Community members come together to award donations to
10 community-focused nonprofit organizations.
Albuquerque, NM (January 17, 2024) — In the spirit of holiday giving, Cadence Bank, through the Cadence Bank Foundation, proudly donated a total of $150,000 to 10 nonprofit organizations who participated in the annual Cadence Cares Holiday Program. Bank customers, teammates, and community members voted for their nonprofit of choice with the organizations splitting the $150,000 based on the number of votes each received.
DreamSpring, a nonprofit Community Development Financial Institution (CDFI) and Small Business Administration (SBA) lender, is grateful to Cadence for its generosity and partnership, as well to all those who voted to support DreamSpring’s mission of vitalizing communities through entrepreneurship.
“Cadence Bank has been a fantastic partner to DreamSpring and the small business owners we serve. It has been a privilege to serve on their local Community Advisory Council and to leverage their expertise in financial education sessions,” says Amber Kani, DreamSpring’s Head of Stakeholder Engagement. “This generous award is one component to a truly impactful partnership.”
The Cadence Cares Holiday Program aims to empower individuals to positively impact the causes that matter most to them. Over 6,500 people voted throughout the bank's nine-state footprint. The primary purpose of each of the 10 participating nonprofits is to help improve the circumstances for low- and moderate-income families and individuals and/or revitalize neighborhoods. All of the organizations also have active programs in each of the nine states where Cadence Bank operates.
These organizations will receive a donation from The Cadence Bank Foundation in January 2024.
"The Cadence Cares Holiday Program is important because it provides an opportunity for our customers, teammates, and community members to learn about the important work many nonprofit organizations do in our communities and makes them active participants in supporting their missions," says Dan Rollins chairman and CEO at Cadence Bank. "This initiative aligns with our commitment to creating a meaningful difference in the communities we call home."
Rollins continues, "We thank everyone who took the time to vote and know these donations will positively impact the lives of the individuals and families touched by these organizations. 'Tis the reason for the season, after all!"
To learn more about Cadence Bank and its community outreach, visit CadenceBank.com.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, and retirement plan management. Cadence is committed to a culture of respect, diversity, inclusion and belonging in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.
About DreamSpring
DreamSpring is a nonprofit Community Development Financial Institution (CDFI) and U.S. Small Business Administration (SBA) lender dedicated to accelerating the economic inclusion and strength of underserved communities. Founded in 1994, the organization provides rapid access to capital and customized wrap-around support to the most vulnerable small business owners in 27 states, focusing on communities including people of color, women, low- to moderate-income earners, people with disabilities, and start-ups. To date, DreamSpring has issued more than 48,796 loans totaling over $538 million to small businesses that support an estimated 65,138 jobs. Learn more at DreamSpring.org.