January 1, 2016
Cortland Acres in Thomas, W.Va., needed more space for the growing number of residents and outpatients recovering from sports injuries, surgeries and strokes. But the $3 million price tag for expansion was more than Cortland’s local bank could finance, so Cortland came up with a unique solution. Four financial institutions – Grant County Bank, Citizens Bank of West Virginia, Mountain Valley Bank, and Miners & Merchants Bank – happily participated in the loan. FHLBank member Grant County Bank funded its $700,000 portion through the Community Lending Program (CLP). The expansion increased the footprint of the center by 20 percent.