Woodforest News

News and Press Releases 2017

December 12, 2017

Woodforest National Bank® Named Lending Partner of the Year by Justine PETERSEN

The Woodlands, Texas - Woodforest National Bank was recently awarded “Lending Partner of the Year” by Justine PETERSEN (JP), the nation’s leading microlender for the Small Business Administration.

JP honored Woodforest with this distinction for propelling JP’s mission through a $400,000 equity investment as part of the Opportunity Finance Network (OFN) CDFI Community Investment Fund, which enables JP to deploy much needed small business financing throughout its remote markets. Additionally, through a collaboration with the Association for Enterprise Opportunity (AEO), Woodforest participated in Project CUE, a small business finance referral platform for Community Development Financial Institutions (CDFIs) such as JP.

Lending Partner of the Year

“Woodforest National Bank epitomizes how a bank and a CDFI can partner and yield tangible impact for communities,” said Robert Boyle, Founder and CEO of Justine PETERSEN.

Boyle added, “Woodforest National Bank’s partnership with Justine PETERSEN transcends merely financial capital; the human capital that the bank has brought to our partnership is unparalleled. We consider Woodforest National Bank a thought leader and thought doer as it relates to enhancing the work of CDFIs not only in our footprint, but across the nation.”

Doug Schaeffer, CRA Executive Director, EVP, Woodforest National Bank, said, “I respect the work that Justine PETERSEN does and continues to do. This organization is a role model for CDFIs, and this award is a great accolade for Woodforest National Bank. We look forward to continuing to build on this relationship to create innovative ways to help small businesses and entrepreneurs be successful.”

Annually, Justine PETERSEN recognizes a financial institution that demonstrates exemplary commitment to advancing Justine PETERSEN’s mission through a monetary loan pool investment and related partnership activities. Past awardees include local, regional and national banks

About Woodforest

Celebrating over 37 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States.

About Justine PETERSEN

Founded in 1997, Justine PETERSEN furthers the legacy of social worker Justine M. Petersen, a pioneer in asset-development for low and moderate-income families. As the nation’s leading microlender for the U.S. Small Business Administration, Justine PETERSEN assists historically underserved small businesses at every stage of development with access to safe and affordable capital. Justine PETERSEN and its subsidiary CDFI (community development financial institution) offer home ownership preparation and retention services, financial education and a suite of credit building products and services. Justine PETERSEN serves the states of Missouri, eastern Kansas and downstate Illinois. For more information visit http://www.justinepetersen.org.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
cstewart@woodforest.com | 832-375-2508

November 24, 2017

Woodforest National Bank®and Family Promise® Launch Three New Financial Capability Initiatives to Empower Low-Income Families Nationwide

The Woodlands, Texas - Woodforest National Bank and Family Promise, the leading national nonprofit providing comprehensive services and support for families experiencing homelessness, are expanding their three-year community partnership to introduce and expand their efforts to help low-income families gain financial understanding and capability.

Woodforest and Family Promise

Pictured from left to right: Sedrick McCallum, Community Development Team Leader, Claas Elhers, CEO, Family Promise, and Daniel Galindo, Vice President, CRA Strategic Initiatives Director

"We are extremely grateful to continue our innovative programming with Family Promise and its Affiliates to expand delivery methods by digitizing New Beginnings, a financial capability curriculum developed in 2014. Collectively we've educated thousands of families and individuals, and it feels great to empower our local communities with the knowledge to make educated decisions for their financial needs," said Doug Schaeffer, CRA Executive Director, EVP, Woodforest National Bank.

  Woodforest and Family Promise, second picture

Pictured from left to right: Della Spencer, Community Development Relationship Officer, Woodforest National Bank, Cathy Nash, President and CEO, Woodforest National Bank, Claas Elhers, CEO, Family Promise, and Daniel Galindo, Vice President, CRA Strategic Initiatives Director

He continued: "We're also excited to further our collaboration with Family Promise by creating a responsive, micro-enterprise curriculum focused on strengthening financial capability. This endeavor adds new resources to Family Promise's already expansive program offerings and is key for micro-enterprise development in areas that need it most. Overall, our community partnership with Family Promise helps us make a direct impact in the communities we serve, and we look forward to continuing this momentum."

