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MADISON, Wis. — Park Bank, Madison’s longest-serving community bank, in partnership with the Federal Home Loan Bank of Chicago, is providing $40,000 in grants to Dane County nonprofits through the FHLB Targeted Impact Fund. This fund is dedicated to providing relief to the populations hardest-hit by COVID-19 and promoting equity and opportunity for communities of color, and serves as a complement to Park Bank’s existing financial commitments to nonprofit organizations totaling over half a million dollars this year.

“Park Bank has long been dedicated to creating positive impact in Dane County, and has sharpened its focus on promoting diversity, equity, and inclusion in order to create an even more vibrant community where everyone has opportunities to achieve,” said Jim Hegenbarth, President of Park Bank. “Through these grants, Park Bank is able to provide additional support to nonprofits that focus on creating an equitable community.”

The organizations receiving these funds are:

• The Nehemiah Center for Urban Leadership, which works to empower African American individuals, families, and communities. The funds from this donation will go specifically toward the African American Entrepreneur Loan fund, which offers small loans to entrepreneurs looking to start or expand their business;
• The Foundation for Black Women’s Wellness, which is focused on eliminating health disparities and other barriers impacting the lives of women and girls of African descent;
• The Urban League of Greater Madison, whose mission is to ensure that African Americans and other members are educated, employed, and empowered to live well, advance professionally, and contribute to the common good. The funds from this donation will go specifically toward the Home Ownership Program to benefit low-income families of color;
• Centro Hispano of Dane County, whose mission is to empower youth, strengthen families, and engage the community in order to make Dane County a community where Latino families can aspire upward;
• Maydm, which provides girls and youth of color with skill-based training for the technology sector.

“We are excited to partner with Park Bank to advance the health of Black Women and families in Dane County and at such a critical time,” said Lisa Peyton-Caire, CEO and President of the Foundation for Black Women’s Wellness. “The work to shift our local narrative from disparity and inequity to opportunity and prosperity for all families begins with powerful partnerships and deep collaboration, and we are grateful to have Park Bank join us in our efforts.” 

With convenient locations throughout Dane County, Park Bank blends financial technology with individualized, proactive service in order to help clients achieve their goals. From individuals and families to nonprofits and businesses, Park Bank has over 50 years of experience bringing clients’ ambition to fruition. As the longest-serving Madison-based community bank, Park Bank is driven to create an ever-stronger community through collaboration with nonprofit organizations focused on diversity and inclusion, paid volunteer time for associates to give their time and energy to causes that matter to them, and deepening charitable impact in order to help create positive change in the communities Park serves. Learn more at ParkBank.com or call 608.278.2801 for more information.