EVB's Commitment to its communities 

Community Reinvestment Act
Affordable Housing - First-Time Home Buyers Program
Investments and Lending
Education
Employee/Corporate Philanthropy and Volunteerism  

EVB is committed to enriching the lives of those in our communities. EVB embraces the communities we serve and pursues opportunities to support low and moderate income communities.

Activities that show EVB's commitment to building a better place for our local communities.

• Haven
• YMCA
• Habitat for Humanity
• Athletes Striving for Education

AFFORDABLE HOUSING - FIRST-TIME HOME BUYERS PROGRAM
EVB is building stronger communities with a first-time home buyer program.

A major challenge to any potential homeowner is the ability to accumulate enough savings for a down payment and closing costs. For low-income families, the ability to save enough funds may seem insurmountable. That's why EVB teamed up with the Federal Home Loan Bank of Atlanta and can offer matching funds for down payment and closing cost for first-time homebuyers.

EVB has helped many families in the community realize the dream of homeownership. Find out if you qualify for up to $10,000 in matching funds for your first home purchase. For more information click here.

INVESTMENTS AND LENDING
EVB supports its community by investing in both local government projects and by participation with the Virginia Community Development Corporation ("VCDC") in low income housing projects. We made a commitment of $1 million to the Housing Equity Fund XII in the 3rd quarter of 2008, $1 million to Fund XI in 2007 and $1.5 million to Fund X in 2006. 

LENDING
Affordable Housing Developer Financing
Special affordable housing loans for the construction, renovation and preservation of affordable housing. 
These loans are available to investors and developers of affordable housing in the low-income and moderate-income neighborhoods where we do business.

Construction Financing
For new construction and rehabilitation projects, EVB provides stand alone construction financing or one-stop shopping for construction and permanent financing through a variety of term debt options. 

Who Benefits?

Developers of single-family subdivisions or multifamily rentals, making these properties available to those who earn 80% or less of the area median income.

EDUCATION
EVB recognizes the importance of ongoing education on topics addressing financial responsibility. Various EVB employees have conducted training in schools and civic organizations as well as served in leadership roles for community organizations. Some of these activities are listed below.

2007

• Served as Treasurer for local Habitat for Humanity.
• Spoke at a high school career day addressing skills needed for banking profession.
• Taught a class on credit scores and how to get a business loan.
• Spoke to students about obtaining a loan, the importance of paying on time and ensuring that their credit accounts are in good standing.
• Addressed a group on the topic of Identity Theft and how to protect themselves and what to do if they are a victim. The bank also donated a paper shredder to the organization.
• Spoke to senior citizens at a church about Identity Theft and how to protect themselves against becoming a victim.
• November 9, 2007 - "National Mortgage Day" - Representatives from EVB and EVB Mortgage were available in six of our branches. The purpose was to offer assistance to any individuals who might have questions about their current mortgage.

2008

• Branch manager and assistant branch manager participated in Career Days and taught second graders at an elementary school. They spoke to the students about savings accounts and how interest is earned.
• Branch manager presented a financial seminar to men of all ages about credit reports, budgets and how to handle their credit.
• Branch managers taught ninth graders at a high school and showed the students how to open accounts, balance their checkbook, and write checks and how to effectively save money. They discussed the different types of loans, the value of good credit and how to use credit cards responsibly.
• Held a Seniors' day to teach senior citizens how to sign up for Direct Deposit through the government's GODirect program. Other businesses in the community were invited to be on site to help the seniors if they had questions.
• June 2008 - EVB promoted the National Homeownership Month in our branches.

EMPLOYEE/CORPORATE PHILANTHROPY AND VOLUNTEERISM

EVB employees donate time and resources to the charity that they have identified to represent EVB's culture...Relay for Life. The employees whole-heartedly believe that every family is touched by this insidious disease. By raising money and awareness, EVB employees feel that they are making a rich contribution to society. EVB employees volunteer numerous hours of their own time. EVB, as a company, provides company time and paid time off for many volunteer efforts.
EVB donates approximately $200,000 to varied causes across its 25-branch network. Bank employees and regional boards are instrumental in making recommendations for corporate donations.