Empowering Women through Exceptional Banking
Women's Economic Growth and the Funding Gap
With an increasing number of women striving to secure capital for their dream enterprises, a significant shortage of financial resources has become evident. What's fascinating is that the women's economy is expanding at a rate twice that of other businesses. According to the World Economic Forum, women-owned businesses face an estimated $1.7 trillion funding gap compared to their male counterparts. This disparity highlights the urgent need for a change in the financial landscape.
Impressia Bank has taken it upon itself to revolutionize the way women conduct their banking. As Mary Kate Loftus, President of Impressia Bank (a digital-first bank), emphasizes, "Today's financial services system is not designed to meet the needs of women in leadership, female founders, and business owners. With unlimited potential for economic growth, women deserve attention and access to resources to achieve their goals."
Supporting Women Leaders and Entrepreneurs
Impressia Bank not only offers access to funding but also provides a comprehensive network of support, mentorship, and resources. Female entrepreneurs now have the opportunity to better navigate their businesses through personal and business banking, wealth management, private banking, and treasury management. This unprecedented access to financial resources empowers them to take their ventures to new heights.
The bank prides itself on providing unwavering support for women and their financial endeavors. It believes that by supporting women leaders and entrepreneurs, a more inclusive and equitable economy can be built. As Loftus states, "We strive for excellence through exceptional banking experiences not only for women but for anyone who feels like we are their community."
Expanding Support and Geographical Reach
Currently, Impressia Bank offers support to women-owned businesses and nonprofits, serving New York, Ohio, Pennsylvania, and Virginia with 51 branches in four states. The initial selection of these geographies was driven by the growing number of female entrepreneurs in the regions. November 19 is officially recognized as Women's Entrepreneurship Day, and Impressia Bank's headquarters in the Electric Tower aims to be a multi-purpose hub for bankers, financial seminars, professional networkers, and banking clients who are beginning to realize the existence of a different type of banking institution - one built for women by women.