Recent News
The Office of the Comptroller of the Currency manages a directory of minority-owned financial institutions, including women-owned banks, as well as resources for learning more about these institutions that are often more sensitive to the specialized needs of the communities they serve. In fact, one of the OCC’s recommended resources is MinorityBank.com, which published a listing by Creative Investment Research, Inc. of the top five women- and minority-owned financial institutions, naming the Central Bank of Kansas City as the best bank for women. According to MinorityBank.... Read more
The Center for Financial Services Innovation has launched an "Impact of Innovation" series, profiling "enterprises and executives who are driving positive change across the financial services landscape." CFSI aims to highlight "why innovation is beneficial to both consumers and the marketplace" by providing examples of organizations leading the way on innovation and impact.
As part of this series CSFI profiled CDBA member Sunrise Community Banks, located in the Twin Cities, recognizing them for their innovation in providing general purpose reloadable prepaid debit cards. As Chief... Read more
A report released by the UNC Center for Community Capital details flaws in the methodology and conclusions of a new paper seeking to discredit the Community Reinvestment Act, enacted in 1977 to encourage regulated financial institutions to meet the credit needs of their communities in a safe and sound manner.
Researchers urged policymakers and practitioners to resist being distracted by a widely rejected thesis promoted in a December paper issued by the National Bureau of Economic Research. The "'blame the CRA' story has been refuted by industry leaders and researchers time and time... Read more
When banks carefully track small, significant changes in their customers’ financial situations, these institutions can improve their fortunes and compete more effectively. First-Mover Matters: Building credit Monitoring for Competitive Advantage, a report from McKinsey’s risk practice, shows that one way to better monitor credit is to tap analytics and specialists to spot quantitative and even qualitative early-warning signs of borrower trouble. Another approach is to set up formal triggers for timely intervention that can guide customers back to financial health or limit further... Read more
Although launched only two years ago, Start Community Bank has already been recognized for its work with low- and moderate-income communities in New Haven, Connecticut. A certified community development bank and CDBA member, Start received a Bank Enterprise Award of over $285,000 from the U.S. Department of the Treasury's Community Development Financial Institution's Fund.
Read more about Start Community Bank and its local lending work via this story... Read more
BankPlus, a certified community development bank and CDBA member, is located in Mississippi, the state with the most payday lenders per capita. But executives at the Bank were not willing to stand by as these payday lenders charged extremely high rates to often low-income borrowers. Instead, BankPlus decided to offer a small-dollar loan product with better terms and outcomes. According to BankPlus President and CEO Bill Ray, "The idea was to create a program to assist anyone caught in the payday lending cycle, but also to serve the underbanked who seek to enter the commercial banking... Read more
CDBA member One PacificCoast Bank seeks a commercial lending relationship manager. As clients' primary contact with the bank, the relationship manager must understand and articulate the mission of One PacificCoast Bank to clients, prospects and community members. This position is responsible for day-to-day client relationships and business development efforts in order to meet individual performance goals and achieve the bank’s growth objectives. The relationship manager reports to the chief lending officer.
CDBA Member Industrial Bank seeks a risk management associate to provide support to the Compliance and Legal Department. This position will assist managers in operational, enterprise and regulatory risk management programs. The associate's responsibilities involve the implementation and maintenance of the risk management framework including business unit requirements, effective internal control processes and self-monitoring practices.
Business Services Officer
(Newark, N.J.)
This position is responsible for growing and managing customer relationships for the bank’s Padgett Business Services franchise, providing clients with financial statement preparation, payroll, tax and advisory services. The business services officer acquires new customers, managing relationships, provides business services and expands business relationships under general supervision of the Director of Business... Read more
CDBA member Carver Federal Savings Bank has several open positions.
The chief compliance officer is responsible for establishing and maintaining the bank’s compliance program. In addition, this position will provide strategic advice on the bank's regulatory and compliance environment, technical guidance on specific compliance matters and supervision of compliance staff.
... Read more
CDFI consulting agency FUND Consulting is looking for a consultant to serve as project manager for annual service package clients and discrete projects. This role participates in the development and implementation of project plans and represents the company at external functions. The ideal candidate will have CDFI experience, a bachelors degree, and possess excellent writing, communications and organizational abilities.
CDBA member Carver Federal Savings Bank seeks a passionate and dedicated CRA officer and social impact manager. This position is responsible for monitoring, promoting and reporting on the bank's social impact. This role's critical responsibilities include implementing and administering the bank's Community Reinvestment Act program, assisting with social impact reporting and assisting with the design, planning and execution of community development partnerships and activities.
Nonprofit organization Neighborhood Housing Services of Chicago seeks a director of lending services responsible for leading the overall mortgage lending efforts of its CDFI affiliate Neighborhood Lending Services, Inc. The director of lending services develops sales production goals, assigns target sales objectives for the various mortgage loan products and meets production goals.
The Federal Reserve Bank of Boston seeks a senior community development analyst to coordinate outreach and implementation of the Working Cities Challenge in Massachusetts. This position works with community development organizations to design and implement future rounds of the challenge and support teams with coaching, technical assistance and capacity building. This role engages in a variety of relationship-building activities, including hosting meetings, conferences and trainings.
Broadway Federal Bank seeks a loan review credit analyst to perform loan reviews of credits held it in the bank’s commercial lending portfolio. The loan review process will focus on assessing credit quality and will require an understanding of and familiarity with multifamily real estate lending, financial statements and tax returns.
Employment assistance nonprofit REDF seeks a managing director to lead the program team and oversee the growth and development of REDF’s initiatives at the local and national levels. The managing director oversees the program team’s annual action planning process and manages performance.
CDBA member Urban Partnership Bank seeks a manager of compliance to manage regulatory requirements of the Bank Secrecy Act, the Patriot Act and the Office of Foreign Assets Control and Anti-Money Laundering. Responsibilities also include functions related to consumer compliance and CRA. The incumbent will serve as the Bank Secrecy Act Officer and work closely with the operations and IT departments to coordinate the program.
CDBA member Carver Federal Savings Bank seeks an underwriter/credit analyst, AVP to underwrite commercial and commercial real estate loans. This position is responsible for reviewing loan packages, interpreting credit quality information, conducting complex financial analyses and preparing narrative analyses for approval.
The CRA investment manager is responsible for managing a portfolio of innovative community development investments and loans in support of community development financial institutions and nonprofit affordable housing developers. Duties include working with community outreach staff to source opportunities as well as underwriting and negotiating investments.
... Read more
CDBA Member Community Bank of the Bay seeks to fill several positions
SBA Business Development Officer
(Oakland/San Jose, Calif.)
The SBA Business Development Officer originates new 7a and 504 loan opportunities. This position will call on and develop an external referral source network to solicit SBA loan opportunities, analyzing the needs of prospects and providing information about products and services. The business development officer also will interview new loan applicants to gather information relative to their business needs, abilities and earnings to... Read more