The American Bankers Association Foundation has recognized Resource Bank, N.A. for its noteworthy corporate social responsibility with an Honorable Mention in the 2016 Community Commitment Awards. The awards were given to banks for their efforts in categories ranging from affordable housing to community and economic development.
The selection committee, made up of national experts in each category, chose winners based on the creativity and thoughtfulness of the bank program. Each program must embody the ideals of corporate social responsibility and demonstrate success in measurable terms.
Resource Bank received the honorable mention in the Community & Economic Development category for its unique Be A Farmer loan program. The program was created to help new farmers get established with what they need to make their agricultural dreams a reality and help launch their own farm business. The goal is to combat the long-term economic impact of an aging farming population by encouraging young people to enter into farming now. Richard Katz, President of Resource Bank, said, “We are very proud of the support for our communities that we have tried to maintain since the bank’s inception in 1901. We feel that the Be A Farmer loan program is an example of continuing innovation in our commitment to the development of DeKalb County and the surrounding areas.”
“This year’s honorees demonstrate the impressive and impactful work of America’s banks,” said Rob Nichols, ABA’s president and CEO. “Their programs highlight an on-going commitment to building thriving, sustainable communities and to enhancing the quality of life for the customers they serve.”
The ABA Foundation Community Commitment Awards were held on October 16 and 18. For more information on the Be A Farmer loan program, please call Resource Bank at (815) 756-6321.
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
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