First National Bank of Omaha Awards More than $3M to COVID-19 Relief Organizations

First National Bank of Omaha (FNBO; www.fnbo.com) has awarded more than $3 million in community development grants and impact investments to 27 organizations in Nebraska, Colorado, Illinois, South Dakota, and Texas that are providing relief to individuals and businesses affected by the COVID-19 pandemic. FNBO’s community-investment strategy focuses on affordable housing, workforce, and small-business development. The bank’s response to COVID is in line with that strategy because it focuses on housing, workforce, and small-business stability to get through the crisis.

The first round of grants supports organizations providing housing-stability programs. The grants are being awarded to nonprofit organizations that are helping families remain stable and healthy in their own homes by providing financial assistance for rent, mortgage, utilities, and other needs, such as food and living expenses. FNBO also has contributed $2.75 million in impact investments to community loan funds that are providing small businesses with relief loans across the bank’s service footprint. These community loan funds are held and managed by Community Development Financial Institutions (CDFIs) that provide underserved businesses access to capital.

In late summer, FNBO will award another round of grants that will focus on workforce stability. These grants will be awarded to organizations that are providing individuals with crucial workforce-development services to enhance their chances for employment.

For more than 160 years, First National Bank of Omaha has maintained its commitment to helping to build strong communities. To learn more, visit www.fnbo.com.