Latest news with #FHLBankAtlanta
Yahoo
29-05-2025
- Business
- Yahoo
FHLBank Atlanta and Synovus Bank award $500,000 grant to Georgia Heirs Property Law Center Inc.
ATLANTA, May 29, 2025--(BUSINESS WIRE)--Federal Home Loan Bank of Atlanta (FHLBank Atlanta) and Synovus Bank are delivering a $500,000 grant to Georgia Heirs Property Law Center Inc. The grant will be used to prevent and resolve heirs' property issues that arise when home or landowners leave their property to others without a clear will, estate plan, title or deed. Synovus and Georgia Heirs Property Law Center partnered to apply for the grant, which is awarded from FHLBank Atlanta's 2024 Heirs Property Family Wealth Protection Fund. In total, this program from FHLBank Atlanta is awarding $5.9 million through its member banks, such as Synovus, to 21 organizations addressing heirs' property issues. "A key part of our mission is to advance homeownership, and that includes helping families pass along the hard-earned equity they have built in their properties," said Kirk Malmberg, president and CEO of FHLBank Atlanta. "Heirs' property issues are a pervasive problem in many communities, and this fund will enable seasoned organizations to help thousands of families preserve and protect their inheritances." A 2024 Harris Poll survey sponsored by FHLBank Atlanta found that 90% of homeowners expect the equity in their homes to benefit their heirs, yet 43% do not have a will, trust or estate plan. FHLBank Atlanta created the Family Wealth Protection Fund to support organizations that help property owners by writing wills and estate plans or resolving existing tangled titles. "As a member of FHLBank Atlanta, we wanted to maximize their grant program to support Georgia Heirs Property Law Center with a significant grant to benefit people across the state," said Natalie Parker, senior director, Community Reinvestment Act and community development at Synovus. "The Georgia Heirs Property Law Center has a particular expertise in resolving tangled titles and ensuring the proper legal documents are in place for families to build generational wealth with their homes or land." "The Center helps grow Georgia's economy through property rights. Heirs' property not only limits a family's ability to build generational wealth but also undermines the efforts of local governments and businesses trying to revitalize communities. Partners like the FHLBank Atlanta and Synovus understand the value in leveraging direct legal services and asset education to empower low- and moderate-income families to address their heirs' property," said Skipper StipeMaas, executive director of the Center. Services delivered by organizations receiving grant funding are free to property owners. About Synovus Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at About The Georgia Heirs Property Law Center, Inc. The Georgia Heirs Property Law Center Inc, (the "Center") provides direct legal services that increase generational wealth, economic value, and community stability by securing and preserving property rights of low and moderate income Georgians. The Center resolves heirs property through title clearing; prevents heirs property through estate planning; and facilitates asset education to build generational wealth. For more information see, About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit View source version on Contacts Audria BeltonSynovus Media Relationsmedia@ Sheryl TouchtonFederal Home Loan Bank of Atlantastouchton@
Business Wire
29-05-2025
- Business
- Business Wire
FHLBank Atlanta and Synovus Bank award $500,000 grant to
ATLANTA--(BUSINESS WIRE)--Federal Home Loan Bank of Atlanta (FHLBank Atlanta) and Synovus Bank are delivering a $500,000 grant to Georgia Heirs Property Law Center Inc. The grant will be used to prevent and resolve heirs' property issues that arise when home or landowners leave their property to others without a clear will, estate plan, title or deed. Synovus and Georgia Heirs Property Law Center partnered to apply for the grant, which is awarded from FHLBank Atlanta's 2024 Heirs Property Family Wealth Protection Fund. In total, this program from FHLBank Atlanta is awarding $5.9 million through its member banks, such as Synovus, to 21 organizations addressing heirs' property issues. 'A key part of our mission is to advance homeownership, and that includes helping families pass along the hard-earned equity they have built in their properties,' said Kirk Malmberg, president and CEO of FHLBank Atlanta. 'Heirs' property issues are a pervasive problem in many communities, and this fund will enable seasoned organizations to help thousands of families preserve and protect their inheritances.' A 2024 Harris Poll survey sponsored by FHLBank Atlanta found that 90% of homeowners expect the equity in their homes to benefit their heirs, yet 43% do not have a will, trust or estate plan. FHLBank Atlanta created the Family Wealth Protection Fund to support organizations that help property owners by writing wills and estate plans or resolving existing tangled titles. 'As a member of FHLBank Atlanta, we wanted to maximize their grant program to support Georgia Heirs Property Law Center with a significant grant to benefit people across the state,' said Natalie Parker, senior director, Community Reinvestment Act and community development at Synovus. 