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Article: ComEd Credit Agreements Extend Relationships With Minority and Community Banks.
- Article from:
- Biotech Week
- Article date:
- November 11, 2009
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ComEd and its parent company, Exelon, have entered into new credit agreements with minority and community banks located in the ComEd service territory and other regions that Exelon serves (see also ComEd).
The agreements, totaling $67 million, $30 million of which will go to ComEd, provide the companies with an additional source of credit while maintaining banking relationships with minority and community banks. They agreement also provides the banks with the opportunity to grow their relationships with large corporations.
"These agreements mean we are investing in the communities we serve," said ComEd Chairman and CEO Frank Clark. "They provide major ...