The City Council is stepping up pressure on the Los Angeles Community Development Bank, giving officials two months to craft a comprehensive plan to create jobs for residents of low-income ...

The Los Angeles Times recently ran yet another article about the failure of the L.A. Community Development Bank to meet its goal of creating a viable financial institution that could help fuel job ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America today announced that it directed more than $13 million in 2020 to Native American communities across the U.S. disproportionately impacted by the ...

ShoreBank—a Chicago financial institution that for more than 30 years provided loans in low- and moderate-income neighborhoods in the city and later in Cleveland, Detroit, and the Pacific ...

“Bank’s Tech Bet Pays Few Dividends” [Oct. 21] is but one more chapter in the sad saga of government’s community development efforts. The Los Angeles Community Development Bank’s woes were exacerbated ...

The National Community Investment Fund aims to use a new federal tax credit to encourage more banks to invest in it. The Chicago-based fund is now financed by three big banking companies and two ...

Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and its Eastern Sierra Community ...

COMMUNITY DEVELOPMENT CORPORATIONS (CDCs) are nonprofit, community-focused entities whose mission is to support their affiliated city neighborhoods with a range of programs such as affordable housing, ...