'The Georgia Heirs Property Law Center has a particular expertise in resolving tangled titles and ensuring the proper legal documents are in place for families to build generational wealth with their homes or land.' 'The Center helps grow Georgia's economy through property rights. Heirs' property not only limits a family's ability to build generational wealth but also undermines the efforts of local governments and businesses trying to revitalize communities. Partners like the FHLBank Atlanta and Synovus understand the value in leveraging direct legal services and asset education to empower low- and moderate-income families to address their heirs' property,' said Skipper StipeMaas, executive director of the Center. Services delivered by organizations receiving grant funding are free to property owners. About Synovus Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at About The Georgia Heirs Property Law Center, Inc. The Georgia Heirs Property Law Center Inc, (the 'Center') provides direct legal services that increase generational wealth, economic value, and community stability by securing and preserving property rights of low and moderate income Georgians. The Center resolves heirs property through title clearing; prevents heirs property through estate planning; and facilitates asset education to build generational wealth. For more information see, About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit
Yahoo
09-05-2025
- Business
- Yahoo
Ameris Bank Distributes More Than $1 Million in Grants to Support Heirs' Property Work
Grants made available by Federal Home Loan Bank of Atlanta ATLANTA, May 09, 2025--(BUSINESS WIRE)--Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing more than $1,142,000 in grants among three organizations to support work that addresses challenges of heirs' property: $450,000 to Local Initiatives Support Corporation (LISC) Jacksonville (Florida) $442,404 to Legal Services of North Florida $250,000 to Invest Atlanta (Georgia) The grants are made available from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund. FHLBank Atlanta is awarding a total of $5.9 million through member banks in its district to 21 organizations actively addressing heirs' property issues. The work by LISC Jacksonville, Legal Services of North Florida and Invest Atlanta will help families avoid involuntary loss of property, resolve tangled title issues, and promote long-term stability through clear and secure homeownership. "Our Fund is addressing a significant homeownership problem. Heirs' property issues occur when land or homes are inherited by an owner's descendants without a will, estate plan, or court document and/or without a clear title and deed to the property," said Kirk Malmberg, president and CEO of FHLBank Atlanta. "Without proper paperwork, a property's condition and value are much harder to maintain, and families may be excluded from accessing home equity loans, tax rebates, homestead exemptions, and disaster recovery assistance." Ameris Bank Director of Community Lending Clyde Anderson said, "We are pleased that our applications for these three organizations were selected to participate in this worthwhile program. The grants will help families hold on to what they've earned and pass it on to the next generation. Clear and stable property ownership is essential to long-term economic mobility and generational wealth." A 2024 Harris Poll by FHLBank Atlanta found that most homeowners (90%) expect the equity in their home to benefit their heirs, yet more than 4 in 10 (43%) do not have a will/trust or estate plan. Further, the survey showed that about 1 in 5 homeowners did not have, or were not sure they have, a clear title (22%) or recorded deed (20%). These factors can exacerbate problems of passing on home equity to build generational wealth among families. About Ameris Bank Ameris Bank, a subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of March 31, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit View source version on Contacts Katie LopezAmeris Sheryl TouchtonFHLBank of Atlantastouchton@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
09-05-2025
- Business
- Business Wire
Ameris Bank Distributes More Than $1 Million in Grants to Support Heirs' Property Work
ATLANTA--(BUSINESS WIRE)--Ameris Bank, a member of Federal Home Loan Bank of Atlanta (FHLBank Atlanta), is distributing more than $1,142,000 in grants among three organizations to support work that addresses challenges of heirs' property: $450,000 to Local Initiatives Support Corporation (LISC) Jacksonville (Florida) $442,404 to Legal Services of North Florida $250,000 to Invest Atlanta (Georgia) The grants are made available from FHLBank Atlanta's 2024 Heirs' Property Family Wealth Protection Fund. FHLBank Atlanta is awarding a total of $5.9 million through member banks in its district to 21 organizations actively addressing heirs' property issues. The work by LISC Jacksonville, Legal Services of North Florida and Invest Atlanta will help families avoid involuntary loss of property, resolve tangled title issues, and promote long-term stability through clear and secure homeownership. 