Investors Community Bank has furthered its commitment to micro and small businesses in Wisconsin by making a substantial investment in The Wisconsin Women’s Business Initiative Corporation (WWBIC)’s Loan Opportunity fund.
“This investment provides direct support to local businesses and will allow WWBIC to continue advancing micro and small business loans throughout Wisconsin,” said Dave Coggins, Chief Banking Officer at Investors Community Bank. “We are impressed with WWBIC’s positive impact in both urban and rural communities statewide as they continue to advance their lending outreach and grow their loan portfolio, while maintaining a strong loan repayment track record.” In 2017, WWBIC approved over $8.7 million in loans and closed on $6.5 million loans, and to date has lent over $60 million.
Mike Hetzel, WWBIC’s Director of Lending shared, “WWBIC continues to increase our overall lending partners and bring new financial institutions into our lending pool. Investors Community Bank will truly align with WWBIC’s targeted growth in the Fox Valley and rural regions of Wisconsin. We plan to work with the bank further and support referrals of many entrepreneurs and business owners who aren’t quite ready for conventional bank financing. If possible, WWBIC will do the deal and allow that business to build experience as well as repayment history. It is always our hope that they can return to the bank for traditional financing.”
“We are thrilled to have this investment from Investors Community Bank and believe that we can work well together to continue to advance small business ownership – jobs and wealth creation!” said Wendy K. Baumann, WWBIC president and CVO.
About Investors Community Bank:
Investors Community Bank, a wholly-owned subsidiary of County Bancorp, Inc., is committed to serving the financial needs of businesses, farmers and families in our communities. Founded in 1997, Investors has become one of the most successful bank startups in Wisconsin’s history and has full service offices in Appleton, Green Bay, Manitowoc and Stevens Point, as well as Loan Production Offices in Eau Claire, Sheboygan, Darlington and Fond du Lac. County Bancorp Inc.’s common stock is traded on the NASDAQ global market under the symbol ICBK. For details visit www.InvestorsCommunityBank.com.
WWBIC is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color and low income individuals, providing direct lending and access to fair and responsible capital, quality business and financial education coupled with key one-on-one technical assistance support. WWBIC is a certified Community Development Financial Institution (CDFI) as well as one of the nation’s top SBA Microlenders and SBA Community Advantage Lenders.