Barrington Bank & Trust Invests one million dollars in the Chicago Community Loan Fund

Barrington Bank & Trust Invests one million dollars in the Chicago Community Loan Fund

Fri, 11 Jan, 2013 at 11:04
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Barrington Bank and Trust recently made a $1 million investment in the Chicago Community Loan Fund. Chicago Community Loan fund is very grateful for the investment, which will help to grow their impact in low- to moderate -income communities in Chicago and surrounding areas.

The Chicago Community Loan Fund is committed to helping create communities where people thrive in metropolitan Chicago by leveraging their investments in community development for the greatest impact possible. The organization remains Chicagoland-focused and dedicated to providing low-cost financing and technical assistance in the neighborhoods that need it most.
Thus far, they have closed 274 loans which total more than $72 million, leveraged an additional $875 million, created/preserved over 6,700 units of affordable or mixed-income housing, 2,000 jobs, and 2.4 million square feet of community facility space or commercial/retail real estate.

 

About Barrington Bank & Trust Company
Barrington Bank & Trust Co., N.A., and its branches including Hoffman Estates Community Bank, Hanover Park Community Bank and Palatine Bank & Trust have grown to more than $1 billion in assets.  Decisions regarding rates, products and loan approvals are made on-site by the local management team and deposits of the bank are reinvested back into the surrounding communities.  Barrington Bank & Trust is a Member FDIC and an Equal Housing Lender.  Visit the bank’s website at www.barringtonbank.com and “Like” us on Facebook by visiting www.facebook.com/barringtonbank.  You can also follow us on Twitter @BarringtonBank.

For more information please contact:
Brad Stetson
Chairman/CEO, Barrington Bank & Trust
847.842.4672

bstetson@barringtonbank.com

Barrington, IL – December 12, 2012