In 2014, Woodforest National Bank and Family Promise teamed up to create New Beginnings, an extensive financial capability curriculum designed to address the needs of low-income families. The curriculum provides lessons in budgeting, credit, saving, banking and smart shopping.

Here is a snapshot of the new initiatives Woodforest National Bank and Family Promise will start rolling out in 2018:

  • Digitize New Beginnings – develop a web-based, interactive tool to help families increase their financial skills, reinforce lessons graduates learn while in the Family Promise classroom program and create an online resource center for other community organizations serving low-income individuals.

  • Micro-Entrepreneurial Initiative – engage and motivate individuals to go beyond basic financial concepts to begin some level of enterprise, such as creating a stand-alone business or additional income.

  • Financial Capability Program — teach families to make sound financial decisions to improve their overall financial health while positioning them for greater financial stability and mobility.

Family Promise CEO, Claas Ehlers, echoes this shared commitment: "We are thrilled to expand the community partnership with Woodforest National Bank. This collaboration has been incredibly valuable to the families we serve, our Affiliates, and Family Promise nationally. Woodforest understands the need to invest in communities and people, and shares our belief that skills and assets can move families not just from homelessness but to sustainable independence. We are fortunate to partner with such a visionary corporation."


About Woodforest

Celebrating 37 years of banking service, Woodforest National Bank has successfully stood among the strongest banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest was recently awarded the highest 5-star superior rating for a 5th consecutive year by BauerFinancial, Inc, the nation's leading independent bank and credit union rating and research firm, Woodforest currently operates banking offices and over 700 branches in 17 states across the United States.

About Family Promise

Founded in Summit in 1988 to address homelessness in Union County, Family Promise has grown into a national organization with 200+ Affiliates in 43 states. Since its inception, Family Promise has served more than 750,000 people, the majority of them children. Family Promise Affiliates served nearly 70,000 people last year by providing shelter, food, and a host of other comprehensive support services. On average, 74% of the families served by Family Promise secure housing within nine weeks of entering the program. For information about Family Promise, please visit www.familypromise.org.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

Doug Schaeffer
CRA Executive Director, EVP
Woodforest National Bank
212-203-1428
dschaeffer@woodforest.com

November 21, 2017

Woodforest National Bank® Opens New Community Center In Aurora, Illinois

The Woodlands, Texas - Woodforest National Bank recently opened a new community center in the revitalizing Aurora, Illinois downtown area located at 140 South River Street, Suite 114. The center includes a full-service depository ATM, and a conference room available for use to community-based organizations.

Woodforest opens new community center in Aurora

"Investing time and resources into the communities we serve is a top priority for Woodforest. Our goal is to have community centers like this across our footprint that foster collaboration, and provide a space for ideation sessions with local partners to develop initiatives that strengthen the neighborhoods where we live and work," said Doug Schaeffer, CRA Executive Director, EVP, Woodforest National Bank.

Community organizations who joined Woodforest National Bank leaders for a grand opening ribbon cutting ceremony included representatives from Aurora Chamber of Commerce, Aurora Hispanic Chamber of Commerce, Aurora Mayor's Office, Aurora Public Library Foundation, Chicago Community Loan Fund, City of Aurora, Hesed House, Invest Aurora, Junior Achievement of Chicago, Northern Illinois Food Bank and Women's Business Development Center.

The onsite full-service depository ATM is available to assist Woodforest National Bank customers with deposits, withdrawals and around-the-clock account access (and non-bank customers with cash withdrawals 24 hours a day). Full-service Woodforest National Bank branches near the community center are conveniently located inside the Oswego, Aurora, and Montgomery, Illinois Walmart stores.

