At PNC, Mr. Reymundo Ocañas is responsible for the team dedicated to improving low- and moderate-income
communities across the bank’s footprint using innovative financial transactions, the delivery of programs supporting families and neighborhoods and through strategic grantmaking coast to coast. He leads the teams producing CRA-eligible community development lending and investment across PNC markets, with a primary focus on commercial and residential real estate, community development financial institutions and opportunity zone financing.
Mr. Ocañas is responsible for the launch and delivery of PNC’s $88 Billion Community Benefits Plan announced March 2021 that will provide $47 billion in residential mortgage and home equity loans; $26.5 billion in loans to small businesses; $14.5 billion in community development loans, including at least $400 million for community development financial institutions; and $500 million in charitable giving, sponsorships and philanthropic grants. This Plan also includes a $1.5 Billion commitment to address systemic racism through the deployment of capital and programs that provide economic opportunity for communities of color across the U.S.
Before joining the bank in 2009, Ocañas held positions with BBVA (merged with PNC), Wells Fargo, JPMorgan Chase & Co., Bank of America, the Texas Association of Community Development Corporations and the Greater Austin Hispanic Chamber of Commerce