For Immediate Release
For more information, contact
Terry Barth (firstname.lastname@example.org) or
Pennie Slatton (email@example.com)
April 10, 2008
Bradford National Bank
BRADFORD NATIONAL BANK THANKED
FOR PARTNERING WITH FEDERAL AGENCY
Greenville, IL, 3-28-2008—Making sure that federal programs serve local communities is not as simple as it seems. With offices in only 12 locations in Illinois, Federal agencies like USDA Rural Development must work with partners all over the state to make sure federal resources get to the people they are intended to help. One of those partners is Bradford National Bank, with offices in Greenville, Highland and Marine.
Rural Development provides low cost financing and technical assistance to support growth in homeownership, business development, and critical community and technology infrastructure. Their partners include non-profit organizations, associations, local units of government, lenders, real estate professionals, and educational institutions.
For several years Rural Development has hung an oversized check with the total amount dispersed the previous year on the wall at its state office in Champaign. Congressmen, employees, and even the U.S. Secretary of Agriculture have signed previous checks. “Time was past due to ask some of our partners to sign the check,” said Illinois Director for Rural Development Doug Wilson.
Rural Development staff members in each office were limited to asking only a few of their hundred or more partners to sign the check. “We hope to continue doing this each year,” Wilson said, “until we’ve had the opportunity to get the signatures of all our valued partners. We couldn’t help the hundreds of thousands of people in rural Illinois that we do without knowledgeable, committed local partners.”
The Edwardsville Rural Development office asked Bradford National Bank to sign this year’s $418 million check. “Bradford National Bank has successfully utilized our Guaranteed Rural Housing loan program for many years,” said Janet Fauth, Rural Development Area Specialist. “They were also the first lender in the state to subscribe to our new underwriting program and have provided free checking account services to our low income repair loan clients for many years,” Fauth added.
“There are a lot of great benefits to the Rural Development lending program,” said Terry Barth, senior consumer lending officer for Bradford National Bank. “Qualified borrowers can receive 100% financing with no money down and the program offers flexible credit requirements.”
Pennie Slatton, Bradford National Bank loan officer, said, "The USDA Rural Development home buyers program is an easy lending program for consumers to get into. It's quick and easy and we have been able to share the dream of home ownership with many local residents in our market area."
This was the third consecutive record breaking year for Rural Development’s housing program. For more information on Bradford National Bank’s many services call (618) 664-2200 or visit them on-line at www.bradfordbank.com. To learn more about Rural Development’s 43 different loan and grant programs, visit www.rurdev.usda.gov or call 618-656-7300, ext 4.