The new Woodforest National Bank community center will house community development officers and retail banking employees. The community development officers will assist with scheduling the conference room space for those working to revitalize the local Aurora community. Please visit the center to learn more.

Community Center at Aurora, Illinois


About Woodforest

Celebrating 37 years of banking service, Woodforest National Bank has successfully stood among the strongest banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest was recently awarded the highest 5-star superior rating for a 5th consecutive year by BauerFinancial, Inc, the nation's leading independent bank and credit union rating and research firm, Woodforest currently operates over 700 branches in 17 states across the United States.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

November 9, 2017

Woodforest National Bank® Receives Corporate Social Responsibility Award From America's First Hispanic Chamber

The Woodlands, Texas - Woodforest National Bank recently received the Max Navarro Corporate Social Responsibility Award from the San Antonio Hispanic Chamber of Commerce. The award was presented to Woodforest, and three other area businesses (including Walmart) who are committed to advancing diversity in San Antonio and, for recent humanitarian aid during Hurricane Harvey.

"Woodforest National Bank went above and beyond to mobilize their employees and local community members to help those affected by Hurricane Harvey," said Ramiro Cavazos, President and CEO, San Antonio Hispanic Chamber of Commerce. "It's wonderful to see one of our proud San Antonio Hispanic Chamber of Commerce members taking corporate social responsibility to a new level and giving back in such a meaningful way."

Doug Schaeffer, CRA Executive Director, EVP, Woodforest National Bank added, "At Woodforest, we are committed to being responsive to the ever changing needs of our communities. Our San Antonio team endeavours to be a catalyst of change in the neighborhoods where we live and work. It is an integral part of our business to team up with local chambers and other community stakeholders to respond to disasters, and promote revitalization and economic development efforts. We are very grateful to the San Antonio Hispanic Chamber of Commerce for this distinguished recognition and their ongoing community partnership."

This corporate responsibility award was presented at the Leaders in Excellence Awards Luncheon held during the chamber's 2017 Business Connect Summit. The San Antonio Hispanic Chamber of Commerce is San Antonio's largest independent business organization with more than 1,300 members. Learn more at sahcc.org/connect.


About Woodforest

Celebrating 37 years of banking service, Woodforest National Bank has successfully stood among the strongest banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest was recently awarded the highest 5-star superior rating for a 5th consecutive year by BauerFinancial, Inc, the nation's leading independent bank and credit union rating and research firm, Woodforest currently operates 700 branches in 17 states across the United States.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

Daniel Galindo
Vice President, CRA Strategic Initiatives Director
Woodforest National Bank
210-862-0511
dgalindo@woodforest.com

November 8, 2017

Woodforest National Bank® Opens Commercial Banking Regional Office In Los Angeles

The Woodlands, Texas - Woodforest National Bank recently celebrated the opening of a new Commercial Banking Regional office in downtown Los Angeles to provide commercial lending, payments and cash management and wealth management services to middle market companies and larger corporations based on the West Coast. The geographic coverage for the office includes Northern and Southern California, Arizona, Colorado, Nevada, Oregon, Utah and Washington

The new location will promote the bank's "WNB Commercial" brand for its strategy in this region and will be led by David Macdonald, Regional President for Woodforest National Bank. Macdonald previously lead HSBC's Southern California middle market & large corporate group where he established a new relationship management team in late 2010 and had tremendous success in building a significant commercial banking portfolio. Prior to HSBC, Macdonald was the Head of Corporate Banking for Lloyds Banking Group, responsible for their regional offices across the US and a number of dedicated sector teams.

