Community Development Bank

Community Development Bank

In the United States, community development banks (CDBs or CDFI Banks) are commercial banks that operate with a mission to generate economic development in low- to moderate-income (LMI) geographical areas and serve residents of these communities. In the United States, community development banks are certified as such by the Community Development Financial Institutions Fund, a department within the U.S. Department of the Treasury.

Read more about Community Development Bank:  Notable Community Development Banks

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Notable Community Development Banks
... One of the best known community development banks was ShoreBank, founded in Chicago in 1973 ... The bank established subsidiaries that provide equity investing, consulting, and environmental banking services and affiliated nonprofits that provide related financing ... FDIC, reopening under Urban Partnership Bank ...

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