Locus Bank is a Community Development Financial Institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life for Virginians. With offices in Christiansburg, Norfolk, and Richmond, we offer innovative and flexible financing tools throughout the state. In addition, we provide professional advisory services to individuals and organizations in low-to-moderate income and underserved communities. Locus Bank is an FDIC-insured, certified CDFI bank. Locus Bank offers banking products tailored to community banks and socially conscious investors. We also provide personal and business deposit products, including checking, savings, and certificates of deposit.
The new Virginia Small Business Resiliency Fund program launched with more than $9.7 million in grants for 12 projects throughout the state, former Gov. Ralph Northam announced Jan. 13. The fund, developed by the Department of Housing and Community Development, expands access to capital and technical assistance for small businesses adversely or disproportionately affected by the COVID-19 pandemic, according to a news release. Additionally, the state is granting $1.5 million to Virginia Community Capital’s Economic Equity Fund Initiative to provide low-cost financing for 15 or more small-, women-, and minority-owned businesses while expanding its loan loss reserve and building internal capacity by hiring a technical assistance provider for clients and borrowers.
Renegade Capital is the activist's podcast for finance and investments. The hosts, Leah Fremouw of Virginia Community Capital, Andrea Longton of OFN, and Ebony Perkins of Self-Help Credit Union, interview thought leaders who go into the ring every day to fight against the racist, sexist, and exclusive norms established by traditional financial and capital systems. Listeners walk away inspired by the guests and armed with actionable tips and tools to use money to create the world in which they want to live. The first episode was released on Tuesday, featuring special guest Cat Berman of CNote
Virginia Community Capital (VCC) has announced the hiring of Amir Kirkwood, formerly of Opportunity Finance Network (OFN), as its new president and CEO. In January, founding executive director Jane Henderson announced her plans to retire after four decades in the banking industry. VCC, a community development financial institution (CDFI), was born out of a $15 million investment and a vision for an institution that served Virginia's economically excluded communities. The organization has driven $1.8 billion in total impact in the Commonwealth since its launch in 2006. This includes nearly 12,000 jobs created or retained and over 10,000 affordable housing units financed. In addition, VCC subsidiary LOCUS Impact Investing has worked with mission-driven philanthropic organizations across the nation to unlock $57.8 million in funds committed to communities since 2017.