CDBA Member, Community Bank of the Bay, an Oakland, California-based CDFI recently announced the completion of a $12 million private placement, which will result in approximately $11.5 million of net proceeds to the Bank. As CEO William Keller shares, "This capital raise will allow Community Bank of the Bay to better meet the needs of our clients and the communities we serve.  We are especially excited to be able to support in a greater way the dynamic growth that is occurring in Oakland, a community that we have been proud to serve for over twenty years."