Associated Banc-Corp in Green Bay, Wis., has agreed to a new three-year community commitment plan that pledges $2 billion of support to underserved groups in its markets.
The $41 billion-asset company said in a press release that the agreement includes about $1 billion in residential mortgages and $9 million in down payment assistance.
It also includes $377 million in small business loans and $600 million in community development loans and investments to support affordable housing development, small business growth and nonprofit lending.
Finally, Associated pledged $8 million in Community Reinvestment Act-qualified grants and in-kind donations.
“Our renewed community commitment of $2 billion demonstrates how we help all of our communities grow and thrive,” Andy Harmening, Associated Bank’s President and CEO, said in the release. “We are proud to help create more vibrant, equitable and thriving communities across our footprint.”