Community Programs

CRA Statement

Artisans’ Bank maintains a regulatory obligation to seek, understand, and actively help meet the credit and financial services needs of the communities the Bank serves, including both low and moderate income and geographic sectors. The Board of Directors, Officers, and Associates of Artisans’ Bank remain deeply committed to the spirit of the Community Reinvestment Act (CRA) and demonstrate this commitment by promoting a roster of innovative and flexible consumer loan and consumer deposit products and services throughout our CRA Assessment Area; by providing leadership and outreach to many non-profit agencies that serve this segment of our community; and by investing in assets that help support the community’s credit and financial services needs. 


CRA Assessment Area

Artisans’ Bank serves all three counties within the State of Delaware: New Castle County, which is within Metropolitan Area (MA) 48864; Kent County, which is within Metropolitan Area (MA) 20100 and Sussex County, which is currently not within a Metropolitan Area. This CRA delineation is based on the location of its full service branch and loan production offices.


Loan Products: 

First Time Home Buyer Discounts

The Bank offers low and moderate income first time home buyers a slightly reduced interest rate and/or points and a reduction in bank originated mortgage fees. Please contact our Residential Lending department for details. 


Credit Builders Loans

This consumer loan assists borrowers in accruing the savings necessary for a home purchase down payment. 
Proceeds from a consumer loan of $500 to $2,000 are deposited into an Artisans’ Bank Free Savers account 
that secures the loan. Borrowers repay the loan over a twelve month period, from their cash flow, while
strengthening their credit rating. Applications for Credit Builder loans must come from a participating local 
agency (see below).


State of Delaware LIFT Program

The Bank continues to participate in the State of Delaware “LIFT” program. Governor Markell's Limited 
Investment for Financial Traction (LIFT) uses money from the state’s Strategic Fund to subsidize interest 
payments on approved small-business loans. The State will pay up to two years or $25,000 of interest payments
and businesses receiving a LIFT subsidy will repay the money after two years at 0% interest, with the individual
business owners giving personal guarantees as part of the program. If interested, please contact our Commercial Lending department for details.


Deposit Products: 

Free Savers Accounts

Free Savers Accounts are statement savings accounts with no minimum balance requirements or monthly service
fees. Free Savers accounts earn a 0.25% rate of interest and interest is compounded monthly and credited
quarterly. Free Savers accounts must be opened via a referral from a participating community service agency (see
below). Please contact our CRA Officer, Joel Schiller, at 302-884-6566 for details.


Low Minimum to Open CDs

Low Minimum to Open are six month term certificate of deposits which require only a $250 opening deposit. 
Accounts earn the Bank’s 6 Month CD rate of interest. Low Minimum to Open CDs must be opened via a
referral from a participating community service agency (see below). Please contact our CRA Officer, Joel 
Schiller, at 302-884-6566 for details.


Delaware Earned Income Tax Credit Campaign

The Bank supports the statewide Delaware Earned Income Tax Credit “Spend Some / Save Some” campaign
conducted by the Nehemiah Gateway CDC and the Delaware Alliance for Community Advancement VITA 
tax centers by offering Free Savers accounts to clients of these two agencies. Please contact our CRA Officer,
Joel Schiller, at 302-884-6566 for details.


Individual Development Accounts

The Bank supports the “Delawareans Save!” individual development “matched savings” accounts offered
through the First State Community Loan Fund and the YWCA of Delaware. IDA participants save for home
ownership, micro enterprise development, or continuing education and receive a federal match, if they meet their
personal savings goals. Individual Development Accounts must be opened via a referral from a participating 
community service agency (see below). Please contact our CRA Officer, Joel Schiller, at 302-884-6566 for 
details.


Bank in School Accounts

The Bank supports the Delaware Bank in School program by offering statement savings accounts to students. 


Approved Community Agencies 

If you would like to join the Bank’s list of approved community agencies and offer these products and services,
please contact our CRA Officer, Joel Schiller, at 302-884-6566.


Artisans' Bank has a long tradition of supporting our community through corporate support and employee volunteerism. Our Marketing and Community Relations Group manages requests for contributions, sponsorship, and volunteer programs. The Bank funds contributions though its annual operating budget and does not maintain a foundation or an endowment fund. To submit a grant or capital campaign request, please write to us at our corporate address and include the information you feel is important to be considered. We will do our best to consider your request in a timely manner.


Artisans' associates support a number of volunteer programs with their time and talents and are encouraged to volunteer with non-profit agencies and organizations that support our community. Volunteer partnerships have included building homes for Habitat for Humanity, preparing meals for seriously ill children and their families at Ronald McDonald House, teaching inner city children the importance of saving as part of the National Teach Your Children to Save Day, collecting food for the Basket Brigade of Delaware and Delaware Food Bank and filling holiday stockings with school supplies and other gifts for children through The Salvation Army's annual Holiday Stocking Program.


For more information about Artisans' community involvement, including its responsibilities under the Community Reinvestment Act, please contact the Bank's Community Relations Officer or our CRA Officer at 302-658-6881.


Artisans' Bank 
2961 Centerville Road
Wilmington, DE 19808