The U.S. Department of the Treasury announced that three additional Indiana community banks received a total of $122.6 million as part of the final wave of funding provided through the Small Business Lending Fund (SBLF). The SBLF, which was established as part of the Small Business Jobs Act that President Obama signed into law, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs.
The Indiana community banks receiving funding as part of today’s announcement include:
- First Merchants Corp., Muncie, – $90.8 million.
- Community Bank Shares of Indiana Inc., New Albany, – $28.0 million.
- AMB Financial Corp., Munster, – $3.9 million.
Overall, six Indiana community banks received a total of $181.2 million in SBLF funding.
For a full list of Indiana community banks that received SBLF funding, visit www.treasury.gov/resource-center/sb-prograns/pages/sblf_transactions.aspx for the most recent SBLF transaction report.
