Community development

Tricolor Issues Social Bond to Advance Financial Inclusion in Underserved Hispanic Communities

Retrieved on: 
Thursday, January 25, 2024
FICO, JPMorgan Chase, International Capital Market Association, Framework, CDFI, ABS, Community development financial institution, Treasury, Class D, AI, Jules Kroll, Sale, S&P Global Ratings, Community development, Transport, ICMA, Barclays

DALLAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Tricolor today announced a $271 million social bond – its third overall – to empower underserved, low-income communities and provide them with improved access to mainstream financing.

Key Points: 
  • DALLAS, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Tricolor today announced a $271 million social bond – its third overall – to empower underserved, low-income communities and provide them with improved access to mainstream financing.
  • The transaction was oversubscribed by 3.4X on the available classes; the Class D and Class E bonds were pre-placed.
  • Tricolor leverages artificial intelligence (AI) to successfully underwrite and extend affordable loans to credit invisible customers.
  • By providing deserving people with access to reliable, affordable transportation and moving them into the financial mainstream, Tricolor aims to reverse systemic financial inequality in America.

Sanford Heisler Sharp Announces Leadership Transitions, Promotions

Retrieved on: 
Wednesday, January 17, 2024
Entrepreneurship, CDFI, Associate, Community development financial institution, Partner, CFO, Human resources, Vignarajah, University School, Mentorship, Left–right political spectrum, Harvard Law Review, Thomson Reuters, Executive, Chairperson, Harvard Law School, Metro, DLA, Discrimination, Community development, Supreme court, Stephen Breyer, Management

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- The new year brought new titles and responsibilities to Sanford Heisler Sharp’s leadership team, as well as a transition of roles and new support personnel firmwide.

Key Points: 
  • NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- The new year brought new titles and responsibilities to Sanford Heisler Sharp’s leadership team, as well as a transition of roles and new support personnel firmwide.
  • “We are fortunate to have an abundance of leadership talent and experience across our national platform,” said David Sanford, Co-Founder and Chairman of the firm.
  • “The depth of our partners’ skills allows us to rotate these responsibilities and maintain very strong management, mentoring, and accountability firmwide.
  • The firm launched an Executive Representation Practice Group led by David Sanford, Russell Kornblith, Kate Mueting, and Janette Wipper.

Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending

Retrieved on: 
Monday, January 29, 2024
Sustainability, Environment, Finance, Environmental, Social and Governance (ESG), Banking, Small Business, Climate Change, Professional Services, Social responsibility, MDI, IA Financial Group, FDIC, National Cooperative Bank, NCB, CDFI, TIDAL, Amalgamated Bank, TBD, Commerce, Ecosystem, Climate change, Investment, Community development, Community Bank, Climate, Renewable energy

Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .

Key Points: 
  • Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .
  • According to the survey, 68% of business owners are concerned about the future impacts of climate change on their business.
  • Additionally, 82% of U.S. consumers are concerned about the impact of climate hazards on small businesses in the community.
  • Through the Sustainable Banking Initiative, Block has placed $25 million of deposits into community lenders that are providing loans to businesses and individuals focused on sustainability efforts.

Amigo Airsho to Return to Biggs Army Airfield in 2024

Retrieved on: 
Friday, January 26, 2024
Tourist Attractions, Entertainment, Family, Destinations, Aerospace, Events, Concerts, Travel, Manufacturing, Consumer, General Entertainment, Air, Defense, Transport, Other Defense, Senior, Community, Biggs Army Airfield, Woman, Volunteering, Aviation, Royal Canadian Air Force, Music, Snowbirds, Communication, Centennial, History, Aircraft, STEAM, Team leader, Ex officio member, Community development, Southwest University, Culinary Institute, News, Army, Airline

Today, it was announced that the Amigo Airsho will return to El Paso, specifically Biggs Army Airfield, on October 12th and 13th of 2024.

