SOCIAL RESPONSIBILITY 14 Small Business We’ve always made it our mission to help our clients Hancock Whitney participates in various bond loan and their businesses succeed. Regardless of whether a programs. A mortgage revenue bond loan or “bond loan” business is well established, expanding rapidly, or just is a type of mortgage loan where the cost of borrowing starting out, we aim to build trust, provide convenient is partially subsidized by a mortgage revenue bond. banking solutions and support our unique communities. State and local governments sponsor these programs In 2022, we provided 5,568 small business loans totaling that offer low-interest loans and sometimes closing $609 million to help drive economic growth and job cost assistance tailored to meet the needs of low- and creation across the Gulf South. moderate-income families. In 2022, Hancock Whitney originated approximately $5.4 million in affordable Beyond funding, Hancock Whitney makes it a priority housing state and local bond loans. to help ensure small businesses have the resources needed to grow and succeed. Hancock Whitney Small Affordable Housing and Economic Partnering to revitalize neighborhoods one home at a time. Business Matters, a comprehensive, companywide Development Grant Initiatives entrepreneurship and small business outreach program, Opportunity Loan Program aims to educate and create opportunities, with an emphasis on minority and women owned businesses. Through a partnership with the Federal Home Loan Aligned with the company’s commitment to Concentrating on four entrepreneurial and small business Bank (FHLB) of Dallas, we participate in several of their homeownership, we offer a robust mix of mortgage success goals (Grow, Fund, Market and Manage), the Community Investment programs that support housing portfolio products. These in-house products offer the program also helps deliver access to financial opportunity and economic growth activities. FHLB grants include bank the opportunity to expand access to credit for core to Hancock Whitney’s commitment to diversity, down payment and closing cost assistance for first time underserved and diverse communities. Specifically, our equity and inclusion. homebuyers, renovation grants for elderly homeowners products offer low cost, affordable, fixed rate mortgages and qualified economic development projects and across the bank’s footprint, especially in low-to-moderate Affordable Housing community revitalization in targeted communities. income and minority communities. We understand that access to safe and affordable housing In 2022, Hancock Whitney facilitated $226,036 in FHLB In 2022, Hancock Whitney’s Opportunity Loan program is the foundation of an individual’s or a family’s well-being grants. Since 2000, the bank has facilitated more than provided $184 million in mortgage lending for 609 and a factor in establishing vibrant communities. We are $12.2 million in grants for nonprofit organizations serving households. strongly committed to offering and supporting mortgage low- and moderate- income communities. assistance programs to help make our clients’ home ownership dreams a reality. The Homebuyer Equity Leverage Program (HELP) provides grant assistance directly to participating Hancock Whitney mortgage loan recipients. HELP works in conjunction with other mortgage assistance programs to help potential homebuyers qualify for a home. In 2022, through HELP, Hancock Whitney assisted 6 homebuyers and provided $58,800 in down payment assistance.
2022 Hancock Whitney ESG Report Page 13 Page 15