Webster Bank Provides $19,000,000 in Financing to YMCA of the Capital District

Webster Bank’s Not-For-Profit Banking team has provided a $19,000,000 10-year term loan and a $500,000 line of credit along with Treasury Management and Deposit Services to YMCA of the Capital District. Still recovering from a severe decline in membership during the pandemic and facing an unusually tight debt market, the financing was critical to the Capital District YMCA’s successful future and to over 30,000 families in the Capital District region. “We are pleased to partner with the Not-For-Profit team at Webster which seamlessly executed a competitive permanent debt solution in a challenging credit market. This pivotal refinance was not only critical for the Capital District YMCA’s success, but also represents the foundation of a great relationship between the Capital District YMCA and Webster Bank,” said David Brown, CEO of the Capital District YMCA.

“This financing and our growing relationship with the Capital District YMCA to meet its banking needs is another example of Webster’s partnership with organizations that serve and enhance the quality of life in our communities,” said Andrea Kantor, Managing Director in Not-For-Profit Banking at Webster Bank.

Part of a leading organization with an over 175-year legacy, the Capital District YMCA is a pillar within the Capital region, dedicated to supporting, engaging, and strengthening communities. “The Capital District YMCA is a vital provider of youth services, health and wellness programs, childcare, and social services. Webster Bank is proud to be its partner in this financing to support the Capital District YMCA’s important role in the lives of over 30,000 families in the region,” said Cathy Boyle, Senior Managing Director and Co-Head of Not-For-Profit Banking at Webster Bank.