The ADS Foundation Deposits $5 Million into Adelphi Bank

HILLIARD, OHIO (December 2, 2024) – The ADS Foundation today announced a $5 million deposit into Adelphi Bank, a Black-owned financial institution with a deep commitment to serving the community.  The ADS Foundation is funded primarily by Advanced Drainage Systems, Inc. (NYSE: WMS), a leading provider of innovative water management solutions in the stormwater and onsite septic wastewater industries and one of the largest plastic recyclers in North America.

Adelphi Bank is the first Black-owned bank established in the United States since 2000. When it was founded in January 2023, it was the only Black-owned bank in Ohio and, according to the FDIC, is one of just 23 Black-owned banks in the country.

From its location in the King-Lincoln Bronzeville community to the root of its name, their focus is to uplift central Ohio’s communities of color through access. The African American community in Columbus has a rich history in faith, the arts, sports, and politics, yet many may be unaware of the community’s history in finance.

This partnership aligns with the ADS Foundation’s mission to create resilient communities with equitable access to innovative and impactful programs that support recycling, education, mental health, housing, and water.

 “At ADS, we believe that investing in the communities we serve is key to our mission of sustainability and empowerment,” said Kevin Talley, President of the ADS Foundation. “Our collaboration with Adelphi Bank is an extension of our dedication to supporting local businesses, creating jobs, and fostering economic equality.”

Adelphi Bank shares in this mission and is dedicated to reinvesting these funds back into the community through loans, financial services, and support for small businesses, with a particular focus on those that are minority- and women-owned.

Together, the ADS Foundation and Adelphi Bank are proud to make a lasting, positive impact and to drive meaningful change in the communities we are part of.