Community development

Guaranty Bank & Trust Launches CommunityFirst Mortgage and Development Program, Championing Affordable Homeownership Solutions, Financial Literacy and Community Development, with Initial Targeted Efforts in South Dallas

Retrieved on: 
Monday, December 4, 2023
Banking, Professional Services, Finance, Human, NYSE, Senior, InnerCity Weightlifting, Bank, Community development, Multimedia, Guarantee, MSA, Guaranty Bank, Housing, Programmer, Guaranty Bank & Trust, Online shopping

Guaranty Bank & Trust, N.A., its parent company, Guaranty Bancshares, Inc. (NYSE: GNTY), is proud to announce the launch of our latest initiative, the "Guaranty CommunityFirst Mortgage and Development Program."

Key Points: 
  • Guaranty Bank & Trust, N.A., its parent company, Guaranty Bancshares, Inc. (NYSE: GNTY), is proud to announce the launch of our latest initiative, the "Guaranty CommunityFirst Mortgage and Development Program."
  • View the full release here: https://www.businesswire.com/news/home/20231204410892/en/
    Guaranty Bank & Trust donates to the Innercity Community Development Corporation in Southern Dallas for affordable housing.
  • "At Guaranty Bank & Trust, we understand that homeownership is not only a personal achievement but also a foundation for stronger communities," said Ryan Coaxum, Senior Vice President and Community Development Officer at Guaranty Bank & Trust.
  • For more information about the Guaranty CommunityFirst Mortgage Program and how you can start your journey to affordable homeownership, visit our website https://offer.gnty.com/mortgage/ .

U.S. Treasury Confirms Change Lending is a Certified CDFI in Good Standing

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Community development, Certification, CDFI, Treasury, District court, ACR, Bank

Change Lending, LLC (“Change”) announced today that it has entered into a global settlement agreement with the United States Department of Treasury, Community Development Financial Institutions Fund (“Treasury”) that resolves its claims relating to Change Lending, LLC v. United States Department of the Treasury, Community Development Financial Institutions Fund.

Key Points: 
  • Change Lending, LLC (“Change”) announced today that it has entered into a global settlement agreement with the United States Department of Treasury, Community Development Financial Institutions Fund (“Treasury”) that resolves its claims relating to Change Lending, LLC v. United States Department of the Treasury, Community Development Financial Institutions Fund.
  • The settlement confirms that Change is and remains a certified CDFI in good standing with the Treasury and provides Change a release from future claims relating to the dispute.
  • Carlos Salas, Chief Executive Officer of Change Lending, stated, “Change is proud to continue our mission of lending to all Americans, including Black, Latino, and low-income homeowners and those who live in low-income communities.
  • Change will not be required to reapply for certification until 2025 and will remain a certified CDFI until the CDFI Fund’s determination relating to the 2025 application.

Mayor Adams, DOHMH Commissioner Dr. Vasan Launch ‘TeenSpace’ With Talkspace, Tele-mental Health Service For NYC Teens

Retrieved on: 
Wednesday, November 15, 2023
Mobile, Wireless, Family, Telemedicine, Virtual Medicine, Consumer Electronics, Consumer, Mental Health, Apps, Applications, Technology, State, Local, Health Technology, Teens, Health, Public Policy, Government, Mental Hygiene, Violence, City, Talkspace, The Door, Suicidal ideation, Mental health, Commissioner, DYCD, Door, Community development, Anxiety, Baltimore City Health Department, Social environment, Digital health, Depression, Student, System, Community, Partnership, Social, Community mental health service, Health department, Black, Education, New Yorker, Hope, COVID-19, Self-harm, School, JED, Mindfulness, Suicide, Mental, Residential child care community, Mobile phone, Birth control, Nursing

The launch delivers on a key commitment from Mayor Adams’ “ Working People’s Agenda ” and “ Care, Community, Action, ” his mental health plan for New York City released in March.

