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New EPC Study Shows LMI Households Rely on Credit Card Rewards

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星期三, 五月 8, 2024

The study found the share of credit cards offering rewards is nearly identical across income and cardholders, regardless of income, earn rewards at virtually equal rates.

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The study found the share of credit cards offering rewards is nearly identical across income and cardholders, regardless of income, earn rewards at virtually equal rates.
For context, rewards earned by LMI cardholders amounts to a 17 cent per gallon annual discount at the gas pump – a tangible savings for these households.
“Americans of all incomes take advantage of credit card reward programs but the most financially vulnerable households depend on cashback rewards to help make ends meet,” EPC Executive Chairman Richard Hunt said.
The EPC study was conducted during the first quarter of 2024 among EPC members and represents more than half of the credit card market as measured by purchase volume.

Valley Bank Invested More than $3 Billion to Support Its Communities in 2023

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星期二, 五月 7, 2024

Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Building a Better Future” – the Bank’s 2023 Corporate Social Responsibility (CSR) Report highlighting its commitment to drive meaningful change through social economic and environmental initiatives.

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Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Building a Better Future” – the Bank’s 2023 Corporate Social Responsibility (CSR) Report highlighting its commitment to drive meaningful change through social economic and environmental initiatives.
Last year, Valley invested more than $3 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois.
In 2023, Valley launched the Workplace Giving program which doubles the impact of its associates’ donations to their favorite nonprofit organizations through a matching donation.
Through the bank’s Valley Cares program, Valley employees volunteered more than 13,500 service hours to support community partners and programs in the regions we serve.

Oracle Energy and Water Awards Recognize Utilities Leading in Industry Transformation and Innovation

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星期三, 五月 1, 2024

Cloud, Digital technology, BGE, Oracle Cloud, Electricity, Water, Oracle, Human, History, EV, Public utility, Portland General Electric, OCI, Baltimore Gas and Electric, Metre, PGE, LMI, JXN

AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Utilities are turning to modern digital technology as they face growing pressure to maintain grid reliability, improve customer service, and balance decarbonization goals. The annual Oracle Energy and Water Awards recognize some of the most progressive utilities in the world tackling these and other challenges. The 2024 winners include Exelon, JXN Water, and Portland General Electric.

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The annual Oracle Energy and Water Awards recognize some of the most progressive utilities in the world tackling these and other challenges.
"As the water and energy landscapes and customer needs rapidly evolve, it is paramount for utilities to implement solutions that effectively help them meet their ambitious goals," said Creighton Oyler, senior vice president and general manager, Oracle Energy and Water.
In tandem, Oracle Utilities solutions now provide an online customer portal and Oracle Customer Experience (CX) for Utilities manages call center service requests.
The Oracle Energy and Water Awards were presented in late March during the Oracle Energy and Water Customer Edge conference in Austin, Texas.

Tallarna Wins NYSERDA Award to Stimulate Actionable LMI Building Retrofits

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星期四, 四月 25, 2024

Tallarna , a climate tech and finance platform for sustainable impact, today announced that it has been awarded a $1 million contract by the New York State Energy Research and Development Authority (NYSERDA) to stimulate actionable building retrofits in the Low-to-Moderate Income (LMI) rental sector.

Key Points:

Tallarna , a climate tech and finance platform for sustainable impact, today announced that it has been awarded a $1 million contract by the New York State Energy Research and Development Authority (NYSERDA) to stimulate actionable building retrofits in the Low-to-Moderate Income (LMI) rental sector.
For one municipality, it has made a 3,000-home retrofit actionable, with the majority of the capital costs being privately financed.
However, with high retrofit costs and an exhausted senior debt capacity, many landlords struggle to fund the necessary building upgrades.
As such, we are delighted to be working with NYSERDA and our partners on scaling and actioning LMI retrofits.

RelPro Adds Census Tract Data to Sales Intelligence Solution

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星期三, 四月 24, 2024

CRA, Business development, Finance, Partnership, API, Intelligence, Census, Professional services, Minority, Community, LMI, Census tract, Retail

SHORT HILLS, N.J., April 24, 2024 /PRNewswire-PRWeb/ -- RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest innovation, integrating Census Tract data into its platform. This new data intelligence enables bankers to focus their local prospecting efforts with enhanced location filtering to identify businesses within designated Census Tracts.

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SHORT HILLS, N.J., April 24, 2024 /PRNewswire-PRWeb/ -- RelPro , the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest innovation, integrating Census Tract data into its platform.
This new data intelligence enables bankers to focus their local prospecting efforts with enhanced location filtering to identify businesses within designated Census Tracts.
"Our new Census Tract intelligence is a powerful addition to help banks meet the credit & other needs of their local businesses."
The integration of Census Tract data underscores our dedication to providing bankers with intelligence to drive impactful community engagement strategies."

