Bank On Louisville e-news, June 2013

Bank On Louisville E-News

BANK ON LOUISVILLE is a comprehensive network of community partners focused on serving the unbanked and underbanked by increasing access to mainstream financial services, products and tools and financial education resources in order to decrease their reliance on expensive, alternative services and increase financial stability.

Brought to you by Louisville Metro Community Services and Revitalization.               June 2013

BOL logo w/ City seal

You're invited: Money Talks Report-Out

You are invited to a meeting of the Family Economic Success Network, Friday, June 14th,  2 - 3:30 p.m. at the Metro United Way. This meeting will mark an exciting and important juncture in the development of the FES Network as we'll be celebrating the incorporation of the Money Talks crew members into the Network's fold!

Refreshments will be provided. Please RSVP here by Friday, May 31.

You can also read about the Financial Empowerment Summit, supported by the Money Talks grant, here.

Upcoming events

You can find additional upcoming events on Bank On Louisville's calendar.

Resources to share

third birthday cake

Save the date for Bank On Louisville's third anniversary celebration!

Bank On Louisville is turning three and you are invited to celebrate with us! Join us and several special guests as we announce our successes, and set our goals for this coming year.

Wednesday, August 14, 9am-10:30am

More information and an invitation to come!

fifth third bank logo

Partner spotlight: Fifth Third Bank

This month, Bank On Louisville is highlighting our partner, Fifth Third Bank, for their continued efforts to improve financial well-being and overall quality of life in our community.

The Federal Reserve Bank issued Fifth Third Bank an overall Outstanding Rating during the 2009-2011 CRA Exam period for the Louisville, Kentucky Metropolitan Statistical Area. Louisville was the only market in Fifth Third Bank’s 12-state footprint to receive this rating.

This included an Outstanding Rating for all three exam tests: Service, Lending and Investment. The examiners noted several factors which contributed to the Outstanding rating. The regulators highlighted Fifth Third’s loss mitigation efforts noting the bank had completed 87 loan modifications which represented 21.5% of all loan modifications in the area. 

The examiners also noted Fifth Third Bank’s strong community development lending activities which included the origination of $49.8 million in loans to support community development activity including economic development and affordable housing development loans. 

Fifth Third was mentioned as a leader in investing in the Louisville area. During the assessment period the bank made $19.9 million in community development qualified investments including investments to support Neighborhood Stabilization Programs.

Finally, the examiners cited the 819 hours of community development volunteer service completed by Fifth Third associates making the bank leaders in these activities.'

Thank you, Fifth Third Bank, for your community involvement and your partnership with Bank On Louisville!

Do you know someone who is struggling to to make their mortgage payments? 

FREE help is available through the Kentucky Homeownership Protection Center, administered by Kentucky Housing Corporation. Call toll-free at 1-866-830-7868 or visit 

Additionally, Mayor Greg Fischer and Louisville Metro Government are supporting awareness of foreclosure prevention services with a 30-second PSA, a 60-second PSA, and a downloadable flyer.

If your agency or group could benefit from foreclosure prevention assistance training, please contact