Simmons Bank, fair housing group release community benefits granting
ST. LOUIS – After expanding throughout the St. Louis area Simmons Bank is creating partnerships to assist low and moderate-income areas. The bank chain is working with the St. Louis Equal Housing and Community Reinvestment Alliance.
The organizations have vowed to open new branches in low-income areas as well as host financial literacy activities and contribute to community development investments in St. Louis.
Simmons Bank is also investing half a million dollars in the Gateway Neighborhood Mortgage a new loan product designed to improve the lending conditions in distressed areas of St. Louis.