Bank customers, teammates and community
members come together to award donations to
10 community-focused nonprofit organizations.
HOUSTON and TUPELO,
Miss., Jan. 17, 2024 /PRNewswire/ -- In the
spirit of holiday giving, Cadence Bank (NYSE: CADE), through the
Cadence Bank Foundation, proudly donated a total of $150,000 to 10 nonprofit organizations who
participated in the annual Cadence Cares Holiday Program. Bank
customers, teammates and community members voted for their
nonprofit of choice with the organizations splitting the
$150,000 based on the number of votes
each received.
The Cadence Cares Holiday Program aims to empower individuals to
positively impact the causes that matter most to them. Over 6,500
people voted throughout the bank's nine-state footprint. The
primary purpose of each of the 10 participating nonprofits is to
help improve the circumstances for low- and moderate-income
families and individuals and/or revitalize neighborhoods. All of
the organizations also have active programs in each of the nine
states where Cadence Bank operates.
These organizations will receive a donation from The Cadence
Bank Foundation in January
2024.
- Boys & Girls Clubs of America – $29,000: With more than 5,200 Clubs across
the county, Boys & Girls Clubs of America is the nation's
leading youth-serving organization, providing millions of kids with
opportunities for a great future. Clubs give kids safe places,
caring mentors and life-shaping programs that promote academic
success, healthy lifestyles and leadership skills.
- Communities Unlimited Inc. – $7,000: Communities Unlimited teaches the
essential fundamentals all small business owners need to know such
as evaluating business models, bookkeeping, managing cash flow and
securing small business financing.
- Dispensary of Hope – $10,000: Low-income, uninsured Americans are
struggling to put food on the table and often must choose between
food and the medication that could save their lives. Dispensary of
Hope gives hundreds of thousands of Americans access to free
medication.
- DreamSpring – $3,500: Its
mission is creating economic equity by providing small business
owners in need with access to capital, encouragement and resources.
For over 30 years, DreamSpring has provided more than $538 million in small business loans to 32,000
small business owners, who have then created 65,000 jobs and
vitalized communities in 27 states.
- Family Promise – $11,000: Family Promise works to ensure every
child has a place to call home and is leading the effort to end
homelessness for families with children. It offers homelessness
prevention programs, emergency shelter, housing assistance and
stabilization support.
- Feeding America – $27,000: Feeding America is the largest
hunger relief organization in the US and partners with 200 food
banks that serve the United
States. $1 helps them to
provide 10 meals and, with this gift, they will be able to provide
270,000 meals to those facing hunger.
- Goodwill Industries International – $4,000: In 2022, Goodwill served over 2.1
million individuals worldwide and helped nearly 129,000 people
train for careers in industries such as banking, IT and health
care. It provides supportive services like English language
training and access to transportation and childcare, which are
things clients need to be successful.
- Jump$tart Coalition – $3,500: As a nonprofit organization of
national partners and state affiliates, the organization shares a
commitment to financial education. The Jump$tart National Educator
Conference brings together K-12 classroom teachers from across the
country for learning and networking as well as access to new
resources.
- Salvation Army – $40,000: Assisting approximately 25 million
Americans annually, the organization helps clients navigate food
insecurity, unexpected job loss, eviction and devastating natural
disasters. The Salvation Army works to help families break the
cycle of poverty.
- USA Cares –
$15,000: The organization
provides military veterans, active service members and their
families with emergency financial assistance and post-service
skills training. USA Cares works
to keep families together, safe and housed by assisting those
facing eviction/foreclosure, car repossession, utility shut-offs
and food scarcity. Helping families during critical times of need
helps create a foundation for long-term stability that proactively
addresses the epidemic of veteran suicide.
"The Cadence Cares Holiday Program is important because it
provides an opportunity for our customers, teammates and community
members to learn about the important work many nonprofit
organizations do in our communities and makes them active
participants in supporting their missions," said Dan Rollins chairman and CEO at Cadence Bank.
"This initiative aligns with our commitment to creating a
meaningful difference in the communities we call home."
Rollins continued, "We thank everyone who took the time to vote
and know these donations will positively impact the lives of the
individuals and families touched by these organizations. 'Tis the
reason for the season, after all!"
To learn more about Cadence Bank and its community outreach,
visit CadenceBank.com.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a
leading regional banking franchise with approximately $50 billion in assets and over 350 branch
locations across the South and Texas. Cadence provides consumers, businesses
and corporations with a full range of innovative banking and
financial solutions. Services and products include consumer
banking, consumer loans, mortgages, home equity lines and loans,
credit cards, commercial and business banking, treasury management,
specialized lending, asset-based lending, commercial real estate,
equipment financing, correspondent banking, SBA lending, foreign
exchange, wealth management, investment and trust services,
financial planning and retirement plan management. Cadence is
committed to a culture of respect, diversity, inclusion and
belonging in both its workplace and communities. Cadence Bank,
Member FDIC. Equal Housing Lender.
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SOURCE Cadence Bank