Noah Bank provides financial products and services to communities in Pennsylvania, New Jersey, New York and the Metro DC area. In addition to serving its primarily Korean-American customer base, Noah Bank also specializes in small business financing for the Chinese-American, Indo-American, Latin-American and Jewish business communities. Noah Bank specializes in SBA lending to small businesses and has a track record of success. In the SBA fiscal year ended September 30, 2013, Noah Bank ranked first in dollars lent in the New Jersey region, second in dollars lent in the New York region, and 11th in dollars lent nationwide.
Community Development Financial Institutions, or CDFIs, are utilizing all resources at their disposal to help small businesses stay afloat as the novel coronavirus spreads throughout the U.S. CDFIs serve customers typically overlooked by mainstream financial institutions. Beneficial State Bank, an FDIC-insured CDFI that provides commercial banking services to underserved communities, had received 500 phone calls a day about PPP two days before the program even launched on April 3, Interim CEO Randell Leach said. CDBA members Bank Plus, Mission Valley, NOAH Bank, Peoples Bank, and Sunrise Banks are also mentioned in the article.