Key Points: 
  • Today, it was announced that the Amigo Airsho will return to El Paso, specifically Biggs Army Airfield, on October 12th and 13th of 2024.
  • “We are so very thrilled to bring the Amigo Airsho back to the region.
  • “The Canadian Forces Snowbirds are honoured to be taking part in the Amigo Airsho 2024.
  • “Getting the Snowbirds to commit to our bigger, bolder, and better 2024 Amigo Airsho is tremendous.

Leal Health Partners with the American Cancer Society to Host "Hope in the New Year" Webinar

Retrieved on: 
Monday, January 29, 2024
Hope, Patient, ACS, Knowledge, Cancer, Travel, Caregiver, Community development, Colorectal cancer, Leal, Medicine, American Cancer Society, Pharmaceutical industry

Emphasizing the pivotal role of patient empowerment, Tim highlighted the invaluable support offered by patient-centric organizations like Leal Health and the American Cancer Society.

Key Points: 
  • Emphasizing the pivotal role of patient empowerment, Tim highlighted the invaluable support offered by patient-centric organizations like Leal Health and the American Cancer Society.
  • The conversation also spotlighted the American Cancer Society's Hope Lodge program, an initiative that provides free lodging and support to cancer patients and their caregivers during treatment.
  • Together - with the American Cancer Society - we look forward to continuing to make strides against cancer and helping more patients in need."
  • "Our American Cancer Society Hope Lodges create a sense of community for cancer patients and their caregivers," said Chloe Lipman, Vice President of Community Development for the American Cancer Society.

Sunflower Bank, N.A. Announces 2023 Community Impact Year in Review

Retrieved on: 
Tuesday, January 23, 2024
Other Professional Services, Other Philanthropy, Finance, Banking, Professional Services, Philanthropy, Fund Raising, Foundation, Community, CRA, Investment, Common sunflower, Community Reinvestment Act, First, Community development, First National, Organization, Homelessness, Bank

recognizes the outstanding contributions of its employees and Community Affairs Office throughout 2023, marking another year of dedicated efforts towards fostering meaningful community impact .

Key Points: 
  • recognizes the outstanding contributions of its employees and Community Affairs Office throughout 2023, marking another year of dedicated efforts towards fostering meaningful community impact .
  • In its second year, the Community Affairs Office, led by regional community development officers, continued to play a pivotal role in advancing community volunteerism, investment, and community development lending across Arizona, Colorado, Kansas, New Mexico, Texas, and Washington.
  • Danny Spears, senior vice president and CRA director at Sunflower Bank, expressed, “In 2023, the collaborative community engagement initiatives of Sunflower Bank, First National 1870, and Guardian Mortgage resulted in exciting accomplishments, spanning employee volunteerism, Community Reinvestment Act (CRA)-related programs, community lending and investments, charitable giving, community partnerships, and empowering bank products.”
    Key points of community achievements in 2023 include:
    Volunteerism: Sunflower Bank, N.A.
  • Visit the Community Impact Stories pages of the Sunflower Bank and First National 1870 websites for articles highlighting notable examples of Sunflower Bank, N.A.’s volunteer and investment activities.

TD Bank Targets $20 Billion to Spark Economic Opportunities for Low- and Moderate-Income, Diverse and Underserved Communities across 15 States and Washington, D.C.

Retrieved on: 
Wednesday, January 24, 2024
DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Banking, Small Business, Professional Services, Philanthropy, Fund Raising, Foundation, Student, Community, Volksgemeinschaft, Toronto-Dominion Bank, Enterprise software, LMI, LGBTQ, Housing, Convenience, Community Reinvestment Act, Investment, Veteran, Community development, Charity (practice), NCRC, Organization, Payment card

When they flourish, we succeed,” said Leo Salom, President and CEO of TD Bank, America's Most Convenient Bank®.

Key Points: 
  • When they flourish, we succeed,” said Leo Salom, President and CEO of TD Bank, America's Most Convenient Bank®.
  • “One of our primary objectives as a purpose-driven bank is to help power economic opportunities that help low- and moderate-income (LMI), diverse and underserved communities achieve their financial goals.
  • TD Bank will create a lending Special Purpose Credit Program for small businesses that are registered Minority Business, women-owned or veteran-owned enterprises.
  • Engage and support Historically Black Colleges and Universities (HBCUs) through recruitment of students and alumni and enhancement of financial access.

