Pub. 7 2019 Issue 4

www.uba.org 26 BANK KUDOS BANK OF UTAH Bank of Utah volunteers participated in Project Homeless Connect on Oct. 25, 2019, a one-day, one-stop event in Salt Lake City that brought together communi- ty volunteers to provide services for people at risk of or experiencing homelessness. Project Homeless Connect reported more than 909 volunteers from 104 organiza- tions provided services for 1,084 guests. Bank of Utah was an event sponsor and provided financial services to attendees at the Salt Palace Convention Center. Other services included housing intake, employ- ment assistance, flu and hepatitis shots, pet care, massages, bike maintenance, substance abuse, vocational, mental health, and veterans services. “What a terrific event,” said Bank of Utah’s Mary McBride, who participated. “We were excited to learn that 219 people got new glasses, 273 folks got dental cleanings and/or tooth extractions, 340 got haircuts, 91 people were helped at the legal center, 566 people received Turtle Shelter Project vests, and 2,500 burritos were devoured!” Bank of Utah will continue its efforts to serve people in need by sponsoring its annual Warm Bodies, Warm Souls warm clothing drive, which will benefit 12 Utah charities. Arctic Circle and Red Hanger Dry Cleaners co-sponsor the event that runs from Nov. 18 to Dec. 15, 2019. KEY BANK KEYBANK RECOGNIZED AS LEADING DISABILITY EMPLOYER For the third year, KeyBank has been recognized by the National Organization on Disability (NOD) as a Leading Dis- ability Employer. This annual recognition is designed to commend organizations that are leading the way in disability hir- ing and encourage additional companies to tap into the many benefits of hiring talent with disabilities. “The commitment to diversity and inclu- sion runs deep within our culture at KeyBank,” said Terry Grant, president of KeyBank’s Utah market. “Earning a NOD Disability Employer seal is a source of pride for us, and we will continue working to provide supportive experienc- es for people with disabilities who engage with and work for KeyBank.” KeyBank has a number of programs and activities in place to support people with disabilities and caregivers, including a Champions of People with Disabilities business networking group, encourage- ment of voluntary self-identification, talent acquisition efforts, and more. KEYBANK SECURES $23.5 MILLION OF FINANCING FOR SANDY AFFORDABLE HOUS- ING PROPERTY KeyBank Community Development Lend- ing and Investment (CDLI) announced re- cently that is has secured $23.5 million of construction and permanent financing for the Wasatch Residential Group (WRG), a real estate development, construction, finance and asset management company based in Salt Lake City to construct Arca- dia Apartments II in Sandy, Utah. The 177-unit affordable family housing apartment development, which will be limited to 60% area median income, will consist of 52 one-bedroom, 82 two-bed- room and 43 three-bedroom units. The project is adjacent to Arcadia Apartments I, previously developed by WRG, and will share access to amenities including a pool, hot tub, and fitness room. “Helping neighborhoods thrive in Utah is our priority,” said Terry Grant, president of KeyBank’s Utah market. “Whether it’s a mortgage for a first-time homebuyer or a small business loan in a struggling neighborhood, each investment in the Utah community is making a difference. When the neighborhoods of Utah suc- ceed, we all succeed.” KeyBank Real Estate Capital also an- nounced that it has secured a $140.3 million Fannie Mae Credit Facility for Keller Investment Properties, based in Centerville, Utah, to refinance three multifamily prop- erties in Utah and Arizona. This includes the Park at City Center in Sandy and the Quail Cove Apartments in Layton. ZIONS BANK ZIONS RANKS AS TOP SBA LENDER FOR 26 YEARS Zions Bank has ranked as the state’s top provider of SBA 7(a) loans for the 26th con- secutive year. In 2019, Zions Bank helped Utah businesses grow so that they could create 468 new jobs and retain 496 existing positions, according to SBA data. Loans approved by Zions Bank represent 16% of the 1,074 SBA-backed loans approved in the Utah District during the last fiscal year. Zions Bank continues to be a leader in marketing SBA loans to businesses owned by women and people of color, which accounted for 28% of the loans approved by Zions Bank in Utah and Idaho during the fiscal year 2019. In Idaho, Zions Bank approved 54 SBA 7(a) loans in 2019, total- ing $12.5 million, marking 18 consecutive years as the Boise District’s top lender. WOMEN EXECUTIVES HON- ORED BY AMERICAN BANKER MAGAZINE American Banker magazine’s October 2019 “Most Powerful Women in Bank- ing” issue lists Zions Bancorporation among one of five Top Banking Teams in the nation.