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Modern Woodmen Bank helps local group receive $40,000 grant

Ollenburg and Peterson work to launch and support Bridge Investment

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Modern Woodmen Bank’s president and CEO, Steve Ollenburg, and senior vice president, Kevin Peterson, recently helped launch Bridge Investment, a regional community development corporation. Recently Bridge Investment was awarded a $40,000 grant from the Community First Capacity-Building Grant Program, presented by Federal Home Loan Bank of Chicago.

Bridge Investment is a nonprofit lender based in Rock Island that offers financial programs and services to help disadvantaged Quad Cities communities thrive. The grant will allow the group to sharpen its focus on local job creation and economic growth. According to a media release from Bridge Investment, Modern Woodmen Bank was crucial to the organization’s creation.

In addition to investing their time to launch Bridge Investment, Ollenburg and Peterson helped Hollenback and the group successfully complete the Community First grant application. Modern Woodmen Bank is a FHLB Chicago member financial institution and sponsored the grant application.

“The impact that Bridge Investment has had since its inception has been tremendous. The group has helped grow affordable housing and small business,” says Peterson. “We were honored to help sponsor this capacity-building grant. These types of collaborative community partnerships can really spark imagination and vision.”

Modern Woodmen Bank is a marketing name for MWABank, a wholly owned subsidiary of Modern Woodmen or America. Annuities, insurance, retirement plans, and securities are not insured by the FDIC or any other government agency, are not obligations or deposits for MWABank and are not guaranteed by MWABank. These products involve risk including the possible loss of principal invested.



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