Associated Bank announces $2 billion community commitment

Green Bay, Wis.-based Associated Bank recently announced it will donate $2 billion to communities through 2026 as part of its Community Commitment Plan. .The commitment is the $41 billion bank's fourth since 2016, which has resulted in $9 billion for communities across Wisconsin, Minnesota and Illinois. .The plan includes:.$1 billion in residential mortgages and $9 million in down payment assistance for low-to-moderate income and minority borrowers and/or majority-minority areas. $600 million in community development loans and investments for affordable housing development, small business growth and lending to nonprofits supporting LMI populations. $377 million in loans for small businesses with $5 million or less in revenue; loans of less than $5 million in communities of color and LMI communities; and all SBA loans. $8 million in Community Reinvestment Act-qualified grants and/or in-kind donations. .Associated Bank President and CEO Andy Harmening said the commitment "demonstrates how we help all of our communities grow and thrive. We are proud to help create more vibrant, equitable and thriving communities across our footprint."