Five Area Nonprofits Receive Relief Grants from State Bank of Cross Plains

May 28, 2020, MADISON, Wisconsin— State Bank of Cross Plains (SBCP) has disbursed $20,000 in Relief Grants to five nonprofit organizations with missions aimed at helping communities cope with economic uncertainty due to COVID-19 by providing humanitarian support in various forms. The five nonprofits equally sharing these funds include:

Waunakee Neighborhood Connection Corp.
Mount Horeb Community Foundation
Middleton Outreach Ministry (MOM)
Home of Our Own Inc. in New Glarus
Community Action Inc. of Rock and Walworth Counties in Beloit

“Without question, there are hundreds of worthy organizations who could benefit from this support,” says SBCP President and CEO Jim Tubbs. “With limited funds available through this particular grant program, we tried to identify nonprofits who could make a large impact across our entire footprint to help as many people in the communities we serve as possible.”

State Bank of Cross Plains applied for and received the grant funding through the Federal Home Loan Bank of Chicago’s COVID-19 Relief Grant Program for members to use in support of small businesses and/or nonprofit organizations affected by the pandemic. FHLBank Chicago’s goal was to rapidly deploy relief funds where they are most urgently needed, tapping into the independent community banks who have a pulse on local communities throughout Wisconsin and Illinois.

“These grants are just one part of our overall effort to investigate and act on the opportunities available to help our customers and the communities we serve as a whole navigate this current economic crisis,” Tubbs explains. “Our work is definitely not done.”

Early on in March, State Bank of Cross Plains made a donation to the United Way of Dane County to support their efforts toward helping the homeless and keeping food pantries fully stocked and operational. In addition to these charitable endeavors, SBCP has been extremely active assisting more than 1,045 area small businesses successfully apply for Paycheck Protection Program Loans, which helped secure more than 12,300 jobs.

“The dedication of our bank family to process so many loan applications far exceeded my wildest expectations of what we could accomplish together,” shared Tubbs. “Our focus was to step up and help people complete this process so that the small business owners, their employees, and all the members of the community they serve could worry less and concentrate more on the important stuff.”

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State Bank of Cross Plains is known for our modern, progressive approach to supporting businesses and consumers by offering services more typical of larger financial institutions in an environment that values one-on-one personal relationships and community involvement. State Bank of Cross Plains is a $1.3 billion institution, offering a full range of business and personal financial services including business, real estate, and consumer lending, as well as wealth management and financial advisory services. We now also provide Crop Insurance and Ag Lending Services. SBCP has 15 convenient locations in Dane, Rock, and Green Counties. Member FDIC and Equal Housing Lender.

For additional information, contact Marketing Communications Manager Ian Folger at 608-826-3515.