Extraco Banks Launches Entrepreneur & Innovator Award Program

WACO, Texas, Dec. 6, 2018 /PRNewswire/ -- Today, Extraco Banks launched its Entrepreneur & Innovator Award Program by announcing PALS Home Health as the program's inaugural winner. The goal of the program is to provide Central Texas entrepreneurs the resources for growth and innovation through the awarding of grants, mentoring and business consultation.

"We're very excited about this new program and the opportunities it creates for all the entrepreneurs in the Central Texas area," said Doug Streater, President and CEO of Extraco Banks. "As a locally owned and operated business, Extraco knows how important local businesses are to our local economies, so we hope to use this program as a catalyst to both attract entrepreneurs to locate their businesses here as well as support those that are starting here today."

The goal of the program is to create an entrepreneurial bridge across Central Texas, providing applicants with constructive feedback and consulting throughout the process. Entrepreneurs interested in participating in the program will go through a selection process which includes a presentation to a panel of Extraco senior business leaders.

"We feel very blessed to be the first winner of Extraco's Entrepreneur & Innovator Award. We began serving clients in October 2015, so receiving financial resources, business consulting and mentoring is invaluable to our small business," said Tyler Martin, Chief Financial Officer for PALS Home Health. "By creating a program like this, Extraco has really stepped up and shown that they are committed to their mission and vision to build the people and businesses in our communities."

An award presentation and program launch event is planned for early 2019. Applications for the next Entrepreneur & Innovator Award Program cycle will be available summer 2019.

About Extraco Banks®
Extraco Banks and its affiliate companies are dedicated to building people, businesses and communities. Since the Great Recession, Extraco has extended over $2 billion in loans to 25,000 customers, while financially supporting over 1,275 community organizations working to create economic vibrancy, job growth and overall quality of life to our communities across central Texas. Founded as a cotton warehousing company, Extraco, at $1.4 billion in assets, is the largest and most comprehensive locally owned bank between Dallas and Austin, serving over 120,000 customers' banking, mortgage, insurance and wealth & trust needs with creative and innovative excellence. Learn more at: https://www.extracobanks.com/.

SOURCE Extraco Banks