Progressive Bank employees give generously of their time each year to get involved in community activities which benefit people of all ages in our communities. Our employees teach financial education classes at local low-/moderate-income schools and community centers. They lend their expertise to non-profit organizations in their neighborhoods by serving on boards and committees and partnering with these agencies to provide education, such as first-time home buyer classes, to the community. We are proud to be an active part of the communities we call home.
Congress enacted the Community Reinvestment Act (CRA) in 1977. It encourages banks to seek out innovative and nontraditional funding sources and opportunities to meet the credit needs of the communities we serve. The primary focus of CRA is to provide a meaningful and lasting impact on low- and moderate-income families by ensuring that their credit needs are actively addressed and met.
Progressive Bank strives to meet the objectives of the CRA. We have programs which address the lending and housing needs of low- to moderate-income people in our markets. In addition, Progressive provides lending support to local manufacturers, farmers and agri-business people, and other small businesses, all of which are the backbone of our local economies . We support the community through economic development and community financing organizations as well.
Our Community Reinvestment Act Public File is available for viewing at any Progressive Bank Financial Center.