Associated Bank Announces Community Commitment of $2 Billion
The three-year community commitment will help uplift and enable customers to succeed across the bank's footprint
Highlights of the 2024-2026 CCP include:
-
$1.006 billion in residential mortgages and$9 million in down payment assistance for low-to-moderate-income (LMI) and minority borrowers and/or majority-minority geographies. -
$377 million in loans to support small businesses with revenues of$5 million or less, loans less than$5 million in LMI communities and communities of color, and allSmall Business Administration (SBA) loans. -
$600 million in community development loans and investments to support affordable housing development, small business growth and lending to nonprofits that support LMI communities. -
$8 million in Community Reinvestment Act (CRA)-qualified grants and/or in-kind donations.
"Our renewed community commitment of
"At Associated, we work to uplift our colleagues, customers and communities by providing sound financial services and resources, and the giving of our time through colleague volunteerism," said
Each year, through the CCP,
- Affordable housing
- Small business development
- Workforce development
- Sustainability
- Racial/social equity
A copy of the 2024-2026 CCP can be found at https://www.associatedbank.com/pdf/CommunityCommitmentPlan.pdf
ABOUT
Associated Bank Contact: Marilka Velez
Senior Director of Marketing
920-491-7518
marilka.velez@associatedbank.com
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