Bank Partnership Helps Ex-Offenders

Sydney Diavua

Cascade, 2016, vol. 2

Abstract: In an effort to support community stabilization in Monroe County, PA, a local community bank last year entered into a unique partnership with a community college, a health-care system, and a district court to help ex-offenders reintegrate into their communities. ESSA Bank & Trust,1 located in Stroudsburg, PA, provides financial education and loans to ex-offenders who are leaving the federal corrections system and transitioning back into the community. Bank president and chief executive officer Gary S. Olson notes: ?We [ESSA Bank & Trust] were looking for ways to strengthen our ties and impact in the community and this partnership provides that opportunity.? Through this program, ESSA Bank & Trust and its partners seek to reduce the rate of recidivism and improve outcomes for individuals and families.

Keywords: financial education; criminals; community development (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpca:0058

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