2021 CSBS Community Bank Case Study Competition Journal

THIRD PLACE: Southeastern Louisiana University where loan investments of approximately $11,662,416 in Louisiana, scaled up, creates estimated sales of $132,350,904. The real estate sector where a $9,971,606 loan investment in Louisiana, scaled up, creates estimated sales of $75,270,611. On a per dollar invested basis, Liberty’s lending impacted the construction industry and the real estate sector with a multiplier effect of $11.35 and $7.55, respectively. 5,061 jobs in the areas they serve, likely aiding in the financial upliftment of those with an inherent lack of opportunity and wealth. Again, the construction industry was the highest, with approximately 926 jobs created, followed by the securities, commodity contracts, and investments industry. Liberty’s direct impact on the underserved, minority communities they focus on is inspirational, but the whole of their influence is overwhelming—Liberty transcends race. Protests Related to Social Justice Support Liberty’s Mission of Diversity and Inclusion

Taxable Wage Earnings: In addition to sales created, it is also important to consider the impact Liberty’s loan investments had on creating taxable wage earnings. Liberty created an estimated total of $206,928,107 in wages from their lending across eight states. As with sales created, the construction industry was the highest, creating estimated taxable wage earnings of $45,005,730 and a multiplier effect of $3.86 for every $1 directly lent into the industry. Liberty’s large impact on the construction industry is due to their considerable concentration of loans. In 2019, New Orleans suffered damage of more than $600 million from Hurricane Barry and it was also a “key year for the completion of several multimillion- dollar construction projects in the New Orleans area” (“Hurricane Barry (2019); Traweek). Liberty’s lending had the second highest impact on earnings created in the professional, scientific, and technical services sector. An investment of $5,520,529 created an estimated $21,986,149 in earned wages, with a multiplier effect of $3.98 per dollar invested. Employment Created: With a more potential long-term effect than earnings or sales, Liberty’s small business lending created an approximate

Liberty is mission driven and now their mission is being highlighted by the protests for racial justice, the BLMmovement and #BankBlack.

With a more potential long- term effect than earnings or sales, Liberty’s small business lending created an approximate 5,061 jobs in the areas they serve, likely aiding in the financial upliftment of those with an inherent lack of opportunity and wealth.

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