Illinois Lenders Invited to Investment Meetings

October 01, 2004

Bankers in Illinois are invited to attend one of two fall luncheon meetings to learn about a CRA investment opportunity from the Illinois Facilities Fund (IFF).

Sponsored by the Community Affairs Office of the Federal Reserve Bank of St. Louis, the Oct. 20 and 21 meetings will focus on the IFF. A nonprofit financial institution that helps Illinois nonprofit organizations through real estate and facilities-related loans, the IFF is seeking investors for its Investor Consortium Fund. The fund is designed to raise $100 million by issuing collateral trust notes.

The IFF has a diversified loan portfolio, lowering risk to financial institutions. In addition, the IFF provides investors with reports to assist them in receiving CRA credit.

The Oct. 20 luncheon meeting will be at the Seasons Lodge and Restaurant at Rend Lake Recreation Complex, located between Mt. Vernon and Marion, Ill. The Oct. 21 luncheon will be at Lonzerotti's Italia Restaurant, 600 E. State St., in Jacksonville, Ill.

For more information and to register for these meetings, call the Community Affairs Office at (314) 444-8646. To contact the IFF, call the Springfield office at (217) 525-7701 or the Chicago office at (312) 629-0060.

Bridges is a regular review of regional community and economic development issues. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.

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