'Our Fund is addressing a significant homeownership problem. Heirs' property issues occur when land or homes are inherited by an owner's descendants without a will, estate plan, or court document and/or without a clear title and deed to the property,' said Kirk Malmberg, president and CEO of FHLBank Atlanta. 'Without proper paperwork, a property's condition and value are much harder to maintain, and families may be excluded from accessing home equity loans, tax rebates, homestead exemptions, and disaster recovery assistance.' Ameris Bank Director of Community Lending Clyde Anderson said, 'We are pleased that our applications for these three organizations were selected to participate in this worthwhile program. The grants will help families hold on to what they've earned and pass it on to the next generation. Clear and stable property ownership is essential to long-term economic mobility and generational wealth.' A 2024 Harris Poll by FHLBank Atlanta found that most homeowners (90%) expect the equity in their home to benefit their heirs, yet more than 4 in 10 (43%) do not have a will/trust or estate plan. Further, the survey showed that about 1 in 5 homeowners did not have, or were not sure they have, a clear title (22%) or recorded deed (20%). These factors can exacerbate problems of passing on home equity to build generational wealth among families. About Ameris Bank Ameris Bank, a subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.5 billion in assets as of March 31, 2025, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at About FHLBank Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit
Associated Press
14-04-2025
- Business
- Associated Press
United Bank and Federal Home Loan Bank of Atlanta Award $4.7 Million to Support Affordable Housing in Washington, D.C. and Virginia
WASHINGTON, April 14, 2025 (GLOBE NEWSWIRE) -- United Bank (NASDAQ: UBSI) and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today an investment of $4.7 million in grant funding, designated for five separate projects that will create 363 new affordable housing units in Washington, D.C. and Virginia. The funding is sourced from FHLBank Atlanta's Affordable Housing Program (AHP) General Fund and administered through United Bank. These funds will go toward the following projects in Washington, D.C.: In Harrisonburg, Va.: Each property will provide residents with high-speed internet and offer education and training services on topics including computer skills, life skills, money management, GED preparation, literacy, and nutrition. 'United Bank has a longstanding history of supporting community development initiatives that provide affordable housing, support low- or moderate-income senior citizens and families, and revitalize communities in meaningful ways,' said Christina Cudney, Corporate Social Responsibility Officer, United Bank. 'These funds from FHLBank Atlanta help us continue to move the needle on pressing challenges faced by our communities to fulfill this ongoing commitment. With the rise in construction costs, several projects in our area had a need for gap funding, and FHLBank Atlanta's grant program is enabling these initiatives to cross the finish line sooner than otherwise possible.' FHLBank Atlanta's General Fund provides grants annually to assist in the acquisition, construction, rehabilitation, or preservation of affordable housing projects. In December 2024, FHLBank Atlanta announced 66 grant recipient winners of its 2024 program, which allocated a total of $55 million to support the development and repair of more than 4,200 affordable housing units. 'It is inspiring to see United Bank's dedication to affordable housing and economic vitality,' said FHLBank Atlanta President and CEO Kirk Malmberg. 'Understanding the growing need for more affordable housing, our members like United Bank are working hand in hand with their local developers and nonprofits to make a lasting impact, and we are honored to see funds from FHLBank Atlanta support such transformational projects.' About United Bank United Bank is a premier community bank headquartered in Greater Washington, D.C. A subsidiary of United Bankshares, Inc. (NASDAQ: UBSI), United has consolidated assets of more than $32 billion with over 240 offices located throughout Virginia, Maryland, West Virginia, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia, as well as Washington, D.C., where it is the community bank of the nation's capital. The Bank is committed to growing the relationships it has built since 1839 and offering a competitive suite of banking and lending products, treasury management, wealth management, mortgage services, personal and business credit cards, and more. United is also committed to providing excellence in service to the communities throughout its footprint, strategically aligning resources to move the needle on pressing challenges in vital impact areas, including financial literacy, children and education, affordable housing, health, and economic vitality. For more information, visit About Federal Home Loan Bank of Atlanta FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members—its shareholders and customers—are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households. For more information, visit our website at MEDIA CONTACTS: Federal Home Loan Bank of Atlanta Sheryl Touchton [email protected] United Bank Sameera Jordan [email protected]
