ABSTRACT Communities are using benefits agreements to advocate for economic investments in the context of bank mergers. This study used descriptive and critical discourse analyses to analyze 438 public comments on the 2016 KeyBank–First Niagara merger that included a five-year, $16.5B benefits agreement. Community members universally expressed opposition to the merger. However, the Federal Reserve’s process disempowered community members whose opposition was not voluminous enough to countervail the support strategically orchestrated by KeyBank. Organizations benefitting from KeyBank’s philanthropy leveraged the marginalized communities they served to proffer evidence of the bank’s compliance with the Community Reinvestment Act. Implications are discussed.

中文翻译：

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社区福利协议的承诺和风险：从公众评论到大型银行合并的证据

摘要 社区正在使用福利协议来倡导银行合并背景下的经济投资。本研究使用描述性和批判性话语分析来分析 2016 年 KeyBank-First Niagara 合并的 438 条公众评论，其中包括一份为期五年、价值 16.5B 美元的福利协议。社区成员普遍表示反对合并。然而，美联储的程序剥夺了社区成员的权力，他们的反对声音不足以抵消 KeyBank 战略性策划的支持。受益于 KeyBank 慈善事业的组织利用他们所服务的边缘化社区提供银行遵守《社区再投资法案》的证据。影响进行了讨论。