First Western State Bank & Trust, Minot, N.D., has invested $100,000 in Isaiah Investments, a statewide loan fund that supports the work of Lutheran Social Services Housing.
Isaiah Investments is a social ministry organized as an affiliated entity of Lutheran Social Services Housing. The fund’s name is a reference to the 32nd chapter of Isaiah: “My people will live in peaceful dwelling places, in secure homes, in undisturbed places of rest.”
Since 2008, the organization has helped create or preserve over 500 units of rental housing, completed three renovations of historic landmark buildings, and supported the re-invigoration of healthy housing markets in almost 20 rural communities, serving as a catalyst for action and a model of the power of investment as a tool for sustainable community development.
Jessica Thomasson, CEO Lutheran Social Services states, “Involved and engaged local lenders are critical to any community’s success. First Western Bank’s investment in Lutheran Social Services’ Isaiah Fund is an amazing example of their commitment to being a community leader. Their investment will help create affordable housing and/or child care spaces in North Dakota communities. This investment will help our organization continue its work in these areas of critical need.”
First Western Bank & Trust has been serving the Minot community since 1964. They are Minot's only locally owned, hometown bank. First Western Bank & Trust has five banking facilities,three in Minot and two in Eden Prairie, Minn. First Western Bank & Trust is a full-service financial center providing traditional banking products (deposit accounts and loans) as well as trust services, all lines of insurance, investments, leasing, and more.