Cadence Bank Foundation Donates $50,000 to Urban Hope Development
Supporting the organization's focus on education and economic development in Alabama
BIRMINGHAM, Ala., December 22, 2021 - Cadence Bank (NYSE: CADE) announced today that its Cadence Bank Foundation has made a $50,000 contribution to Urban Hope Development (UHD), supporting the organization's mission to educate and enrich the lives of at-risk students from low-income communities.
This donation was made in honor of Sam Tortorici’s 10 years of service at Cadence Bank as a member of the board of directors. UHD will use the Cadence Bank Foundation funds for the following programs:
- Crisis assistance, including childcare needs, housing assistance and food supply
- Education support for students and adults, including tutoring, GED preparation, resume building and mentoring
- Economic development, including work life preparedness training, understanding finances, job training and placementHousing development focused on helping renovate and improve the properties in the Fairfield neighborhoods allowing for more homeownership and community stability
“The Urban Hope Development makes such a positive impact on the Fairfield community,” said David Turner, president - North Central Alabama Division at Cadence Bank. “Alabama means a lot to Cadence Bank. We have strong roots in this state, and we are happy to support an organization that believes in educating, guiding and uplifting the communities in which we both serve.”
Urban Hope Development was launched in February 2013 and became an official 501(c)(3) nonprofit organization in May 2015. UHD provides a holistic approach for students and their families, by addressing emergency needs, education, economic development and housing, along with a variety of other barriers to long term sustainable change in families as well as their surrounding communities. In addition, during the summer of 2014, UHD began providing quality summer enrichment programs designed to stop summer learning loss to Fairfield city schools’ rising sixth, seventh and eighth grade students through UHope Success Academy.
“Our support will help UHD address the needs of the underserved in these low- to moderate-income communities, giving them access to services that can play a critical role in building stronger communities,” said Eula Jackson, senior vice president, CRA community development officer at Cadence Bank.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and more than 400 branch locations across the South, Midwest and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.
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