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United Bank’s Joe LeMense Recognized for Community Involvement with the ABA Foundation’s George Bailey Distinguished Service Award


Vienna, Va. & Charleston, W.Va. — United Bank’s Managing Director of Community Development and Non-Profit Banking, Joe LeMense, was recently recognized as one of the most distinguished bankers in the nation. The George Bailey Distinguished Service Award, presented by the American Bankers Association (ABA) Foundation, is named after George Bailey, the community banker hero of the movie It’s a Wonderful Life. LeMense was awarded one of three honorable mention awards for his inspirational work in affordable housing.

In large part due to LeMense’s commitment and understanding of the affordable housing landscape, United Bank has made a meaningful impact in affordable housing in the D.C metro area where skyrocketing housing costs are negatively impacting tens of thousands of longtime residents. LeMense not only understands all types of financial structures and the complex lending and facilities structures that nonprofits often take advantage of, but also mentors the next generation of United Bank community development bankers to ensure that they are well-positioned to support affordable housing developers in the future.

Since 2006, with LeMense leading the bank’s efforts, United has financed thousands of affordable housing units through loans and investments, thus providing more than $200 million in loans and investments throughout the bank’s footprint.

A fifth generation Washingtonian, LeMense is a veteran commercial banker with over 36 years of diversified lending experience. He regularly serves on industry panels to increase dialogue and educate fellow Washingtonians about the affordable housing problem and potential solutions. He has made a positive community impact through his professional affiliations and volunteer activities, including: former board director, Montgomery County Maryland Chamber of Commerce; board director, Jubilee Support Alliance for the Development of Low-Income Housing in Washington, D.C.; and charter member, former treasurer and past club president, Metro Bethesda Rotary Club. A Smart CEO Magazine “Power Player Award Finalist” in the Top Banker Category in 2014 and a graduate of the Leadership Montgomery Class of 2015, he has also volunteered countless hours to speak at community seminars about banking and financing.

Read the full article here.