Stearns Bank Community Challenge, $100K Match Offered

Posted on: Nov 17, 2023

Catholic Charities, Salvation Army and St. Joseph Food Shelves to Benefit

St. Cloud, Minn. (November 17, 2023) – Stearns Bank N.A. in partnership with the Central Minnesota Community Foundation is excited to announce the Stearns Bank Community Challenge. Stearns Bank is offering up to $100,000 as a match for every dollar donated to three area food shelves this holiday season.

“With economic uncertainty and the rising price of groceries, there is no better time to support our area food shelves,” said Rory Bidinger, Chief Marketing Officer at Stearns Bank N.A. “Central Minnesota is our home and Stearns Bank is honored to once again work with our community to help those who may not know where they will find their next meal.”

The Stearns Bank Community Challenge begins November 20, 2023. Donations for the Community Challenge need to be received by December 31, 2023. Contributions should be sent directly to any of the following eligible food shelves to the attention of the “Stearns Bank Community Challenge.”

"The Stearns Bank Community Challenge is an impactful way you can give back and help those in need this holiday season, said Greta Stark-Kraker, CMCF Executive Director. “We are incredibly grateful for this generous match, and we hope it inspires the spirit of giving throughout our community.”

The Central Minnesota Community Foundation (CMCF) attracts and administers charitable funds for the benefit of the local community. Since 1985, CMCF has grown to $143.5 million in assets and awarded $155.3 million in grants to non-profits.  The CMCF is governed by a local board of directors and is a partner of CommunityGiving, which is a network of community foundations united under a single framework to create efficiencies that maximize the impact of our donors.  Collectively, CommunityGiving administers over 1,100 funds totaling over $210 million in assets. Learn more at CommunityGiving.org/CentralMN.

 

About Stearns Bank N.A.

Minnesota-based Stearns Bank National Association is a $2.8 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Stearns Bank is consistently recognized as one of the Best Banks to Work For, most recently ranked by American Banker as the 5th best bank to work for among banks in the nation, while earning top rankings based on its strong capital and earnings as one of the nation’s highest-performing banks. The Independent Banker’s 2023 “Best of the Best” ranks Stearns Bank as the 4th best-performing bank in the U.S. among banks having more than $1 billion in assets based on banks’ 3-year average Return on Assets. Stearns Bank’s financial strength and success is achieved by Stearns Bank becoming one of the most prominent community impact lenders in the nation through effective public-private partnerships and innovative local initiatives with community organizations, CDFIs, and Minority Deposit Institutions across the country. Stearns Bank specializes in nationwide affordable housing, workforce and multifamily housing, commercial construction lending, build-to-suit and CRE-repositioning lending, family office and lender financing, USDA and SBA lending, and small business and equipment financing to foster economic development and entrepreneurial growth at a local level in communities across the country. As a national leader and go-to bank for nonprofits, Stearns Bank created a customized suite of Nonprofit Banking Solutions specially designed and tailored to empower nonprofit organizations across the country. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank’s mission is to Get the Job Done! For more information, visit StearnsBank.com.