The opening reception, held at the new regional office, featured guest speaker Bill Allen, CEO of Los Angeles County Economic Development Corporation (LAEDC). Allen commented, "WNB Commercial is entering the fast growing western U.S. regional market at a propitious time. The LA metropolitan regional economy alone now exceeds $1 trillion per year and with innovative enterprises in many industry sectors scaling quickly here, we welcome the WNB Commercial team and their demonstrated commitment to providing commercial lending, wealth management and first class client service. And we salute the fact that their initial provision of capital to visionary entrepreneurs in our region is already helping create hundreds of well-paying new jobs here in LA County."

The new WNB Commercial team has a strong bench including Carlos Ramos, David Molnar and Kyle Kneubuhl, Senior Vice President Relationship Managers for Woodforest National Bank, who each worked with Macdonald in their previous organizations. WNB Commercial's strategy is to provide "big bank" expertise within a smaller, nimbler and more responsive institution while delivering an exceptional client experience. "We invested in the latest technology and experienced bankers so we can deliver a first class client experience with a "boutique" feel," said Macdonald.

Sector specialisms for the team include companies in the food and beverage sector, franchising, healthcare and professional practices, retail and apparel, and technology oriented businesses. In addition, middle market businesses and larger corporations within all key industries in the local economy are actively targeted.

The WNB Commercial team currently services a portfolio of over 40 family owned businesses, middle market, and large corporate clients. The client base includes such companies as Air Lease Corporation and Hooman Nissani of Nissani Bros. Auto Mall, who recently opened a location in Playa Vista with over 149 vehicle service bays and plans for up to 8 car dealerships, creating over 800 new jobs to help support the vibrant LA County economy.

About Woodforest

Celebrating 37 years of banking service, Woodforest National Bank has successfully stood among the strongest banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest was recently awarded the highest 5-star superior rating for a 5th consecutive year by BauerFinancial, Inc, the nation's leading independent bank and credit union rating and research firm, Woodforest currently operatesand 740 branches in 17 states across the United States.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

October 2017

Woodforest National Bank® recently presented a donation of $135,000 to The Salvation Army for their ongoing support of Hurricane Harvey relief efforts in Texas

Woodforest National Bank recently presented a donation of $135,000 to The Salvation Army for their ongoing support of Hurricane Harvey relief efforts in Texas.

As Hurricane Harvey caused widespread damage across the state, Woodforest employees and customers wanted to help. They quickly organized fundraising efforts in the bank’s 740 branches throughout 17 states during the month of September and designated all donations to be given to The Salvation Army to assist them in providing ongoing physical, emotional and spiritual care to survivors and relief workers in Texas. The Salvation Army has remained in communities impacted by this terrible storm, supporting long-term disaster recovery efforts and providing ongoing assistance to those in need.

“Many times the best way to help after a disaster is to make a financial contribution to a charity like The Salvation Army to help them stay on the front lines and help as many people as possible,” said Julie V. Mayrant, President-Retail Division for Woodforest National Bank. “We are extremely grateful to our employees and customers for their generous support in these efforts.”

“Since Hurricane Harvey made landfall on August 25 The Salvation Army has coordinated a massive response along the Texas coastline spanning from Corpus Christi more than 300 miles to Orange,” said Major Don Wildish, The Salvation Army Officer in Conroe. “Officers, staff and volunteers from throughout the United States have diligently served hurting communities, working from our mobile feeding units, and have delivered more than 900,000 hot meals, drinks and snacks to those affected by the storm. More than 50,000 Texans have received emotional and spiritual care from our teams. As the needs of survivors have gradually changed, The Salvation Army service has transitioned from emergency assistance to intermediate and long-term recovery. We have established multiple Points of Distribution in warehouse facilities in affected areas and anticipate beginning case work with individuals and families in the near future. We are so grateful for the support of Woodforest National Bank as The Salvation Army continues to meet the needs of those affected by Hurricane Harvey."