KeyBank Receives 11th Consecutive "Outstanding" Rating from the OCC on Community Reinvestment Act Exam

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星期三, 四月 10, 2024

Corporation, CRA, Investment, Comptroller, Housing, Paycheck Protection Program, Partnership, PPP, Act, KeyBank, Community Reinvestment Act, Community development, Community, Quality of life, OCC, LMI, Bank

CLEVELAND, April 10, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) has earned its 11th consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) on its most recent Community Reinvestment Act (CRA) exam. KeyBank has maintained a rating of "Outstanding" from the OCC for 11 consecutive review periods since the Act's passage in 1977.

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CLEVELAND, April 10, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) has earned its 11th consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) on its most recent Community Reinvestment Act (CRA) exam .
KeyBank has maintained a rating of "Outstanding" from the OCC for 11 consecutive review periods since the Act's passage in 1977.
"Our long record of 'Outstanding' CRA ratings is a testament to our enduring commitment to being both a responsible bank and responsible citizen.
For more information about KeyBank's community investments, visit our corporate responsibility page: https://www.key.com/about/corporate-responsibility/cr-overview.html .

Life Molecular Imaging and SOFIE announce Neuraceq® availability in Cleveland

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星期五, 四月 5, 2024

Diagnosis, Brain, Dementia, Growth, Doctor of Pharmacy, LMI, Deficit spending, Partnership, Patient, PET, Research, Radiopharmaceutical, Drug development, FDA, Physician, Medical imaging

BOSTON, April 5, 2024 /PRNewswire/ -- Life Molecular Imaging (LMI) and SOFIE Biosciences (SOFIE), a national US manufacturer and developer of PET radiopharmaceuticals, announce that the companies have expanded their strategic partnership and licensing agreement to provide and distribute Neuraceq® out of SOFIE's radiopharmaceutical manufacturing site located in Cleveland, Ohio. The first doses have been made available on April 4, 2024.

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BOSTON, April 5, 2024 /PRNewswire/ -- Life Molecular Imaging (LMI) and SOFIE Biosciences (SOFIE), a national US manufacturer and developer of PET radiopharmaceuticals, announce that the companies have expanded their strategic partnership and licensing agreement to provide and distribute Neuraceq® out of SOFIE's radiopharmaceutical manufacturing site located in Cleveland, Ohio.
"By adding Cleveland to our distribution network, Life Molecular Imaging is thrilled to provide additional availability of Neuraceq®, an important imaging tool for the detection of beta-amyloid plaques in the brain.
Brian Schumer, PharmD, SOFIE COO states, "We are excited to bring Neuraceq® availability to another SOFIE network site.
SOFIE is committed to the further expansion and availability of LMI's Neuraceq® PET diagnostic tracer throughout our national PET manufacturing and dispensing network."

The Promise Homes Company Secures Credit Facility from Leading Global Money Center Bank

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星期四, 四月 4, 2024

Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, HOPE, LMI, Partnership, SFR, Promise, Senior, Strategy, Empowerment, Investment, Renewable energy

The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.

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The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.
The facility will refinance Promise Homes’ SFR portfolio of approximately 630 homes and will provide additional capital for the company to pursue its growth strategy.
The facility includes attractive terms to support the Promise Homes mission.
All Promise Homes residents who have enrolled in financial or credit counseling through Operation HOPE have improved their credit scores within 90 days of beginning the program, and as a result, receive rent credits through Promise Homes’ incentive program.

Nearly 75 Percent of First-time Homebuyers are Optimistic about the Current Housing Market, TD Bank Survey Finds

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星期三, 三月 13, 2024

Amid lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank, America's Most Convenient Bank ®.

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Amid lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank, America's Most Convenient Bank ®.
Additionally, more than three quarters (78%) of first-time homebuyers felt their personal financial situations are in stable condition in 2024.
This optimism has sprung into action with nearly all respondents (97%) having already taken steps in the homebuying process.
A similar survey was conducted from February 13 – March 1, 2023, among a sample of 1,007 first-time homebuyers.

WOODFOREST NATIONAL BANK HELPS HOGAR HISPANO, INC. COMBAT HOUSING CRISIS WITH $3 MILLION TO SUPPORT SINGLE-FAMILY AFFORDABLE HOUSING

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星期三, 四月 3, 2024

HHI, Woodforest National Bank, Community development, LMI, Senior, UnidosUS, Housing, Multimedia, Fund

THE WOODLANDS, Texas, April 3, 2024 /PRNewswire/ -- Woodforest National Bank ® recently provided $3 million as an early stage participant in the HHI Facility Pool I created by Hogar Hispano, Inc. (HHI), a 501(c)(3) corporation.

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THE WOODLANDS, Texas, April 3, 2024 /PRNewswire/ -- Woodforest National Bank ® recently provided $3 million as an early stage participant in the HHI Facility Pool I created by Hogar Hispano, Inc. (HHI), a 501(c)(3) corporation.
He continued, "By mobilizing the UnidosUS network HHI acquires and rehabilitates distressed single-family properties to create affordable housing and homeownership opportunities."
HHI believes we have a pathway to preserve affordable homeownership while simultaneously creating new affordable housing opportunities.
With partners like Woodforest National Bank we will be able to start to chip away at this chronic condition that is the lack of affordable housing," said Marcos Morales, Executive Director, Hogar Hispano, Inc.
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