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Best Community Banks

America's Community Bankers announce awards

October 27, 2005

By MortgageDaily.com staff

Six community banks were honored for, among other things, their innovative approaches to helping people buy their homes and manage their finances.

The bankers, which engage in mortgage-lending, recently received one of America's Community Bankers inaugural 2005 Community Bank Awards at the association's annual convention in Orlando, Fla., earlier this month. A total of six winners were selected from a field of more than 30 nominations, according to an announcement.

"ACB created the Community Bank Awards to honor those institutions that have taken an innovative, creative and effective approach to making a difference in their communities," said ACB Chairman F. Weller Meyer in the announcement.

"These awards honor the bank and entire bank team, rather than an individual, for the collective positive impact they have had on the community," Meyer added.

ACB said it honored New South Federal Savings Bank, Birmingham, Ala., because of the lender's homeownership counseling center, which works with applicants who have been denied mortgages.

Meanwhile, Chicago, Ill.-based Second Federal Savings was awarded due to its first-of-a-kind program to market homeownership opportunities to undocumented Mexican families, ACB reported.

Astoria Federal Savings was commended for its Education First financial literacy program and other initiatives that teach area students money management principles, according to the announcement.

New Jersey-based Cape Savings Bank received one of the six awards because of its employee volunteer and charitable donation program, according to the announcement.

ACB said it recognized North Dakota-headquartered Gate City Bank for its employee volunteer program encouraging and assisting staff to participate in humanitarian or disaster relief mission trips.

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