Woodforest will continue to designate donations collected in its branches located throughout Texas to hurricane relief efforts through the end of the year. Organizations selected to benefit from these donations include The Texas Association of Community Development Corporation (TACDC), Houston LISC, PeopleFund, and BCL of Texas, all of which will positively impact small business rejuvenation in Texas.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

October 10, 2017

Habitat for Humanity Unveils Donor Wall at Home Improvement Resale Shop

Habitad for Humanity Unveils Donor Wall at Home Improvement Resale Shop

Montgomery County, Texas - Habitat for Humanity of Montgomery County, TX recently hosted a reception to unveil the new donor wall featured at its ReStore home improvement resale shop.

The wall showcases colorful plaques with the names of the generous donors who have supported the new and expanded non-profit home improvement resale store and donation center. Officially named “ReStore at the Woodforest Center” the new facility opened in February of 2016 at 9407 S.H. 242 in Conroe, approximately one and a half miles east from I-45, near The Woodlands.

During the reception, Habitat for Humanity of Montgomery County’s executive director Barbara Smith said, “We are so grateful for the commitment and vision of these individuals and organizations that has allowed us to construct a brand new ReStore at a prime location. Since its opening, ReStore has successfully generated important sustainable funding which in turn enhances Habitat for Humanity’s ability to build strong and safe homes and provide families with a life changing opportunity. We are extremely thankful for our donors.”

The donors recognized on the wall include: Pacesetters -Anadarko Petroleum Company and Woodforest National Bank; Cornerstone - Larry J. Abston, Lisa and Fred Koetting, Schulte Building Systems, Inc., Strike, Allison and Michael Wortley; Benefactor - Barbara and Stephen Crain, Megan and Cole Pate, SLI Group, Inc.; Patron - Colleen and Stephen Brown, Patricia and Travis Brown, Nikki and Eric Hird, Gail and Chris Osborne Family, Waste Management; Friends - Cyndi and Ron Brandt, Chevron Corporation, ConocoPhillips, Dominion Foundation, Duferco Steel, Huntsman, Suzanne and Dennis Millet, Brenda and John Mizell, Diane and Hal Novak, Sharon and Steven Primeau, Revenew International, In Memory of Tammy Roberts, Barbara and Michael Smith, Wells Fargo Bank.

The HabitatMCTX ReStore sells new and gently-used furniture, home accessories, building materials, appliances and more to the public at a fraction of the retail price. The ReStore concept reduces sub-standard housing, helps improve living conditions, and is environmentally friendly by re-purposing items for reuse and recycling. Proceeds from the sale of donated items are used by HabitatMCTX towards its mission of bringing people together to build homes, communities and hope. Through Habitat for Humanity, a faith-based nonprofit ministry, they are offered hope for a better future through a self-help solution. In an effort to facilitate decent, affordable homes in partnership with those in need, Habitat for Humanity provides permanent housing solutions to very low-income working families, helping them to become homeowners and break the cycle of poverty.

Photo: Pictured from left to right are: Allison and Michael Wortley, Habitat Board; Cole Pate, President and COO of Strike and Habitat Board, and Megan Pate; Barbara Smith, Habitat for Humanity of Montgomery County’s Executive Director; Larry Abston, Vice President of Corporate Audit for Anadarko Petroleum Company and Habitat Board Secretary; Lisa and Fred Koetting, CEO and President of Schulte Building Systems; Patricia Brown, Conroe Regional President of Woodforest National Bank and Habitat Board President; Isabel Jones, Habitat for Humanity of Montgomery County’s Director of Development.

Source: Woodlands Online®

October 2017

Woodforest National Bank®  Honored With ABA Foundation Community Commitment Award

The Woodlands, TX (October, 2017) - Woodforest National Bank has been nationally recognized by the American Bankers Association Foundation for its Wealth Building through Homeownership program with a 2017 Community Commitment Award. The award was given to Woodforest for its efforts in the Affordable Housing category and will be presented during ABA’s annual convention in Chicago on October 17.

