People presenting awards
As a truly authentic community bank, we invest 77% more than the industry average, demonstrating our ongoing commitment to our community financing initiatives and neighborhood improvements.
Through small and mid-sized business loans, we are able to help companies start up, expand and provide new job opportunities.
Our lending to local companies exceeds the industry average by 312%
Providing Faith-Focused/Non-Profit Lending which means greater and new opportunities for community engagement, outlets and beneficial programs for all ages.
We are lending over $100 million to grant-making, civic, family & social services organizations, religious organizations and schools & education service organizations.
Through home lending we see many first-time buyers and buyers in neighborhoods that are seeing new growth. In addition, families are taking advantage of the equity in their homes to better their lives.
We fulfilled over $39 million in mortgages and home equity loans in 2019.
Our cooperative arrangements in the public works arena allow our communities to operate more effectively and focus on things such as safety, beautification, business retention, economic growth, improved infrastructure and capital improvements.
Our public works financing exceeds the industry average by 45%
In addition to investing deposits in our neighborhoods, our #stewardstrong initiatives include The Providence Bank & Trust Stewardship Program. Through it 10% of the Bank’s profits are donated annually to support the important work of local civic, non-profit and Christian organizations.
Over $6 million has be donated, in the past 15 years through our Stewardship Program.
Stewardship is so much more than financial giving. It’s about investing our heart, time and resources into our local businesses and families so they can take advantage of opportunities and realize their potential.
Over 1,000 employee hours were volunteered to assist 40+ organizations in 2019 alone.
To review how some of these statistics are reported by Mighty Deposit, click here.
STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.