ABA Banking Journal - January/February 2016 - (Page 57)

> CORPORATE SOCIAL RESPONSIBILITY Bankers Celebrate 100 Years of the National Park Service BY COREY CARLISLE ONE OF AMERICA'S greatest treasures, our National Park System encompasses a second campus for the College for more than 84 million acres comprising 408 sites, including historical or national parks, Creative Studies, complete with 400,000 national monuments, battlefields, recreation areas and seashores. The National Park square feet of studio, classroom Service, which manages the system, is celebrating its centennial in 2016. and administrative space, as well as student housing. American Express has partnered with annual half marathon and 5K through the Student Conservation Association Acadia National Park. As of 2014, the HPT has preserved to mobilize thousands of volunteers to more than 40,380 historic properties, conserve and preserve parks across the Banks also support the NPS and generated over $73 billion in private United States. These and other "Find communities across the nation by investment and created more than 2.47 Your Park" volunteer events will occur making investments that preserve million jobs. Over 137,000 low- and throughout 2016 and are designed to historic buildings and promote economic moderate-income housing units and a reintroduce our national parks to a new revitalization through the Federal Historic quarter of a million new housing units generation of Americans. Preservation Tax Incentives program. were also produced as a result. Administered by the NPS and the Banks and financial services companies Internal Revenue Service, in partnership The NPS' Jeremy Barnum adds: have a longstanding commitment to the with the State Historic Preservation "The Historic Tax Credit is an act signed by President Woodrow Wilson Office, the program provides a 20 excellent vehicle for community in 1916 that created the NPS under a percent federal tax credit to property reinvestment, and banks and other mission "to conserve the scenery and owners who undertake a substantial lending institutions have long been the natural and historic objects and rehabilitation of a historic building in a important partners in the success of the wild life therein and to provide for commercial or other income-producing the program. Lending and investment the enjoyment of the same in such use while maintaining the building's in the rehabilitation of historic buildings manner and by such means as will leave historic character. through this program not only help them unimpaired for the enjoyment of preserve the nation's heritage, but future generations." The HPT has been used to attract new promote economic development and private capital to the historic cores community revitalization."   For some banks, this mission has been of cities and Main Streets across the a part of operations since the beginning. nation. This investment has, in turn, By preserving and celebrating our The founders of Bank of Jackson Hole, increased property values, created jobs, natural and historic resources, current Jackson, Wyo., were inspired by their generated local, state and federal tax and future generations will enjoy a natural surroundings to form a financial revenues and revitalized communities. brighter economic future as part of our institution that continues to serve their U.S. Bank used the credit to transform rich cultural heritage. community with a deep interconnectivity Detroit's 760,000-square foot Argonaut with Yellowstone and Grand Teton Building. The building, which sat vacant COREY CARLISLE is SVP for bank community National Parks. Bar Harbor Bank & for more than a decade, is now an artsengagement at ABA and executive director of the ABA Foundation. Trust, Bar Harbor, Maine, sponsors an focused educational center serving as aba.com/BankingJournal | ABA BANKING JOURNAL 57 http://www.aba.com/BankingJournal

Table of Contents for the Digital Edition of ABA Banking Journal - January/February 2016

President's View
Picture This
Economic Outlook
Community Engagement
Cover Story: Train To Your Advantage
Filling The Trust Gap
Banking In The Sweet Spot
Safe Banking, Savvy Seniors
Human Resources
Agricultural Banking
Board Matters
ABA Compliance Center Inbox
Legal Briefs
From The States
Corporate Social Responsibility
Index of Advertisers

ABA Banking Journal - January/February 2016