Wolters Kluwer today named Old National Bank of Evansville, Ind. as the winner of its 2017 Community Impact Award. The award honors financial institutions for the breadth of their positive impact to low- and moderate-income communities, and their innovative application of community development programs in communities where they do business.
The announcement was made today at Wolters Kluwer's 21st annual CRA & Fair Lending Colloquium held in Nashville, Tennessee. The Colloquium brings together federal regulators, attorneys, bank compliance officers and other industry experts for insights on navigating the increasingly complex regulatory and risk management landscape facing financial institutions today. Old National Bank won for its "12 Steps to Financial Success" program, which provides much- needed financial education and financial literacy resources to members of the communities the bank serves, with a particular focus on the most at- risk members. The program began in 2014 to help incarcerated female inmates in Western Kentucky re-enter society as more educated and financially responsible citizens. Since then, the "12 Steps to Financial Success" program has steadily evolved and expanded into Indiana and Michigan. Today, the program also includes courses geared toward the financial education needs of homeless veterans.
"Our "12 Steps to Financial Success" program considers the importance of financial education as an integral part of rehabilitating the whole person," said Gary Roan, Community Development Banking Manager at Old National Bank. " We hope to reverse the downward cycle among vulnerable groups by empowering them and creating hope. Individuals who complete our program return to society better equipped to open a bank account, save for college, create an emergency fund, start a business and purchase a home." "Banks have immense power to positively impact the communities where they operate," said Timothy R.Burniston, Senior Advisor, Regulatory Strategy, at Wolters Kluwer. "We are honored to recognize the work of Old National Bank to provide critically needed education and resources to incarcerated men and women as well as homeless veterans. We are proud of their commitment to those in need. The banks "12 Steps to Financial Success" program not only greatly helps the people it serves, but it brings real value to their community.
Walters Kluwer Governance, Risk & Compliance(GRC) is a division of Wolters Kluwer N.V., which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19, 000 people worldwide.
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