West Potomac Capital and Ampersand Jointly Launch WPC Impact$ Cash Investment Product

Retrieved on: 
Wednesday, January 17, 2024
Banking, Professional Services, Philanthropy, Women, Small Business, Other Philanthropy, Men, Asset Management, Fund Raising, Consumer, Finance, WPC, Learning, FDIC, Diversity, Treasury, Partnership, Knowledge, Insurance, Credit union, Impact, Safety, Community development, Organization, Business Roundtable, Inclusion, Bank

West Potomac Capital LLC (WPC) and Ampersand, Inc. (Ampersand) jointly announce the launch of a groundbreaking social impact cash investment product – WPC Impact$.

Key Points: 
  • West Potomac Capital LLC (WPC) and Ampersand, Inc. (Ampersand) jointly announce the launch of a groundbreaking social impact cash investment product – WPC Impact$.
  • WPC and Ampersand have partnered on this product to provide best-in-class investment management and operational cash management services to depositors in the mission-driven financial services sector.
  • Kelly Brown, CEO of Ampersand, Inc., brings her pioneering expertise in the deposit aggregation sector to the co-leadership of WPC Impact$.
  • Ampersand's commitment to aligning depositor values with suitable financial institutions makes us the perfect partner for West Potomac Capital in this initiative.

The Advanced Leadership Institute and Carnegie Mellon University Announce The 2024 Cohort of The Executive Leadership Academy

Retrieved on: 
Friday, January 26, 2024
Chief security officer, CNX, PNC, Onome, Pittsburgh Regional Transit, Dollar Bank, University of Pittsburgh, Federal Railroad Administration, Kelly Russell, Corporation, Associate, Diversity, Duquesne Light Company, City, Community engagement, Mathematical sciences, University, Cohort, Carnegie Mellon University, Workplace, PPG, Mamadou, Medicine, Division, Culture, CMU, Community development, UPMC, Leadership Academy, Organization, Wilfrid Sellars, FedEx Ground, Management

PITTSBURGH, Jan. 26, 2024 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University Tepper School of Business (CMU) are pleased to announce the 2024 Executive Leadership Academy cohort.

Key Points: 
  • PITTSBURGH, Jan. 26, 2024 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University Tepper School of Business (CMU) are pleased to announce the 2024 Executive Leadership Academy cohort.
  • Since 2019, TALI has engaged CMU Tepper Executive Education to assist with developing and delivering content that educates and expands diverse leadership from Pittsburgh through TALI's signature program — the Executive Leadership Academy.
  • The 2024 Executive Leadership Academy cohort furthers our mission and vision," says Evan Frazier, President and CEO, The Advanced Leadership Institute.
  • TALI and CMU will welcome the new cohort at the 2024 Executive Leadership Academy Kick-Off Program and Reception on January 26, 2024.

KEYBANK PARTNERS WITH COMMUNITY LENDING INSTITUTIONS TO PROVIDE $50 MILLION IN ACCESS TO CAPITAL

Retrieved on: 
Tuesday, January 23, 2024
MDI, Native, CDFI, KeyBank, Social justice, CO, Quality of life, Community development

As a founding member of the Economic Opportunity Coalition , KeyBank is pioneering the support of placing deposits with urban and rural community lending institutions to further enhance their ability to serve historically under-resourced communities.

Key Points: 
  • As a founding member of the Economic Opportunity Coalition , KeyBank is pioneering the support of placing deposits with urban and rural community lending institutions to further enhance their ability to serve historically under-resourced communities.
  • This effort is one of many that symbolizes KeyBank's larger purpose: to help clients and communities thrive.
  • This support for Community Development Financial Institutions and Minority Depository Institutions are just the latest testament to KeyBank's enduring commitment to economic inclusion.
  • Prior to 2022, KeyBank deployed $93 million to CDFIs, including Cleveland Development Partnership, Impact Capital, and Rocky Mountain Reinvestment Corporation.