EQ2

PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE

Retrieved on: 
Thursday, March 28, 2024
Health, Organization, LISC, Growth, Veteran, PNC Financial Services, Education, PNC, Woman, Investment, EQ2, Local Initiatives Support Corporation, Renewable energy

NEW YORK, March 28, 2024 /PRNewswire/ -- PNC Bank has invested $20 million in the Local Initiatives Support Corporation (LISC) to expand the organization's efforts to boost economic opportunity and growth in thousands of rural counties as well as across 38 metro areas in the United States.

Key Points: 
  • PNC Bank's funding includes both a 10-year, $10 million Equity Equivalent (EQ2) investment as well as a more flexible $10 million three-year term loan.
  • "With this 10-year commitment, PNC remains laser-focused on our efforts to strategically deploy low-cost capital into transformative initiatives that advance economic empowerment and prosperity where it's needed the most."
  • PNC Bank and LISC have collaborated on a number of significant investments in recent years spanning retail, health, education, and job training centers, as well as quality affordable housing and services.
  • "With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future," said Michael Pugh, LISC CEO.

Ameriprise Financial, Along with its Employees and Advisors, Donated More than $16.5 Million in 2023

Retrieved on: 
Monday, February 12, 2024
Banking, Personal Finance, Social Services, Professional Services, Philanthropy, Environmental, Social and Governance (ESG), Other Philanthropy, DEI (Diversity, Equity and Inclusion), Asset Management, Fund Raising, Finance, CRA, Head, Feeding America, Community development, The Bridge, Community development financial institution, Food bank, Boston, Emergency shelter, Education, CDFI, Amnesia, Technical support, FSB, Food, Minneapolis–Saint Paul, Volunteering, Homelessness, Oregon Food Bank, Hunger, Clothing, Organization, Employment, Brooklyn Museum, EQ2, Case management, Community, Face, Web service, Partnership

Ameriprise Financial, Inc. (NYSE: AMP) and its employees and advisors donated more than $16.5 million through corporate grants, individual donations and gift matching in 2023.

Key Points: 
  • Ameriprise Financial, Inc. (NYSE: AMP) and its employees and advisors donated more than $16.5 million through corporate grants, individual donations and gift matching in 2023.
  • Throughout the year, Ameriprise employees and advisors logged nearly 63,000 volunteer hours supporting causes and organizations that help build strong communities.
  • In addition, the company continued its longstanding partnership with Feeding America, providing more than 124 million meals to people facing hunger.
  • Ameriprise Bank also provided liquidity to the Twin Cities area residential mortgage market with a $10 million investment in a low and moderate-income mortgage-backed security in 2023.

F.N.B. Corporation Commits $1.1 Million to Hill District Federal Credit Union

Retrieved on: 
Monday, May 15, 2023
Partnership, Housing, MDI, Education, Quality of life, Centre Avenue, FNB Corporation, New Markets Tax Credit Program, First National Bank, Investment, Business Line, Economic development, Knowledge, FNB, NYSE, EQ2, Management, Renewable energy

PITTSBURGH, May 15, 2023 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank (FNB), announced a $1.1 million investment in the Hill District Federal Credit Union (HDFCU) that will empower the Minority Depository Institution's (MDI) mission to deliver vital financial services and resources to a historically underserved community.

Key Points: 
  • Corporation (NYSE: FNB), the holding company for First National Bank (FNB), announced a $1.1 million investment in the Hill District Federal Credit Union (HDFCU) that will empower the Minority Depository Institution's (MDI) mission to deliver vital financial services and resources to a historically underserved community.
  • The Company is injecting a total of more than $200 million in loans, investments and grants to foster revitalization in the Hill District, which is the site of its new corporate headquarters, FNB Financial Center.
  • The HDFCU also plans to turn 5,000 square feet of vacant space into four affordable apartments for Hill District residents.
  • FNB's contributions to the Hill District highlight its guiding mission to improve the quality of life in all of its service areas.

