News

Federal Reserve Community Development Department | Friday, March 10, 2017

This new podcast asks community members and organizations across the U.S. about the challenges they are facing and solutions they’ve found for significant social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases successful programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Community Ownership," features organizations helping manufactured home residents take ownership of their communities to improve economic stability and security. The first episode, "Access to Affordable Consumer Credit," released in Dec. 2016, highlights an innovative small-dollar loan program.

American Banker | Thursday, March 9, 2017

President Trump met with nine community bankers last week to discuss the needs of community banks within the greater framework of regulatory reform. On reflection of the meeting, Rep. Jeb Hensarling, Chairman of the House Financial Services Committee shared that, "It is encouraging to have a president who is listening to the concerns of community bankers who have been buried under an avalanche of burdensome regulations as a result of Dodd-Frank."

Pensacola News Journal | Sunday, March 5, 2017

Concerned citizens around the country are closing their accounts with "Big Banks" either in protest of investments in controversial projects such as the Dakota Access pipeline or in support of a more localized form of community investment in the case of the #BankBlack movement. As Beneficial State CEO Kat Taylor shares, "We know how mass movements can start and increase and aggregate to something that moves hearts and minds - and markets."

The Savanna Tribune | Wednesday, February 22, 2017

Carver State Bank was established in 1927 and is the oldest bank headquartered in Savannah. This year, they are celebrating their 90th anniversary. Learn more about Carver in the profile written by bank President Robert E. James.

NextCity | Tuesday, February 21, 2017

Urban Partnership Bank, a CDBA member and CDFI Bank is tackling Chicago's epidemic of violence by investing in local communities using their innovative commercial lending, small business and affordable housing products. And for the first time in 6 years, they are making a profit doing so.

Mission Valley Bancorp | Tuesday, February 14, 2017

Mission Valley Bancorp reported record high net earnings of $3.478 million for the year ended Dec. 31, 2016, up 11 percent from the previous year. President & CEO Tamara Gurney of Mission Valley Bancorp, a CDBA member, stated "2016 was a very good year for Mission Valley and as we enter into 2017, our balance sheet is well positioned to benefit from a higher interest rate environment. We have a sound, diversified balance sheet, a solid capital base to carry us forward and a tremendous team dedicated to our success and to the success of our clients and shareholders. Mission Valley Bancorp is well positioned to maintain our course of steady and controlled growth throughout 2017 and beyond."

Forbes | Thursday, February 9, 2017

Research regularly suggests that large numbers of investors are interested in the idea that their money could be put to use so that it has a positive impact on society and the world, as well as earning them a financial return. Barclays Bank research suggests 54 per cent of investors in the UK feel this way, while a separate Morgan Stanley study puts the figure at 71 per cent; amongst the millennial generation meanwhile, the latter research put interest levels at 84 per cent.

American Banker | Thursday, February 9, 2017

Supporters of the Community Development Financial Institutions Fund, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities. “Obviously there’s a concern about the future support” for the fund, said Jeannine Jacokes, executive director of the Community Development Bankers Association. Jacokes said she hopes that Treasury Secretary-designate Steven Mnuchin will realize that he “already has some proven and highly effective tools right under his nose at the CDFI Fund.”

The Network Journal | Monday, February 6, 2017

In honor of Black History Month, the executives of Carver Bancorp, parent company of Carver Federal Savings Bank, will ring The Nasdaq Stock Closing Bell today at4:00 pm Eastern. "As the first African-American managed bank to be listed on The Nasdaq Stock Market, it is befitting for Carver to ring the Closing Bell on the first Monday of Black History Month," remarked Carver's President and CEO Michael T. Pugh.

Atmore News | Friday, February 3, 2017

United Bank of Alabama has maintained its 5-Star Superior rating from Bauer Financial, which recognizes a bank's financial strength and performance based on their profitability, capital, level of delinquent loans, among other factors. 

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