About 50 local pastors and financial managers from faith-based organizations accepted an invitation from Seaway Bank, 2102 W. Fond du Lac Ave., to break bread and hear about services tailored specifically to their needs.
Tracy L. Meeks, senior vice president and north division manager of Seaway Bank, described the bank’s Church Partnership Initiative to the Milwaukee audience. The program aims to “provide financing opportunities a lot of churches need,” said Meeks.
Started by the bank in 2006 in Chicago, the program offers free consultation, various types of financing and special services for pastors. Seaway purchased Legacy Bank earlier this year.
“It’s very informative to hear about some more specific programs, like the free checking for nonprofit organizations and pastors, and their mortgage with 1 percent down,” said Walter F. Harvey, senior pastor at Parklawn Assembly of God, 3725 North Sherman Blvd. Parklawn Assembly of God has a construction loan from Seaway Bank.
Harvey said the church is interested in improving Parklawn Christian Leadership Academy, which it operates. “There’s the possibility for us to expand our school to higher grades. We could add more children, and do more renovations and upgrades that make the classrooms more attractive and bring in more technology.”
Meeks told the group, “We are a community bank. …We’re letting the community know that we are here to lend and we are here to give back to the community.”Did you like this story? Subscribe to NNS today.