We’re committed to help meet the needs of borrowers in all segments of their communities, including those living in low- and moderate-income neighborhoods. As a community bank, it is our duty and privilege to do what is right. Our bank has funded various community development loans in order to meet the needs of the areas we serve. These include loans for affordable housing, agencies dedicated to disadvantaged youth, affordable childcare institutions, agencies dedicated to enhancing the lives of people with disabilities, downtown revitalization projects, children’s centers, healthcare facilities, and more.
The ESG portfolio is a mix of investments that utilize qualitative screens to invest in companies that adhere to the principals of socially responsible investing while delivering long-term capital growth. We have offered a specific internally managed ESG portfolio for more than 10 years, which is quite uncommon in our industry, as these types of portfolios have only reached the mainstream in recent years. Our portfolio performance has been strong over time, with its three-year, five-year and ten-year out-performance relative to the benchmark being greater than 2% on an annualized basis.
Our Smart Spend Checking is a checking account specifically designed for young people starting out in their financial lives and those taking steps toward financial wellness. The account is Bank On-certified which ensures everyone has access to safe, affordable transactional bank accounts. Smart Spend Checking includes many conveniences of traditional checking accounts, like online bill pay and debit card access, and is free from the hassle of overdraft fees or bounced checks. This product provides a less stressful path for members of the community, who aren’t currently having their banking needs met, take steps towards financial security.
In response to a volatile housing market, Tompkins has created a No Closing Cost Mortgage. The bank pays all non-personal, third-party fees on behalf of the mortgage applicant, bringing more homes into reach for new homeowners and leaving purchasers with more cash on hand for repairs and other expenses. Creating an additional pathway for first-time buyers to realize their dream of owning a home.
Deposit and loan products are offered through Tompkins Community Bank, Member FDIC. Investments and insurance products are not FDIC insured, are not bank guaranteed, and may lose value. Tompkins Insurance is licensed to conduct insurance business in all 50 states. Loans subject to credit approval.