Shell Oil Co. is teaming up with a Washington community bank to make millions of dollars in loans available to Washington businesses owned by minorities and women.

Adams National Bank, which itself is owned predominantly by women, will receive $8.7 million over the next three years through a two-year-old Shell community banking initiative that is also serving other cities. At a Sept. 21 kickoff event for the Washington campaign the Houston company said it has committed $1 million of deposits to Adams and promised an additional $2.5 million a year to be used specifically for small-business loans. It has also bought a stake in Adams valued at $250,000.

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