At Justine PETERSEN, we believe that strong partnerships create lasting change. Our mission to expand financial access and promote economic empowerment is made possible by the support of dedicated lenders who share our vision. As Suzanne Agin from Stifel Bank remarked, “A rising tide lifts all boats.” Stifel Bank stands out as a leader in community investment, championing initiatives that uplift small businesses and drive sustainable growth.
“A Rising Tide Lifts All Boats”: Stifel Bank’s Commitment to Community Growth
Pictured Suzanne Agin (Left) and Chris Reichert (Right)
At Justine PETERSEN (JP), our mission to expand financial access and economic opportunities for underserved communities is made possible through the support of dedicated investors. Among them, Stifel Bank has emerged as a cornerstone partner, demonstrating a commitment to community development that goes beyond mere financial transactions. As we proudly recognize Stifel Bank as our Lender of the Year, we reflect on their profound impact and unwavering support in fostering small business growth and long-term prosperity.
Stifel Bank’s investment in Justine PETERSEN is anchored in a shared commitment to strengthening small businesses and promoting sustainable economic growth. Stifel recognized JP’s deep engagement with the local business community and its reputation as a nationally respected Community Development Financial Institution (CDFI) and micro-lender. This made Stifel’s support for JP a natural choice, as the organization has consistently delivered positive outcomes. While many institutions contribute to similar missions, JP’s sustainability, credibility, and long-standing impact set it apart.
Giving back is a core value at Stifel Bank, and its investment in JP reflects a broader commitment to corporate social responsibility. Stifel’s focus on empowering low- to moderate-income communities, facilitating financial education, and supporting nonprofit initiatives aligns seamlessly with the work of Justine PETERSEN. Through this collaboration, Stifel is not just funding small businesses; they are driving systemic economic change, creating jobs, and fostering financial empowerment for individuals and families.
Over the past decade, the partnership between Stifel Bank and Justine PETERSEN has yielded tangible benefits. Whether leveraging Aida Richardson’s expertise for the Contractor Loan Fund or ensuring the rapid distribution of funds through the Paycheck Protection Program (PPP) during the pandemic, Stifel has played a crucial role in sustaining local businesses. Beyond financial contributions, the bank has engaged in strategic discussions with JP’s leadership—Rob, Sheri, Galen, and the entire team—collaborating on innovative solutions to community challenges and enhancing economic opportunities.
For Stifel Bank, community reinvestment is not just a regulatory obligation; it is a fundamental aspect of its long-term business strategy. By prioritizing financial education, homeownership initiatives, nonprofit funding, and revitalization projects, Stifel continuously works to strengthen the economic fabric of the communities it serves. JP has been a valued partner in these efforts, offering insights, connections, and expertise that amplify the bank’s ability to make a lasting difference.
As Stifel Bank and Justine PETERSEN look to the future, our partnership is poised for further growth. From collaborating to overcome challenges for clients benefiting from the Contractor Loan Fund to responsively supporting the PPP rollout, both organizations recognize the importance of evolving to meet emerging needs. Stifel’s financial commitment has grown over the years, and the bank remains dedicated to identifying new opportunities to support small businesses and underserved communities.
For financial institutions considering community development investments, Stifel Bank’s partnership with Justine PETERSEN exemplifies the transformative potential of mission-driven lending. While regulatory requirements may influence some community reinvestment efforts, Stifel views its involvement as a strategic investment in the long-term well-being of the community. By intentionally engaging in community development, Stifel strengthens neighborhoods and businesses and fosters resilience and shared economic success. Stifel Bank’s commitment serves as a model for others aiming to make a meaningful impact.
At Justine PETERSEN, we are honored to celebrate Stifel Bank as our Lender of the Year. Their dedication to economic empowerment, financial education, and community development has left an indelible mark, and we look forward to continuing this impactful partnership for years to come.