cdba brochure
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COMMUNITY DEVELOPMENT BANKERS ASSOCIATION
Community Development Bankers Association 1444 I St NW, Washington, D.C. 20005
(202) 689-8935
COMMUNITY DEVELOPMENT BANKERS ASSOCIATION
WE HELP BANKS TELL THEIR STORIES
ROYAL TRUCKING
BANK OF VERNON (VERNON, AL)
Royal Trucking, a freight trucking company located in a county with high
poverty and unemployment, needed to replace part of its fleet. In 2013,
Bank of Vernon stepped in to help Royal finance the new trailers and
tractors it needed. The bank structured a flexible low down payment loan
which enabled Royal Trucking to manage cash flow and retain its 229
employees in a tough economy.
MUDSHARK STUDIOS
ALBINA COMMUNITY BANK (PORTLAND, OR)
Seven years ago, Albina Bank made a loan to local start up Mudshark
Studios, a ceramics facility located in a distressed neighborhood. They had
trouble obtaining a bank loan until reaching out to Albina. But with
Albina’s help, Mudshark has grown from four to 28 employees and
customers now include national lighting and tile retailers. Mudshark
received Martha Stewarts’ American Made Award in 2013.
MURPHY’S MARKET
NEIGHBORHOOD NATIONAL BANK (NATIONAL CITY, CA)
At the height of the recession, few lenders were interested in new
construction, particularly in economically troubled neighborhoods like San
Diego’s City Heights. But Neighborhood National Bank made a loan to
independent grocery store Murphy’s Market, making it possible for the
store move to a new store twice its old size. The larger store offers healthy
food options and has sparked revitalization of the surrounding area.
ATLAS PERFORMING ARTS CENTER
CITY FIRST BANK OF D.C. (WASHINGTON, D.C.)
Opened in 1938, the Art Moderne Atlas Theater seated nearly 1,000
patrons in its heyday, but the building fell into neglect and decay. In 2005,
The Atlas Performing Arts Center and City First Bank of DC leveraged New
Market Tax Credits and Historic Tax Credits to transform the dilapidated
theater into a 58,000 sq. ft. community arts center. The Atlas Theater now
hosts performances by local arts organizations and is the cornerstone for
the revitalization of its neighborhood.
THE VOICE OF COMMUNITY DEVELOPMENT BANKS
ABOUT
CDBA
Front cover (clockwise from top
left):
A client and caregiver at the
Riverside PACE Center, a client of
Virginia Community Capital’s
subsidiary, Community Capital
Bank of Virginia
Urban Homeworks, a Sunrise
Banks customer, helped the
Brasson family become
homeowners
Inner City Advisors, a Beneficial
State Bank customer that
specializes in small business
advising
Huey Townsend of Guaranty
Bank and Trust visits borrowers at
Rosemary’s Daycare
Front and back cover background:
Lynchburg High Apartments,
affordable housing financed by
Virginia Community Capital’s
subsidiary, Community Capital
Bank of Virginia
Interior background :
Franz James Floral Boutique
collaborates with Spring Bank on
a neighborhood revitalization
initiative, the Frederick Douglass
Boulevard Alliance
(Photo © 2014, Sarah Poyet)
WHO WE ARE
Community Development Bankers Association (CDBA) is the national trade
association of the community development banking sector. We are the
voice and champion of banks and thrifts with a mission of serving low and
moderate income communities. We educate policy makers, regulators,
legislators, and the general public on the importance of community
development banks, the unique circumstances under which they operate,
and their special needs.
CDBA MEMBERSHIP
All CDFI-Certified banks and thrifts are eligible to join CDBA. Our banks are
a diverse group, operating in urban, rural, and Native American
communities often not adequately serviced by the mainstream financial
industry. All members are double bottom line enterprises that balance
margin and mission. Membership dues are affordable and are structured
by bank asset size.
POLICY ADVOCACY
CDBA has a proven track record of effectiveness in educating policy
makers and key stakeholders on the CDFI bank sector. CDBA works with
the U.S. Department of the Treasury, bank regulatory agencies, and Capitol
Hill to ensure stakeholders understand the needs of low and moderate
income communities and the CDFI banks that serve them on a range of
issues – from community reinvestment to the impact of regulation to
available program resources. We strongly encourage members to engage
and participate in shaping the policy agenda for the sector.
THE CDBA PEER FORUM
The CDBA Peer Forum is an annual two day roundtable discussion held in
Washington, D.C. Organized as a peer-to-peer exchange, the gathering is
assembled by and for CDFI bank senior executives to share best practices,
discuss common concerns, and network among peers. Unlike a traditional
open conference gathering, this event is structured as a “by-invitation”
meeting to provide an open-forum for honest discussion.
BE INFORMED
CDBA constantly works to keep its members up-to-date on current issues
in the CDFI bank sector with regular member update conference calls,
quarterly reports on industry performance, special reports, real time
updates on important policy developments, and the CDBA Newsflash, a
weekly email update that compiles the most relevant community
development banking news.
COMMUNITY BANKS INITIATIVE
(FIRST EAGLE BANK)
The Community Banks Initiative, a partnership between
Neighborhood Housings Services of Chicago and banks including
First Eagle, helps families become first-time homeowners. The
Shirks had been squeezing their six family members into a
cramped apartment until the Community Banks Initiative secured
them a grant from the Federal Home Loan Bank, enabling them
to move into a house of their own.
KIPP DELTA CHARTER SCHOOL
SOUTHERN BANCORP (LITTLE ROCK, AR)
Educational attainment and graduation rates in Helena, Arkansas
significantly lag the nation and perpetuate chronic poverty. With
a goal of improving education outcomes, Southern Bancorp has
made a series of facility construction loans to the KIPP Charter
School. The KIPP School is changing the dynamic of education for
their students and has outperformed nearly all schools in
Arkansas while serving several hundred students in the second
poorest county in the state, doubling the number of teens
headed to college.
TRICE CONSTRUCTION COMPANY
URBAN PARTNERSHIP BANK (CHICAGO, IL)
An estimated 23 million people nationwide live in food deserts—
communities with limited access to fresh, healthy, affordable
food. Many feared that number would increase on Chicago’s
South Side, where fresh food options dwindled after a major
supermarket chain closed. But thanks to financing Trice
Construction Co. received from Urban Partnership Bank, the area
is now a food oasis. Trice was a key player in the construction of
Mariano’s, a market specializing in affordable fresh, local food.
The new store has added 425 new jobs to the local economy.
SIMMONS CATFISH
BANKPLUS (RIDGELAND, MS)
For over 20 years, Simmons Catfish has been one of the largest
farmers, producers and distributors of catfish in the Mississippi
Delta region. Humphreys County, where it is headquartered, is
known as the “catfish capital of the world”; but it is also the 56th
poorest county in the nation. BankPlus has helped the company
to grow and compete in a market with increasing foreign
competition. Simmons now employs over 200 people, vital jobs in
the high-unemployment region.
To see examples of CDBA advocacy, visit www.cdbanks.org. To become a member,
contact Caitlin Krutsinger at [email protected] or (202) 689-8935 x 224