EagleBank Provides Financing to Kids in Need of Defense (KIND)
12 October 2023 - 9:00PM
EagleBank (NASDAQ: EGBN), one of the largest community banks in the
Washington, D.C. area, today announced that it provided a
$9,000,000 revolving line of credit to Kids in Need of Defense
(KIND) to support their working capital for a new contract with
Vera Institute of Justice, Inc. (VERA).
KIND is a U.S.-based nongovernmental
organization devoted to the protection of unaccompanied and
separated children. Founded in 2008 by the Microsoft Corporation
and co-founder and patron Angelina Jolie, KIND addresses the gap in
legal services for unaccompanied minors by providing legal
assistance and social services to these children.
Through legal partnerships with organizations
like VERA, KIND provides pro bono legal representation for refugee
and migrant children across our nation. Since its inception, KIND
has received referrals for more than 30,000 cases, and now serves
over 5,000 children annually in partnership with over 755 law firm,
corporate, law school and bar association partners.
KIND complements its legal efforts with social
services by connecting thousands of migrant children – and their
caretakers – with essential medical care, mental health care,
educational opportunities, and crisis intervention to ensure their
safety and well-being. KIND also partners with similar
organizations to support these types of services in other countries
like Belgium, France, Greece, Ireland, Italy, Poland, and the
United Kingdom.
The loan transaction was handled by EagleBank’s
experienced commercial lending team, including Vice President,
C&I Relationship Manager Stephanie Lawrence, 1st Assistant Vice
President, C&I Portfolio Manager Talita Ellis, and Officer,
C&I Portfolio Administrator Karen McCadden.
“Every child deserves the right to safety and
protection, regardless of their immigration status,” said Lindsey
Rheaume, Executive Vice President and Chief Lending Officer
C&I. “EagleBank is proud to support nonprofit organizations
with a vision and mission like KIND, whose work in providing legal
representation to immigrant children is crucial in ensuring that
these vulnerable young individuals have a fair chance at a better
future.”
About Kids in Need of Defense
KIND envisions a world in which children’s rights and well-being
are protected as they migrate alone in search of safety. KIND
ensures that no child appears in immigration court without high
quality legal representation; advances laws, policies, and
practices that ensure children’s protection and uphold their right
to due process and fundamental fairness; and promotes durable
solutions to child migration that are grounded in the best
interests of the child. KIND staff across the United States,
Mexico, and Europe, and our extensive network of private sector pro
bono and NGO partners provide unaccompanied children with
innovative holistic care that includes legal representation and
assistance and psychosocial support. For more information, visit
www.supportkind.org.
About Eagle Bancorp, Inc. and
EagleBankEagle Bancorp, Inc. is the holding company for
EagleBank, which commenced operations in 1998. EagleBank is
headquartered in Bethesda, Maryland, and conducts full service
commercial banking through 13 offices, located in Suburban,
Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses
on building relationships with businesses, professionals and
individuals in its marketplace.
EagleBank ContactVikki KayneChief Marketing
Officer301.986.1800
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