Merchants National Bank Announces $30M Local Initiative in Athens County
October 4, 2022—Athens, Ohio—Merchants National Bank announced this week a series of new initiatives entitled MNB Means Business. The bank hosted a VIP customer event to launch the program, which is aimed at supporting business growth throughout Athens County. The cornerstone of this initiative is a special $30M loan pool intended specifically for Athens County businesses to support growth and encourage economic stability in the region. The overall initiative connects the local bank with businesses, non-profits, start-ups, and an innovative internship program with local institutions Ohio University and Hocking College.
MNB is aggressively seeking business client candidates in Athens County to take advantage of this special loan program with the goal of extending the entire $30M by the end of 2023. The bank believes the economic velocity of the local lending investment will yield an economic impact of greater than $150M as local businesses grow, reinvest, and spend the loan funds locally with other businesses.
To support the vibrant Athens County non-profit sector, the bank is also launching a $10,000 non-profit MNB Match program, designed to deliver much-needed matching grants to worthy area non-profit 501(c)3 organizations. Official non-profit groups will be able to apply for the matching grants throughout 2023.
