Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Citywide Banks Launches New Home Improvement Loan for Low- to Moderate-Income Consumers

07/29/2021 | 03:17pm EDT

DENVER, July 29, 2021 (GLOBE NEWSWIRE) -- Citywide Banks, powered by HTLF (Heartland Financial USA, Inc. – NASDAQ: HTLF), introduced its new Home Improvement Loan for Low- to Moderate-Income consumer borrowers. The new loan product is structured to help Low- to Moderate-Income borrowers’ access much needed credit.

“We’re proud to launch this new loan product to help the communities we serve,” said Michael Wamsganz, President and CEO at Citywide Banks. “Citywide Banks is dedicated to meeting the needs of our customers by providing access to credit. The new Home Improvement loan will provide credit for those who need it most.”

The new Home Improvement Loan is secured by the borrower’s primary residence. The loan is a 60-month term for loan amounts of $5,001-$14,999.

This new product is part of a broader initiative at Citywide Banks and HTLF to help consumers in need of credit. The Forbes Best Bank has significantly increased consumer lending in 2021:

  • Created a new, popular Buy Local loan that provides credit up to $5,000 for unexpected expenses or to finish your next project while shopping local to support your favorite small businesses.
  • Launched a new HELOC promotion in January 2021.
  • Launched a new special on Home Equity Installment Loans in January 2021.

Citywide Banks’s decision to increase consumer lending comes at a time when some larger, national “trillionaire banks” have announced they are discontinuing their lending, including no longer offering HELOCs to new loan applicants or discontinuing their personal line of credit lending.

“HTLF is a consortium of community banks in 12 states. We have the size and strength of a larger regional bank but operate with local leadership and decision making. That allows us to offer products and services that our customers and communities need,” said Kevin Karrels, EVP, Head of Retail Banking.

About Citywide Banks
Citywide Banks, a subsidiary of Heartland Financial USA, Inc. operating under the brand name HTLF, is a state-chartered, community-invested bank with more than $2.6 billion in assets and banking centers located across Colorado's Front Range, Foothills and Mountain communities. Citywide Banks is committed to delivering responsive service, local expertise, and comprehensive financial tools for Colorado businesses and families. For more than 50 years, Citywide Banks has been dedicated to finding ways to impact the local community and move Colorado forward. Citywide Banks is a member FDIC and an Equal Housing Lender. Visit www.citywidebanks.com to learn more.

About HTLF
Heartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with assets of $18.37 billion. HTLF has banks serving communities in Arizona, California, Colorado, Minnesota, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Minnesota. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, residential mortgage, wealth management, investment and insurance. Additional information is available at www.htlf.com.

CONTACT:
Steve Ebner
SEbner@htlf.com


Primary Logo


ę GlobeNewswire 2021
Latest news "Companies"
05:59pWhat can $2.1 billion do for infection control in the wake of COVID-19?
BU
05:58pChevron Selects P97 Networks to Enhance Mobile App, Consumer Experience at Retail Stations
BU
05:54pCONCERNED SHAREHOLDERS OF ROCKY MOUNTAIN : Comment on the Board's Last-Minute Attempt to Circumvent the Shareholder Franchise
BU
05:53pCONGENITAL SYPHILIS : L.A. County Repeatedly Fails to Act, Says AHF
BU
05:52pMayor Tishaura O. Jones Joins Biden-Harris Administration to Launch House America Initiative to Address Homelessness Crisis
PU
05:52pBRASILAGRO COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS : Notice to Shareholders - Shareholders┤ Meeting New Date
PU
05:52pPM MEETING WITH PRESIDENT MOON OF THE REPUBLIC OF KOREA : 20 September 2021
PU
05:51pMagna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
GL
05:50pWall Street extends global slump on China fears
RE
05:49pVerrica Pharma Shares Slide 25% After Company Receives Letter From FDA
DJ
Latest news "Companies"