Bank giving $100K to EDC
Representatives of Roscoe State Bank, including Executive Vice President Rick Womble (second from left), present a $20,000 check to the Bastrop Economic Development Corporation, including CEO Bret Gardella (front, center). Courtesy photo
Roscoe State Bank is giving $100,000 to support Bastrop's economic growth.
At the Nov. 21 meeting of the board of directors of the Bastrop Economic Development Corporation, Rick Womble, executive vice president of Roscoe State Bank, presented the BEDC with a $20,000 check – the first of five yearly installments that will total $100,000 – to go toward business development, including startups.
“On behalf of Roscoe State Bank, a division of Cornerstone Capital Bank, SSB, we are excited to pledge our support for the Bastrop Economic Development Corporation – as a part of our ongoing commitment to invest in Bastrop,” Womble said. “We live in a wonderful place with a very giving community. I am happy to offer this five-year commitment. We want to do our part. This is a gesture which says, 'We believe in Bastrop. We believe in the future of Bastrop.'”
Womble said the grant money can fuel permanent job creation, retention and improvement for persons/geographic areas that are characterized as low- or moderate-income, as well as for areas targeted for redevelopment by federal, state, local or tribal governments. The grant also will provide technical assistance support for small businesses, farms, job training and workforce-development programs.
Bret Gardella, the economic corporation's chief executive officer, told the board that with the recent merger of Roscoe State Bank with Cornerstone Capital Bank, “They ended up with some resources that they wanted to invest back in our community.”
Gardella said he would present details of the proposed program at the BEDC’s December meeting.