and accountability, and the bank has consistently achieved an Outstanding Community Reinvestment Act rating since the CRA’s enactment in 1977. Strong CRA performance is not simply a benchmark for PNC—it is a reflection of the bank’s broader values and long-term strategy to support economic growth for all. The Justine PETERSEN Award for Community Banking is a testament to PNC Bank’s leadership in community reinvestment.
