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As part of its commitment to investing in the communities it serves, Exelon
arranged $123 million in credit lines with 33 community and minority-owned
banks in Illinois, Pennsylvania, Maryland and New Jersey. The credit facility
represents a $5 million increase and an addition of three new participating
lenders from last year.
“Exelon's minority and community banking program, now in its tenth year,
exemplifies our commitment to doing business with diverse suppliers,” said
Jonathan W. Thayer, executive vice president and CFO of Exelon. “We view our
diverse communities as valued partners in our business. The individuals and
businesses in those communities — and the diverse perspectives they bring —
are essential to our success.”
Unique to the energy industry, Exelon's minority and community banking program
has grown substantially since its launch in 2003 with a $36 million credit
facility from eight community banks. Administered by JP Morgan Chase since its
inception, the program has more than tripled in credit facility size and more
than quadrupled the number of participating banks.
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