Registration is now open for the CDFI Fund's Expanding CDFI Coverage in Underserved Areas Capacity Building Initiative workshops. This series of two-day workshops will provide specialized training and technical assistance to certified and emerging CDFIs seeking to expand their reach into underserved communities. Opportunity Finance Network (OFN) will partner with subject matter experts including CDBA to provide three workshops relevant to all types of CDFIs. The first session, Forming New and Affiliated CDFI Entities, will be June 16-17, 2015 in Baltimore, Md. The second session, Understanding the Benefits of CDFI Status for Newly-Certified and Prospective CDFIs, will be July 22-23, 2015 in Denver, Colo. The third session, Expansion by Existing CDFIs, will be held August 19-20, 2015, Kansas City, Mo.
The CDFI Fund has opened the FY 2015 application round for the Bank Enterprise Award Program (BEA Program). The BEA Program provides a total of $18 million formula-based grants to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in CDFIs or in their own lending, investing or service activities in distressed communities. Application materials are now available here. Part I of the application must be submitted through Grants.gov by 11:59 p.m. EDT on June 15, 2015. Part II of the application must be submitted through myCDFIFund by 5:00 p.m. EDT on June 17, 2015.
Spring Bank Vice President Brian Blake has been named a Community Bank Hero by The Warren Group and Banking New York magazine. The annual Community Bank Hero award recognizes the leaders and visionaries of the New York Banking industry. Accepting the award, Blake stated that the award reflected the hard work of the entire Spring Bank team. “There should really be 35 names on this award,” Blake said. “In just 7 years, Spring Bank has accomplished so much in pursuit of its mission to serve New York’s underbanked people and businesses. My colleagues and our board have built a bank that truly ‘walks the talk’ when it comes to economic development and financial inclusion.”