Community Relations

Banks to help nonprofits affected by tax reform

One outcome of the recent federal income tax overhaul will likely be  reduced charitable giving. Taxpayers using the increased standard deduction (expected to be more than 90 percent of all individual filers) will lack a tax incentive to make charitable donations. The consequences for nonprofits could be sorely felt. Interest for Others Foundation has responded … Read more

Associated Bank invests in women’s business initiative

Associated Bank, Green Bay, Wis., invested $1 million in the Wisconsin Women’s Business Initiative Corporation loan opportunity fund as a part of the bank’s Associated Community Development program. The investment, announced Feb. 13, supports the WWBIC’s, Putting Dreams To Work fund, which supports women and minority-owned companies in their economic and entrepreneurial development throughout Wisconsin. [Continue]

Midland States Bank supports home ownership program

The City of Kankakee, Ill., in partnership with Midland States Bank, Effingham, Ill., announced the launch of the Kankakee Homebuyer Incentive Program. The program will help make homeownership possible with assistance for down payment and/or closing costs and will be open to those individuals wishing to purchase a home within the Kankakee City limits.
“I am very excited about this partnership with Midland States Bank as the investment in this program demonstrates Midland’s commitment to community reinvestment and social responsibility,” said Mayor Chasity Wells-Armstrong. [Continue]

First National Bank of Omaha seeks community development projects

The initial year of First National Bank of Omaha’s “First in the Community” program was a success on all fronts. The numbers are not yet totaled on the second year, 2017, but all indications are those trends will continue. Thus, the Nebraska-based bank is now accepting program proposals from grant seekers interested in helping low- to moderate-income families or communities with housing, neighborhood revitalization or strengthening of the economy. [Continue]

Bank honored for targeted financial education program

Old National Bank, Evansville, Ind., was honored by Wolters Kluwers for its “12 Steps to Financial Success” program, which provides much-needed financial education and financial literacy resources to members of the communities the bank serves, with a particular focus on the most at-risk members. The program began in 2014 to help incarcerated female inmates in Western Kentucky re-enter society as more educated and financially responsible citizens. Since then, the “12 Steps to Financial Success” program has steadily evolved and expanded into Indiana and Michigan. Today, the program also includes courses geared toward the financial education needs of homeless veterans. [Continue]

Bears & Blankets bring comfort

Employees of Winona National Bank, Winona, Minn., helped give comfort to those in need, delivering 539 items collected through its annual Bears & Blankets drive. Winona National collected the items Nov. 24 through Dec. 11 at its three offices. Employees delivered the items to 12 local organizations, and those organizations will distribute the items to those in need of comfort throughout the year. [Continue]