utah.bank 22 and transformative philanthropy targeted toward workforce development, education, and safe, vital neighborhoods for underserved communities and populations. Since 2017, KeyBank has invested more than $1.064 billion in the Utah Market, including the following investments through Dec. 31, 2021: • More than $689 million in affordable housing and community development projects • More than $219 million in small business loans to businesses that are part of low- and-moderate income communities • More than $155 million in mortgage lending to low- and moderate-income communities in Utah • More than $1.2 million in transformational philanthropic investments in neighborhoods in Utah KEYBANK ACQUIRES FINTECH GRADFIN KeyBank has announced the acquisition of GradFin, one of the nation’s leading Public Service Loan Forgiveness (PSLF) counseling services. GradFin provides students access to free consultations with student loan experts, helping them understand their options through student loan forgiveness, refinancing, or a combination of both. Key’s acquisition of GradFin will be particularly beneficial to nurses and other healthcare professionals who utilize Laurel Road, KeyBank’s digital banking platform that provides tailored offerings to support the financial wellbeing of healthcare and business professionals. NELNET BANK NELNET BANK LAUNCHES NEW PRIVATE STUDENT LOAN PRODUCT Nelnet Bank launched Nelnet Bank Private Student Loans, a new offering that gives college students a flexible option to fulfill their college funding needs and achieve their educational dreams. With dedication and collaboration, Nelnet Bank reached its goal of launching a product that offers, accepts, and funds in-school private student loans through one seamless originations portal. The timing of the launch puts the new product offering in front of students and their families in time to begin making financial preparations for the upcoming fall semester. With a range of packages for undergraduate, graduate, MBA, law, and medical students, Nelnet Bank’s program provides competitive rates, auto-debit savings, no upfront costs, and flexible repayment options to help students fill gaps in their college funding when federal loans are not enough. And Nelnet offers even more information and tools to help students make well-informed decisions and understand all their financing options, including a newly designed website and a College Major Calculator (ROI) tool that shows students how their major compares to similar fields of study in several key metrics including average debt, average income, and the average cost of living. STATE BANK OF SOUTHERN UTAH FINANCIAL LITERACY MONTH PROMOTION State Bank of Southern Utah ran a promotion for all High Schools in Southern and Central Utah during April. Students had to complete a financial education module about budgeting through the sbsu.com website and submit a 500-word paper on why a budget is important. Upon completion, students were entered to win an Oculus 2 virtual reality set. Over 60 students from 20 different high schools participated in the promotion, and in May, two students were selected as winners and presented their prizes. Through its financial education program, Dollars & Sense, State Bank of Southern Utah continues to reach out to High Schools to promote the importance of Financial Education. TAB BANK TAB BANK LAUNCHES NEW ONLINE AND MOBILE PLATFORM, CREATES FOUNDATION FOR ENHANCED CUSTOMER EXPERIENCE AND FUTURE CAPABILITIES TAB Bank announced the launch of its latest online and mobile platform, ushering in a new era of customer experience and future capabilities for businesses and consumers. The new banking external interface and back-end platform create a consistent experience between mobile and online banking and gives customers complete control over their interactions and account views. Behind the scenes, the platform enables easier connections to new products and features with integrations to third-party apps, faster creation of new accounts, and the ability to track outside funds. Completing this platform moves TAB Bank toward banking as a service model, creating new capabilities to leverage TAB Bank accounts in everyday life. Opening a new account with TAB Bank is now simpler and easier. Customers can be up and running with a TAB Bank account in a matter of minutes. Through third-party apps, the bank can offer almost unlimited potential service offerings. Individual customer accounts will see the new interface immediately. Business accounts will have access to these features continued from page 21
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