LOW- TO MODERATE-INCOME COMMUNITIES

摘要

The National Community Reinvestment Coalition (NCRC) has applauded a $16.6 million commitment from Midland States Bank of Effingham, Illinois to low- and moderate-income and minority communities in its footprint. In a conciliation agreement with the St. Louis Equal Housing Opportunity Council brokered by the U.S. Department of Housing and Urban Development (HUD), Midland States Bank pledged $1.6 million in subsidies, marketing, education, and training for communities and $15 million in real estate loans to predominately minority communities in St. Louis and parts of Illinois. In addition, the bank committed to opening branches and a loan production office in minority neighborhoods in St. Louis and Joliet, Illinois.