Entries were divided in to six categories including affordable housing, community and economic development, financial education, economic inclusion, protecting older Americans and volunteerism. Award winners were chosen by a field of nationally-recognized experts.

Woodforest’s Wealth Building through Homeownership program, created in November, 2016, expands down payment assistance (DPA) through a first-of-its kind private-public venture with Texas Department of Housing and Community Affairs (TDHCA) to encourage low-to-moderate income (LMI) homeownership through an innovative $10 million loan agreement that increased access to DPA and closing cost funds. In the first five months, the program with TDHCA created over 1,500 new homeowners, with more than 81% of homeowners being LMI, representing over $250 million in new mortgages. The effectiveness of the program was also buoyed by Woodforest expanding housing counseling capacity across Texas through both direct homeownership education as well as providing scholarships through NeighborWorks® America to Housing Counseling Organizations to prepare for the Dodd-Frank Housing Counseling Certification.

“Research indicates a down payment can be one of the biggest hurdles for a potential homeowner. By lending TDHCA $10 million in affordable, long term, and reusable capital, TDHCA was able to increase the amount of funds available to Texas borrowers for zero percent down payment and closing cost assistance loans and offer a lower rate on their first mortgage; thus reducing the cost of home ownership. Since Woodforest is not a traditional mortgage lender, we wanted to find an effective solution to help people afford a home,” said Doug Schaeffer, Executive Vice President-CRA Director for Woodforest National Bank. “This program has had a tremendous direct impact in our communities. We are proud to lead the charge in finding new and innovative ways to grow homeownership in low- and moderate-income communities across Texas. Woodforest is currently syndicating the next round of financing and encourages interested community banks and minority depository institutions to participate in this innovative program. Interested parties can contact our Community Development team at the information provided below.”

“In a public/private structure the Texas Department of Housing and Community Affairs works with Woodforest National Bank to fund down payment assistance, making stable and affordable home ownership possible for low, very low and moderate income Texans. In addition to the benefit to these homeowners, it helps ensure Texas communities of a more stable workforce and provides essential financing for Texas’ homebuilding industry, said Tim Irvine, Executive Director of TDHCA. “This isn’t a win/win. It’s a win/win/win/win!”

“Wealth Building through Homeownership Program demonstrates Woodforest’s strong and passionate commitment to bettering the lives of its customers and local community,” said Rob Nichols, ABA president and CEO. “Their work embodies the mission of the Community Commitment Awards and they are a truly well-deserved recipient.”

About Woodforest

Celebrating over 35 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest currently operates over 700 branches in 17 states across the United States.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank
832-375-2508
cstewart@woodforest.com

Community Development Team Contacts

Doug Schaeffer
EVP-Director Community Reinvestment
dschaeffer@woodforest.com

Daniel Galindo
VP-Director of CRA Strategic Initiatives
dgalindo@woodforest.com

July 2017

Woodforest National Bank® Woodforest National Bank gives $1 million gift to Houston Methodist The Woodlands Hospital 

Woodforest National Bank Sky Plaza

Front row(L to R): David Bratton, Dr. B.J. Westbrook, Michael Richmond, Kim Marling, Cathy Nash, Debbie Sukin, Larry Eichenbaum, Dr. Gerald Cobb, Ken Babcock, Kelly Holmes. Back Row (L to R): Dr. Dearl Dotson, Tom McCarley, Robert Marling, James More

The Woodlands, TX (July 24, 2017) - Houston Methodist The Woodlands Hospital’s leadership team and Woodforest National Bank Board members celebrated the naming of Woodforest Bank Sky Plaza during a ribbon cutting ceremony on July 19, 2017.

In late 2016, Woodforest National Bank committed $1 million to the new hospital to name its third floor atrium space and support the hospital’s Excellence Fund.

The Excellence Fund advances the hospital’s highest priorities and accelerates innovative research and physician recruitment in key clinical areas.