Ameriprise Financial, Along with its Employees and Advisors, Gave More than $17.4 Million in Community Donations in 2022

Retrieved on: 
Monday, January 30, 2023
Professional Services, Philanthropy, Environmental, Social and Governance (ESG), Insurance, Other Philanthropy, Finance, Organization, Community Reinvestment Act, CRA, Minneapolis–Saint Paul, House, Human, Clothing, Investment, Feeding America, NYSE, Head, Social justice, Housing, Breaking Ground, Workforce, EQ2, Food, Hurricane Ian, NOAH, New Yorker, Partnership, Education, Mustard seed, Bank, Community, Economic development, FSB, Management, Aeon, Ameriprise Financial, Central Florida

Ameriprise Financial, Inc. (NYSE: AMP), along with its employees and advisors, donated more than $17.4 million through corporate and individual donations and gift matching in 2022.

Key Points: 
  • Ameriprise Financial, Inc. (NYSE: AMP), along with its employees and advisors, donated more than $17.4 million through corporate and individual donations and gift matching in 2022.
  • Throughout the year, Ameriprise employees and advisors supported causes they care about by logging nearly 64,000 volunteer hours.
  • In addition, the company deepened its 13-year partnership with Feeding America, through which more than 115 million meals have been provided to people in need.
  • “Nonprofits faced a fresh set of challenges in 2022 – notably inflation, supply chain issues and a tight labor market.

Semtech’s BlueRiver® Platform Utilized By Panasonic Connect For SDVoE™ Display Products

Retrieved on: 
Wednesday, January 25, 2023
Semiconductor, IOT (Internet of Things), Technology, Audio, Video, Software, Networks, Internet, Cloud, AV, Internet of things, ISE, SDM, SQ1, Melissa, Semtech, EQ2, Intel, Education, Multimedia, Corporation, Google Cloud Connect, Video game, Cassette tape, Panasonic

Semtech Corporation (Nasdaq: SMTC ), a high-performance semiconductor, Internet of Things (IoT) systems and Cloud connectivity service provider, announced a collaboration with Panasonic Connect for display products integrated with Semtech’s BlueRiver® platform.

Key Points: 
  • Semtech Corporation (Nasdaq: SMTC ), a high-performance semiconductor, Internet of Things (IoT) systems and Cloud connectivity service provider, announced a collaboration with Panasonic Connect for display products integrated with Semtech’s BlueRiver® platform.
  • With BlueRiver, the new Panasonic Connect display products are now able to support Software Defined Video over Ethernet (SDVoE™) and are ideal for applications in business, education and esports.
  • The growing number of display and projector options from Panasonic will support the SDM modules that include Semtech’s BlueRiver chipset.
  • “These modules allow system integrators and designers to specify solutions that match the powerful and sleek display products from Panasonic with the unmatched performance of the SDVoE platform powered by Semtech’s BlueRiver technology.”
    For more information on Semtech’s BlueRiver platform, please visit here .

Tina Chan Reich, Leader in Credit and Risk Management for Small and Midsize Businesses, Joins Bill.com Board of Directors

Retrieved on: 
Monday, June 27, 2022
Technology, Finance, Fintech, Accounting, Professional Services, Software, Small Business, Internet, Data Analytics, Data Management, Super Mario, Massachusetts Institute of Technology, Science, CEO, Small business, EQ2, Credit, Industry, Risk, Citibank, Economics, Invoice2go, Credibility, N.U.D.E.@ Natural Ultimate Digital Experiment, Woman, Founder, Technology, NYSE, CA, Divvy, Risk management, Head, Solution, Science and technology in Asia, Time, Board, American Express, Multimedia, AP, Management, Bank, Theorem

Tina has a shared passion for serving SMBs, having spent much of her career leveraging analytics and data science to develop products that empower SMBs to flourish.

Key Points: 
  • Tina has a shared passion for serving SMBs, having spent much of her career leveraging analytics and data science to develop products that empower SMBs to flourish.
  • I am looking forward to working with Tina as we enhance and extend the value of our platform for SMBs in the future.
  • Prior to Theorem, Ms. Reich was Senior Vice President and Chief Credit Officer for Global Financing, Payments and Digital Experiences for American Express.
  • Bill.com (NYSE: BILL) is a leading provider of cloud-based software that simplifies, digitizes, and automates financial operations for small and midsize businesses (SMBs).

