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August 10, 2021
German American Bank has made a donation of $60,000 to CDFI Friendly Bloomington, Inc. The check was presented to Executive Director Brian Payne by members of the German American Bank Bloomington team. Community Development Financial Institutions (CDFIs) share a common goal of expanding economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.
German American Regional President and CDFI Friendly Bloomington Board Member Cindy Kinnarney has played an integral role in advocating for Bloomington to become the nation’s first “CDFI Friendly” city. This approach has helped to draw financing to the unique challenges of smaller communities.
“We saw the need for local financing beyond what local banks could provide,” states Cindy. “Support for CDFI Friendly Bloomington, whether it be impactful monetary donations like this one or the donation of time and resources, helps provide lending services to low-income, low-wealth, or disadvantaged communities who otherwise would have difficulty accessing traditional lines of credit.”
German American Bank’s $60,000 donation will help fund CDFI Friendly Bloomington’s mission to identify opportunities and provide technical assistance, financing incentives, and gap financing for businesses, nonprofits, affordable housing and community projects in Bloomington, IN and the Indiana Uplands region.
Pictured: Dawn Craft, Wealth Advisory Group VP Portfolio Manager, Jennifer Enochs, Personal Banker, Everett Southern, VP Commercial Banking, Cindy Kinnarney, Regional President, Brian Payne, Executive Director of CFB, Mona Mellinger, VP Private Banking, Nick Shafer, Regional Senior VP Retail Banking, and Kaitlyn Pund, Customer Service Specialist.
About CDFI Friendly Bloomington (CFB)
CFB is a nonprofit that strengthens the communities of Bloomington, Monroe County and neighboring south central Indiana by increasing access to flexible, affordable capital for community development projects in the region. In 2018, Bloomington became the nation’s first “CDFI Friendly” city, an innovative new approach to help draw Community Development Financial Institution (CDFI) financing to smaller markets. For more information about CDFI Friendly Bloomington, Inc. visit cdfifriendlybtown.org.