“Our demonstrated commitment to our communities is a perfect match for a partnership with Houston Methodist The Woodlands Hospital,” said Cathy Nash, CEO of Woodforest National Bank. “Our gift to the Excellence Fund provides the forum for our organizations to work together with a focus on offering the best programs, delivering Leading Medicine right here in The Woodlands, and making a positive impact on our friends and neighbors.”

The $1 million gift is the largest philanthropic commitment to a Houston Methodist hospital, outside the Texas Medical Center.

“Not only are we thankful to Woodforest National Bank for this remarkable gift, but we are also thankful that our institutions share common values and the commitment to serve The Woodlands and surrounding communities with integrity and purpose,” said Debbie Sukin, CEO of Houston Methodist The Woodlands.

Woodforest Bank Sky Plaza is among the most prominent spaces in the new hospital. It provides a space for patients, visitors, physicians and staff to visit and relax, and it will be the site for future hospital and community gatherings.


Source: Woodlands Online®

May 2017

Woodforest National Bank®Awarded Five Star Superior Financial Strength Rating for Fifth Consecutive Year

The Woodlands, TX (May 30, 2017) - Woodforest National Bank announced that it has been awarded the highest 5-star superior rating for a 5th consecutive year by BauerFinancial, Inc., the nation’s leading independent bank and credit union rating and research firm. Bauer released its most recent ratings based on December 31, 2016 financial data using certain criteria to determine the rating including but not limited to capital ratio, profitability, asset quality, risk management, regulatory supervisory agreement, the community reinvestment rating (CRA) and liquidity.

Cathy Nash, President and Chief Executive Officer of Woodforest National Bank states, “A 5-Star superior rating is an incredible honor. To be awarded the highest financial strength rating for a 5th consecutive year indicates that Woodforest is one of the strongest banks in the nation and positions us to help meet the needs of our customers and the communities we serve. According to the BauerFinancial Star Rating History report Woodforest has received 4-Star Excellent and 5-Star Superior ratings consecutively since 1992.”

BauerFinancial, Inc., Coral Gables, Florida, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.


Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank 832-375-2508
cstewart@woodforest.com

Woodforest Bank Boat House opens in Northshore Park

The Woodlands, TX (May 11, 2017)

The Woodforest Bank Boat House opens today in Northshore Park, located at 2505 Lake Woodlands Drive in The Woodlands, Texas. The brand new 7,000-square-foot boathouse facility on the waterfront of Lake Woodlands provides a home for the Rowing Club of The Woodlands and Parati Competitive Rowing, and includes space open to the public.

Woodforest National Bank®, headquartered in The Woodlands, was the main contributor, funding more than 75 percent of the cost to build the boathouse facility. This public/private partnership is the first of its kind in The Woodlands, with the Woodlands Township providing the land and the clubs raising money privately to build the boathouse.

“This is an exciting time to be in The Woodlands,” said Cathy Nash, CEO of Woodforest National Bank. “Rowing embodies the values of hard work, discipline and teamwork. By partnering with The Woodlands Township, Woodforest National Bank is honored to ensure this important and growing sport has the opportunity to thrive within our community with this new, permanent facility.”

For more information about The Woodforest Bank Boat House and Northshore Park renovations, please contact The Woodlands Township Parks and Recreation Department at 281-210-3800, or follow The Woodlands Township Parks and Recreation Facebook Page at www.facebook.com/townshipparksandrec.

Fast facts about the Woodforest Bank Boat House

Owner: The Woodlands Township

Users: The Woodlands Township, Rowing Club of The Woodlands and Parati Competitive Rowing

Purpose: Provision of a public boat storage facility for residents of The Woodlands and the development of a permanent facility for rowing in The Woodlands

Partners: Woodforest National Bank, The Woodlands Township, Rowing Club of The Woodlands and Parati Competitive Rowing

Builders, Architects: Frost Construction; Burditt Land | Place

Costs: $650,000

Location, address: Northshore Park, 2505 Lake Woodlands Drive, The Woodlands TX 77380


For media inquiries contact:

Nick Wolda
nwolds@thewoodlandstownship-tx.gov

Source: The Woodlands Township

March 2017

Woodforest National Bank®Announced the Creation of CDFI Community Investment Fund, LLC.

