Medica Supports Local Communities through Innovative Program
Medica’s President and Chief Executive Officer,
Under this program, Medica will deposit
“As a non-profit health plan, Medica has an obligation to place its reserves in credible financial institutions to ensure that we can meet our health insurance obligations,” said Naylor. “At the same time, we are always looking for innovative ways to invest in the communities we serve and we believe this is another way we demonstrate why Minnesotans place their trust in us.”
"Community banks are conduits to promote the economic success of towns and cities across Minnesota,” said ICBM President and CEO
About
Community banks channel their loans to the neighborhoods where their depositors live and work, which helps local businesses and communities thrive. According to the Federal Reserve’s “Small Business Credit Survey: Report on Employer Firms,” community banks are the small business lender of choice. Community banks comprise 99 percent of all banks, provide more than 60 percent of all small business loans and make more than 80 percent of agricultural loans. Moreover, community bank officers are typically deeply involved in their local communities.
About Medica
Medica (www.medica.com) is a non-profit health plan headquartered in
Medica’s vision is to be trusted in the community for our unwavering commitment to high quality, affordable health care. Medica’s annual report, which includes the organization’s community involvement activities, is available online.
About
ICBM’s vision is that every hometown in
View source version on businesswire.com: https://www.businesswire.com/news/home/20200122005597/en/
Medica
[email protected]
Matt Doffing
651-789-3988
[email protected]
Source: Medica
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