FOR IMMEDIATE RELEASE
Byline Bank Supports the Oak Park River Forest Community Through an FHLB Chicago Grant
CHICAGO, IL – Byline Bank is announcing it has partnered with the Federal Home Loan Bank of Chicago (FHLBC) to provide a grant in the amount of $11,650 to Oak Park River Forest non-profit Beyond Hunger. Beyond Hunger’s services range from facilitating people’s access to benefits like SNAP (“food stamps”) and Medicare Savings, nutrition education and cooking classes, and summer meals for kids. Susie Goldschmidt, Byline Bank’s Oak Park River Forest Market President, sits on the board of directors for Beyond Hunger.
In August 2020, FHLBC announced the creation of a $14 million Targeted Impact Fund. This Fund was established to support relief for populations hardest-hit by the COVID-19 pandemic and promote racial equity in communities across Illinois and Wisconsin.
“I’m proud to be personally involved with Beyond Hunger, a critical organization in Oak Park and River Forest, and am pleased Byline was able to work with FHLBC to provide this grant,” said Susie Goldschmidt, Market President, Oak Park River Forest, of Byline Bank. “We’re proud of Byline’s extensive involvement within this community and look forward to finding additional and continued ways to support the customers and businesses of Oak Park and River Forest.”
Byline is privileged to be a part of the Oak Park River Forest (OPRF) community for more than 20 years and in 2020 has committed over $65,000 to organizations in Oak Park and River Forest. As a local community bank, Byline has established extremely strong and loyal relationships with its customers, and several of the Bank’s employees are deeply involved with and serve on boards for various OPRF organizations in addition to Beyond Hunger, including Sarah’s Inn, Hephzibah, numerous schools and faith-based organizations, and Oak-Leyden Developmental Services, further demonstrating Byline’s commitment to the community.
Byline has also supported many local businesses during the coronavirus pandemic by working with them to obtain loans through the Paycheck Protection Program. At a critical time for struggling businesses, Byline was pleased to facilitate access to capital for them to help keep their doors open.
Earlier this year, Byline Bank’s Commercial Real Estate Group provided $12.8 million in financing to The Oak Park Residence Corporation (OPRC) for its acquisition of a portfolio of affordable housing properties located on the east side of Oak Park, bordering Chicago’s Austin neighborhood. This project will provide key access to affordable housing and continue to revitalize the Austin neighborhood as well as other neighborhoods surrounding Oak Park.
About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $6.4 billion in assets and operates more than 50 full-service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top five Small Business Administration lenders in the United States. For more information, visit www.bylinebank.com
For more information on Beyond Hunger, please visit https://www.gobeyondhunger.org/.
For more information on the FHLBC Targeted Impact Fund, please visit FHLBC’s COVID-19 Resource Center.
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