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Byline Bank Donates $30,000 to Its Local Communities on Giving Tuesday
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Byline Bank (BYLN) to Donate $30,000 for Giving Tuesday Philanthropic Initiatives
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CHICAGO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- In honor of Giving Tuesday, and as part of its ongoing commitment to helping communities grow and thrive, Byline Bank announced it will be distributing $30,000 to fund philanthropic initiatives in its neighborhoods, including a $5,000 donation to three local charities.
“We believe that supporting our communities is about fostering an ecosystem where both small businesses and local charities can thrive, creating a ripple effect of hope, goodwill and economic opportunity,” said Megan Biggam, Executive Vice President and Head of Retail Banking at Byline Bank. “Every dollar we contribute is a seed for community growth; our Giving Tuesday contribution represents our dedication to our vibrant communities in Illinois and the small businesses that help them grow.”
The following organizations will each receive a $5,000 donation from Byline this Giving Tuesday:
The Cook County Health Foundation in Evanston helps expand and improve health care for the most vulnerable in the Cook County public health system through education, fundraising and advocacy.
The Kendall County Community Food Pantry in Oswego-Yorkville provides food, household goods, personal care items and other necessities to neighbors in need in Kendall County.
An additional $15,000 will be distributed by Byline Bank branches directly to community nonprofits or in support of charitable activities such as coordinating meals and buying winter coats for those in need.
“The need for quality healthcare among our most vulnerable populations is more than most realize; every day nearly 2,000 people arrive at Cook County Health in need of care, and over 80% are from communities of color,” said Joseph P. Flanagan, board chairman for the Cook County Health Foundation. “With only 3% of the health system’s budget supported through county tax dollars, the need for private support to help sustain and expand high-quality, accessible care is great. We appreciate Byline's support to amplify our mission of making quality and responsive healthcare available for all.”
These donations are part of Byline Bank’s overarching commitment to community enrichment, which as of December 2022 includes more than $680,000 in community grants, donations and sponsorships toward financing for affordable housing initiatives, education and financial literacy, health and welfare, and small business and workforce development. Byline has also prioritized more than $60 million in community development investments and $70 million in community development loans.
For more information on Byline Bank’s philanthropic activities, please visit www.bylinebank.com.
What is Byline Bank's (BYLN) donation for Giving Tuesday?
Byline Bank (BYLN) announced a $30,000 donation to fund philanthropic initiatives in its neighborhoods, including a $5,000 donation to three local charities.
What is the purpose of Byline Bank's (BYLN) donation?
Byline Bank (BYLN) is committed to helping communities grow and thrive by supporting philanthropic initiatives in its neighborhoods.
How will Byline Bank's (BYLN) donation impact its communities?
Byline Bank's (BYLN) donation aims to support and uplift its neighborhoods through philanthropic initiatives and donations to local charities.
What is the significance of Byline Bank's (BYLN) commitment to communities?
Byline Bank's (BYLN) ongoing commitment to communities demonstrates its dedication to helping them grow and thrive through philanthropic support and initiatives.
byline bancorp, inc. operates as the bank holding company for byline bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the united states. it offers non-interest bearing accounts, money market demand accounts, savings accounts, interest bearing checking accounts, and time deposits, as well as certificates of deposit. the company also provides commercial loan products and services, including term loans, revolving lines of credit, construction financing, and cash management products; small business administration loans; and small ticket equipment leasing services, as well as online, mobile, and direct banking services. it operates through 56 branch offices in chicago metropolitan area; and 1 branch office in brookfield, wisconsin. the company was formerly known as metropolitan bank group, inc. and changed its name to byline bancorp, inc. in 2015. byline bancorp, inc. was incorpo