Academic journal article ABA Banking Journal

ABA Salutes Award-Winning Banks, Bankers: 2016 Community Commitment Award Honorees Announced

Academic journal article ABA Banking Journal

ABA Salutes Award-Winning Banks, Bankers: 2016 Community Commitment Award Honorees Announced

Article excerpt

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Six banks were honored at the ABA Annual Convention in October with the 2016 Community Commitment Awards. Each year, the ABA Foundation honors banks for innovative, high-impact programs and projects that produce lasting results in the communities they serve. The winning banks made exceptional contributions to economic growth, community development and enhancing the quality of life within their market areas.

AFFORDABLE HOUSING: NATIONAL COOPERATIVE BANK, ARLINGTON, VA.

National Cooperative Bank's ROC USA Financing Program provides purchase financing for resident-owned manufactured home communities (ROCs). The program offers affordable long-term fixed rate financing and technical assistance to low- and moderate-income residents in the community, enabling them to buy and own homes.

COMMUNITY AND ECONOMIC DEVELOPMENT: TD BANK, BALTIMORE

TD Bank's East Baltimore Historic Program has helped improve market and neighborhood conditions in East Baltimore, Md. Since its inception, the initiative has invested more than $40 million to fund the redevelopment of 175 new or rehabilitated homes and consolidated more than 100 vacant lots.

FINANCIAL EDUCATION: TRIUMPH BANK, MEMPHIS, TENN.

Triumph Bank's Personal Financial Management with the Boy Scouts of America program empowers Boy Scouts from low- to moderate-income communities by providing them with in-depth, personal financial education. The program aims to improve the socioeconomic status of the Boy Scouts and their families by helping them make well-informed financial decisions.

NONTRADITIONAL BORROWER AND UNDERBANKED: THEBANK OF EDWARDSVILLE, FAIRMONT CITY, ILL

TheBANK of Edwardsville's Fairmont City Branch Program established the first full-service, bilingual banking center in the St. …

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