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Five nonprofits to receive grants
Home of Our Own in New Glarus among recipients
Money Nest

MADISON — State Bank of Cross Plains has disbursed $20,000 in Relief Grants to five nonprofit organizations with missions aimed at helping communities cope with economic uncertainty due to COVID-19 by providing humanitarian support in various forms. The five nonprofits equally sharing these funds include: Waunakee Neighborhood Connection Corp.; Mount Horeb Community Foundation; Middleton Outreach Ministry (MOM); Home of Our Own Inc. in New Glarus and Community Action Inc. of Rock and Walworth Counties in Beloit.

State Bank of Cross Plains applied for and received the grant funding through the Federal Home Loan Bank of Chicago’s COVID-19 Relief Grant Program for members to use in support of small businesses and/or nonprofit organizations affected by the pandemic. FHLBank Chicago’s goal was to rapidly deploy relief funds where they are most urgently needed, tapping into the independent community banks who have a pulse on local communities throughout Wisconsin and Illinois.

Early on in March, State Bank of Cross Plains made a donation to the United Way of Dane County to support their efforts toward helping the homeless and keeping food pantries fully stocked and operational. In addition to these charitable endeavors, SBCP has been extremely active assisting more than 1,045 area small businesses successfully apply for Paycheck Protection Program Loans, which helped secure more than 12,300 jobs.