Providence Bank & Trust
Founded by a group of Christian businessmen and bankers, Providence Bank & Trust follows the principles of service and integrity. With over 200 years of collective banking experience in the areas we serve, we know the communities we serve and we understand the importance and the need to provide responsive, local banking services. The founders as well as the entire staff take pride in assisting every customer with his or her banking relationship. We believe in the relationship we form with you and in understanding your financial goals so we can help you achieve them. With our management team onsite, all decisions are made locally and quickly, keeping the banking process efficient for you. We realize that Providence Bank & Trust will be measured by the level of service we deliver to the community. We continually strive to provide service to our customers at a level unparalleled by our competitors.
NCIF invited 10 partner CDFI and Minority Banks to identify small business customers that are integral to their local communities and needed support to sustain their respective businesses through the pandemic. NCIF used over $100,000 of its own funds to pilot an unrestricted microgrant program as gap funding to these customers. Our first batch of microgrants was given to social entrepreneurs, retail businesses, community facilities, affordable housing organizations, arts nonprofits, and other small businesses across the country. These CDBA members are First Southwest Bank, Carver Federal Savings Bank, City First Bank of DC, Community Bank of the Bay, First Eagle Bank, Industrial Bank, Native American Bank, Providence Bank & Trust, Southern Bancorp, and United Bank.
The veteran Chicago banker and VP of Mission Deposits and Community Relationships at Providence Bank & Trust talks about the higher purpose he sees in banking. Milsap says that his goal is to build relationships between his bank and the community they serve by making clear our bank’s focus on community lending and stewardship.