34 JULY / AUGUST 2020 Community First Bank of Indiana, Kokomo, has donated more than $96,000 in support of Hoosier nonprofits that entrusted the bank to process their Paycheck Protection Program loans. Each donation was equal to the fee the bank earned, rounded up to the nearest $25 increment, for processing and funding each PPP loan. Supported organizations include: Kokomo Family YMCA; Bona Vista Programs Inc.; Family Service Association of Howard County Inc.; Kokomo Humane Society; United Way of Howard County; Community Foundation of Howard County; VFW Post 1152; Turning Point-System of Care; Bridges Outreach; Greater Kokomo Economic Development Alliance; HeartPointe Church; and Kokomo Urban Outreach. Old National Bank, Evansville, has committed $1.2 million to COVID-19 relief efforts and support programs for clients. The relief provides $600,000 in funding focused on meeting immediate community needs, with an emphasis on low-to-moderate income communities, plus $600,000 in grant funding to focus on longer-term needs. Donation examples include: $100,000 to the United Way of Southwestern Indiana COVID-19 Crisis Response Fund; $7,500 to Cultivate Culinary; $2,500 to Kosciusko County Community Foundation serving Warsaw County; $5,000 to Boys and Girls Clubs of Greater Fort Wayne; and $3,500 to Miss Virginia’s Food Pantry. Bank of America, Chicago, has announced a $1 billion, four-year commitment of additional support to help local communities address economic and racial inequality accelerated by the COVID-19 pandemic. The programs is to focus on assisting people and communities of color that have experienced a greater impact from the health crisis. The work builds on economic mobility and workforce development programs the bank already supports in local markets, additionally sharpening the focus of that work, accelerating resources and adding a particular emphasis on health services during the pandemic. This work builds on steps BOA has already taken, including an additional $100 million to support its nonprofit partners across its communities, and $250 million to assist with lending to the smallest and minority-owned businesses. Congratulations! 00-1234 Date Pay to the $ Order of Memo Jim Ryan From Old National Bank #ONBKIND May 5, 2020 Cultivate Culinary Seven Thousand and Five Hundred Dollars and 00/100 7,500.00 COVID-19 Giving Tuesday A check graphic to Cultivate Culinary, a nonprofit food rescue program serving northern Indiana, represents one of Old National Bank’s donations to COVID-19 relief efforts. Premier Bank, Defiance, Ohio, has committed $5,000 from its charitable foundation to Aging and In-Home Services of Northeast Indiana Inc., $5,000 to Community Harvest Food Bank of Northeast Indiana Inc., $2,500 to the Boys and Girls Club of Fort Wayne Inc. and $2,500 to the YMCA of Greater Fort Wayne. These donations are part of the bank’s $100,000 commitment to help local nonprofit partners address the challenges faced from the COVID-19 global pandemic. Premier Bank is the new name of the merged First Federal Bank of the Midwest and Home Savings Bank, Defiance, Ohio. First Merchants Corporation, Muncie, has announced a $1.4 billion community investment plan with the National Community Reinvestment Coalition and its community-based members and partners to direct resources to underserved communities. The commitment extends through 2025 and includes mortgage, small business and community development investments, and lending. Philanthropic funding is also a focus and will be funneled to lowand moderate-income communities within First Merchants Bank regions throughout Indiana, Ohio, Illinois and Michigan. The financial commitment is to provide: $398 million in mortgage lending; $423 million in small business lending; $580 million in community development lending and investment commitments; $3.4 million in sponsorships, grant, loan and investment opportunities; and $10 million to open branches and/or loan production offices in lowto moderate-income communities. First Merchants Corporation, Muncie, has pledged $1 million to local nonprofit organizations supporting communities negatively impacted by the COVID-19 crisis. Investments include loan modifications, mortgage assistance, economic injury disaster loans and emergency personal loans, with an emphasis on those serving on the frontlines of the pandemic response effort. PNC Bank, NA, Wilmington, Delaware, has committed more than $1 billion to support economic empowerment of African Americans and low- to moderate-income communities. The bank’s expanded commitment, announced in June, is to provide more than $50 million in additional charitable support for national and local work to help eliminate systemic racism and promote social justice; expand financial education and workforce development initiatives; and enhance low-income neighborhood revitalization and affordable housing. The commitment also includes more than $1 billion in community development financing and capital for neighborhood revitalization, consumers and small businesses; enhancements to PNC’s existing matching gift program to include support for qualifying nonprofit organizations that support economic empowerment and social justice educational efforts; and a commitment to fully engage PNC employees in support of qualifying social justice and economic empowerment nonprofits through volunteerism, with up to 40 hours paid time off annually to do so. HB Michael Shearer and Trish Severns (center), representing the Kokomo Family YMCA, accept a donation presented by Kim LaFollette, Community First Bank of Indiana. Continued from page 33.
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