The Woodlands, TX (March 28, 2017) – Woodforest National Bank (Woodforest) in partnership with Opportunity Finance Network (OFN) recently announced the creation of the CDFI Community Investment Fund, LLC. The fund will provide cost effective, flexible, subordinate long term investment capital for Community Development Financial Institutions (CDFIs). The fund is an equity equivalent (EQ2) investment with an initial funding commitment of $5 million, with an option to increase the commitment up to $20 million over the next four years. The fund will provide patient capital to CDFIs financing small businesses and other community development projects in affordable housing, economic development, and neighborhood revitalization and stabilization throughout Woodforest’s footprint.


Woodforest understands the tremendous impact of small businesses and the growth opportunities it can provide for a community, particularly in low-wealth neighborhoods. These small businesses are social economic drivers providing local jobs, filling the gap in goods and services, and have become effective community reinvestment drivers. Woodforest’s small business growth initiative is a multifaceted approach aimed at building America’s small businesses and enhancing access to capital, particularly women, minority, veteran, and rural small businesses. Small businesses among people of color, particularly Latino and African American women continue to grow exponentially. An integral component to ensuring small businesses have access to alternative and responsible capital is by increasing investment to CDFI’s who provide critical lending and technical expertise to aspiring and existing entrepreneurs.


“Woodforest is proud to partner with the OFN to facilitate and manage equity investments to CDFIs who play an integral role in developing small businesses, particularly in low-wealth communities,” said Doug Schaeffer, Executive Vice President-CRA Director for Woodforest National Bank. “Woodforest is deeply committed and proud to be a catalyst for change in the communities we live.”


According to Robin Odland, Executive Vice President-Financial Services for Opportunity Finance Network, “OFN is very excited to partner with Woodforest National Bank to create the CDFI Community Investment Fund, LLC—an innovative funding vehicle for CDFIs. The fund will provide much needed, flexible capital, which can be leveraged with conventional senior debt capital.”


The fund will make 10 year investments to CDFIs working within Woodforest’s 17 state market. Interested CDFIs may seek additional information by visiting ofn.org/cdfi-community-investment-fund.


Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank 832-375-2508
cstewart@woodforest.com

January 2017

Woodforest National Bank®Donates $30,000 to the Hurricane Matthew Carolinas Relief Fund

Charlotte, NC – January 2017 – Woodforest National Bank employees throughout the state of North Carolina recently organized fundraising efforts to help stock the shelves of Second Harvest Food Bank of Southeast NC. Donations collected at every Woodforest branch across the state of North Carolina during the months of October, November, and December have been allocated to Second Harvest of Southeast NC in support of their long-term relief efforts for Hurricane Matthew victims.


So many families continue to deal with the aftermath of Hurricane Matthew’s severe flooding and Woodforest is proud to partner with Second Harvest Food Bank of Southeast NC to support their commitment to provide much needed essentials to feed these families”, stated Matthew Clatworthy, Senior Vice President and North Carolina Divisional Manager of Woodforest National Bank.


"We are grateful for the support of Woodforest National Bank, and delighted for their continued partnership in our efforts to solve hunger. This donation is a great start to the new year as we continue to provide critical relief to the many families still displaced by Hurricane Matthew”, said Ron Pringle, Director of Second Harvest Food Bank.

Hurricane Matthew Relief Fund


For information regarding Second Harvest Food Bank of Southeast NC and how you can help with donations, visit www.foodbankcenc.org.

Media Contact

Cindi Stewart
Sr. Vice President-Public Relations Director
Woodforest National Bank 832-375-2508
cstewart@woodforest.com

Woodforest National Bank

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