FNB Announces $2.5 Million Commitment to Black Tech Nation Ventures

Retrieved on: 
Tuesday, May 17, 2022
High Point, Piedmont Triad, Small business, Education, Software, Company, Standard, Midcap, FNB, Housing, First National Bank, New, Multimedia, Investment, VC, Insurance, Government, F.N.B. Corporation, Solution, EQ2, Review, S&P Global Ratings, ABEL, Industry, Inclusion, Partnership, Urban Redevelopment Authority of Pittsburgh, Global, GICS, ReNew Power, Technology, Community development, Economic development, Corporation, Community development financial institution, Founder, Diversity, Winston-Salem, North Carolina, Growth, NYSE, District, Cryptocurrency, Renewable energy, Security (finance), Black

PITTSBURGH, May 17, 2022 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced it is making a $2.5 million equity commitment to Black Tech Nation Ventures (BTN.vc), a majority Black-owned venture capital fund based in Pittsburgh, PA. BTN.vc provides funding and resources for Black-led technology startups and firms with diverse founders and teams, with a goal of enabling wealth creation for underrepresented entrepreneurs in FNB's seven-state footprint and across the United States.

Key Points: 
  • "Black Tech Nation Ventures has a proven leadership team and a mission that aligns with our own focus on providing resources for diverse communities," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B.
  • In addition to funding, BTN.vc connects entrepreneurs with education and consultative resources provided by its sister company, Black Tech Nation , a national community of Black technology professionals, innovators, entrepreneurs and industry partners.
  • Kelauni Jasmyn, a BTN.vc Founding Partner and the Founder and Chief Executive Officer of Black Tech Nation, said, "We are happy to be in partnership with FNB and appreciate their commitment to support Black Tech Nation Ventures' mission to democratize access to VC capital and generate wealth for marginalized communities.
  • We look forward to working with FNB to create a substantial impact in tech and VC."

Umpqua Bank Launches Small Business Empowerment Program With $2 Million To Support Minority, Women Entrepreneurs

Retrieved on: 
Wednesday, February 2, 2022
Bloomberg Businessweek, The New York Times, Small business, Veteran, Program, State, Umpqua Holdings Corporation, Technology, COVID-19, Partnership, Umpqua Bank Plaza, FORTUNE, Multimedia, Idas, IDA, Organization, The Wall Street Journal, Learning management system, LMS, Education, Equity, American City Business Journals, Wildfire, UMPQ, CNBC, NASDAQ, Woman, Community development, MESO, Business, Individual development account, EQ2, PPP, Community Development Financial Institutions Fund, Entrepreneurship, BIPOC, San Francisco Bay Area, Paycheck Protection Program, Fast Company, Management, Renewable energy, Property management, Bank

Umpqua Bank's Small Business Empowerment Program builds on existing private and public partnerships, including strategic initiatives with numerous business-focused nonprofits and Community Development Financial Institutions (CDFIs), to advance economic equality and opportunity for entrepreneurs in historically underserved communities.

Key Points: 
  • Umpqua Bank's Small Business Empowerment Program builds on existing private and public partnerships, including strategic initiatives with numerous business-focused nonprofits and Community Development Financial Institutions (CDFIs), to advance economic equality and opportunity for entrepreneurs in historically underserved communities.
  • "We're really pleased to announce the Umpqua Bank Small Business Empowerment Program and the strategic partnerships with these terrific organizations.
  • Umpqua, through the Umpqua Bank Charitable Foundation, is establishing an Umpqua Bank Managed Loan Fund, enabling women and minority entrepreneurs in Umpqua's footprint to access matched funds and obtain 0% interest, crowdfunded loans.
  • Umpqua's Small Business Empowerment Program is just the latest Umpqua initiative to advance entrepreneurship and business ownership among minorities and women.