FHLBank Chicago Announces Capacity Building Grant Recipients

Katie ArnoldInvestors, Success Stories

Longtime Justine PETERSEN partner TheBANK of Edwardsville recently shared a $10,000 grant from the Federal Home Loan Bank (FHLB) of Chicago with Justine PETERSEN and three local non-profits. Earlier this month, TheBANK of Edwardsville was announced as the first recipient of the 2019 FHLB Community First Awards, which recognize outstanding achievements of FHLB Chicago’s member institutions and their local partners as they work together to strengthen their communities through affordable housing and economic development initiatives. The BANK won the award for their MyCommunity Home and Home Improvement loan programs, which assist individuals who seek to own or remodel a home but may not qualify for traditional banking products.

Along with the award, TheBANK also received a $10,000 grant to donate to local nonprofit organizations. TheBANK split the grant between four organizations – Justine PETERSEN, Beyond Housing, Community Action Agency of St. Louis County (CAASTLC) and Prosperity Connection. We at JP thank the TheBANK for not only this donation, but for the years of steadfast partnership in serving both sides of the river!