Bank directs immediate funds for medical supplies, emergency meals, and grants to small businesses
EDINA, Minn. (April 15, 2020) – Minnesota Bank & Trust announced today it will commit $100,000 to support four local community initiatives related to Minnesota’s COVID-19 crisis. The Minnesota-based bank will make significant contributions to the Minnesota Disaster Recovery Fund (MDRF) for Coronavirus, TreeHouse, YMCA Twin Cities and Second Harvest Heartland. This latest community outreach follows earlier announcements about the bank’s comprehensive COVID-19 response measures centered around financial relief for clients and employee safety.
“The needs of our local communities are at an all-time high,” expressed Stephen Bishop, President & CEO of Minnesota Bank & Trust. “Our employees, clients, and state-wide communities continue to align and help one another during this crisis. It has solidified who we are in the Twin Cities. On behalf of Minnesota Bank & Trust, I am proud to support these important community relief efforts.”
$25,000 for Minnesota Disaster Recovery Fund (MDRF) for Coronavirus
Minnesota Bank & Trust will contribute $25,000 to the Minnesota Disaster Recovery Fund (MDRF) for Coronavirus through the Minnesota Council on Foundations. The fund provides support for community needs as a direct result of the coronavirus pandemic. Funds contributed by Minnesota Bank & Trust and other local businesses will be used for grants, allowing more local community foundations, Minnesota Initiative Foundations, and other intermediaries who have the knowledge to address specific needs in their communities the opportunity to bridge this economic downturn.
“In times of need, the generosity of Minnesotans can be counted on to support community-led solutions for those who are vulnerable and at-risk in our state,” said Eric J. Jolly, Ph.D., president and CEO of the Foundation.
$25,000 for TreeHouse
As the COVID-19 crisis persists, the need for mental health support is increasing. Minnesota Bank & Trust will donate $25,000 for immediate support for TreeHouse. The organization focuses on helping end hopelessness among teens, offering programs, resources and mentorship opportunities to encourage stability, provide a safe environment and to create a foundation of hope and value in their lives.
“Now more than ever with the current environment of social isolation happening across the nation, TreeHouse’s programs are crucial for our teens.” said Tim Clark, President of TreeHouse. “We thank Minnesota Bank & Trust for their generous donation that will be used to fund these programs.”
$25,000 for YMCA Twin Cities - Y Community Relief Fund
Minnesota Bank & Trust will provide $25,000 for immediate support for YMCA Twin Cities for the Y Community Relief Fund. The organization is dedicated to strengthening communities through youth development, healthy living and social responsibility. Funding provided by Minnesota Bank & Trust will support the YMCA’s COVID-19 response efforts, including: childcare efforts, including expanded opportunities for families of essential workers, wellness calls to check on and connect to older adults, virtual exercise and wellbeing programs, housing efforts to ensure that everyone in our community has a safe space to shelter in place and stay healthy, food and basic needs distribution efforts, transforming YMCA branches into Community Resource Hubs, and youth development efforts to ensure that young people are still able to learn and connect with one another.
“We are grateful for the support of Minnesota Bank & Trust as we seek to ensure all in our community have the support they need during this very difficult time,” said Glen Gunderson, president and CEO of the YMCA of the Greater Twin Cities.
$25,000 for Second Harvest Heartland
Minnesota Bank & Trust will give $25,000 to Second Harvest Heartland. The organization provides hunger-relief programs and support for our local communities. In addition to using their resources to serve food they collect, Second Harvest Heartland has joined forces with restaurants and caterers to launch the first Minnesota Central Kitchen (MCK) to distribute prepared meals. Second Harvest Heartland will provide the funding needed to provide the food for the kitchen as well as the labor needed. Funding donated by Minnesota Bank & Trust will be used towards providing 75,000 meals to feed those in need in our local communities.
“The hunger-relief network is experiencing a dramatic increase in need for food assistance in this time of crisis,” shares Allison O’Toole, CEO of Second Harvest Heartland. “We are ramping up our efforts to meet this growing need and are so thankful for community partners like Minnesota Bank & Trust. Their donation of 75,000 meals will help feed those in our community living with hunger.”
Minnesota Bank & Trust Part of $1.2 Million Community Outreach Initiative
Heartland Financial USA, Inc., the holding company of Minnesota Bank & Trust and 10 other regional banks across the United States, is contributing a total of $1.2 million to COVID-19 community relief programs. The outreach is directed at supporting families and businesses across 12 states impacted by the crisis.
Banking Client Relief Actions
Since the beginning of the crisis, Minnesota Bank & Trust has enacted a multitude of programs aimed at providing financial relief for consumer, small business, and commercial clients. As an SBA-certified lender, Minnesota Bank & Trust is also working with business clients to utilize available CARES Act funding, such as the Paycheck Protection Program, Emergency Economic Injury Disaster Loans, and other programs. Please visit our COVID-19 Resource Center on our website for frequent updates.
Keeping Employees Safe
Continuing to deliver excellent service to our customers and communities also means taking steps to protect the health and safety of our employees. We have:
- directed all employees who can work from home to do so.
- deep cleaned our locations to reduce the spread of germs.
- committed to pay all employees at 100% through April 30, 2020. Employees who need time off because of illness, to care for a sick family member or to provide child care due to school or day care closings will be paid at their full rate.
- restricted business travel, are monitoring personal travel, and cancelled all in-person events and meetings.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc. is a diversified financial services company with assets of $13.2 billion. The company provides banking, mortgage, private client, investment and insurance services to individuals and businesses. Heartland currently has 114 banking locations serving 83 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.
News Minnesota Bank & Trust Contributes $100,000 for COVID-19 Community Relief Efforts in Minnesota