Key Points: 
  • The launch delivers on a key commitment from Mayor Adams’ “ Working People’s Agenda ” and “ Care, Community, Action, ” his mental health plan for New York City released in March.
  • That’s why today’s announcement is so important — it puts access to mental health support right in the hands of our young people.
  • “Tele-mental health can be a powerful tool to engage and address the rising need for mental health support amongst teens and young adults.
  • The COVID-19 pandemic has significantly amplified mental health challenges among our youth, making accessible mental health care more vital than ever.

RBB Bancorp Announces Corrections to Third Quarter Earnings Release

Retrieved on: 
Tuesday, November 14, 2023
Banking, Professional Services, Finance, Pandemic, Earthquake, Disclosure, Terrorism, Bank Secrecy Act, Royal Business Bank, Bank, SOFR, Climate change, Risk management, Federal Deposit Insurance Corporation, Financial Accounting Standards Board, Community development, Consumer Protection Act, Annual report, Bank statement, FRB, Award, LIBOR, California Department, Weather, COVID-19, FDIC, Update, Acquisition, London Interbank Bid Rate, SBA, Risk, Fire, Information, Life insurance

The Company had previously announced in its quarterly earnings release that the Company’s noninterest income for the three months ended September 30, 2023 was $7.7 million, which included the full amount of the $5.0 million Award.

Key Points: 
  • The Company had previously announced in its quarterly earnings release that the Company’s noninterest income for the three months ended September 30, 2023 was $7.7 million, which included the full amount of the $5.0 million Award.
  • The Company subsequently determined that the income recognition should be deferred and not included in noninterest income for the interim period.
  • The Company has also made available on its website, www.royalbusinessbankusa.com , an updated investor presentation reflecting the corrected third quarter earnings results, which contains certain historical and forward-looking information relating to the Company.
  • RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California.

Tri Counties Bank Awards $100,000 in AHEAD Economic Development Grants to Assist with Low-Income Housing and Financial Education

Retrieved on: 
Thursday, November 9, 2023
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Research, CHIP, Senior, IDA, Community development, Tri Counties Bank, Neighbourly (community investment platform), Venice Community Housing Corporation, Multimedia, Federal Home Loan Banks, Community, Partnership, Housing, Community Housing Improvement Program, Rural housing, Economic development

View the full release here: https://www.businesswire.com/news/home/20231109427511/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231109427511/en/
    Tri Counties Bank presents a $50,000 check to the California Coalition for Rural Housing (CCRH), awarded through the Federal Home Loan Bank of San Francisco's AHEAD economic development grant program.
  • Pictured in this image from left to right: Rose Pereirra, Community Development Officer at Tri Counties Bank; and Rob Wiener, Executive Director at CCRH.
  • (Photo: Business Wire)
    “Tri Counties Bank is proud to assist our community partners to obtain grants that benefit much-needed programs,” said Danna Prater, Vice President and Director of Community Development at Tri Counties Bank.
  • Tri Counties Bank applied for grants in partnership with both CHIP and CCRH, and was awarded both grants after a competitive selection process.

Comerica Bank Exceeds Three-Year, $5 Billion Small Business Lending Commitment

Retrieved on: 
Thursday, December 14, 2023
New product development, Comerica, American Bankers Association, Community development, Executive, Digital Solutions, Community development bank, Comerica Bank Tower, Small business, Dallas–Fort Worth metroplex, National Small Business Week, Growth, Business, Face, Cryptocurrency, Bank, Retail, Management, DALLAS

DALLAS, Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has exceeded the three-year, $5 billion small business lending commitment first announced in May 2021. Through 2023 third quarter earnings, Comerica Bank has achieved 102% of its commitment since the bank's initial announcement.

Key Points: 
  • Innovative products, services and resources driving Comerica's small business banking transformation, reach and growth
    DALLAS, Dec. 14, 2023 /PRNewswire/ -- Comerica Bank announced today that it has exceeded the three-year, $5 billion small business lending commitment first announced in May 2021.
  • The impact of Comerica's small business lending commitment has supported over 15,000 small businesses across its entire footprint.
  • Since May 2021, Comerica has added over 100 small business bankers, new digital solutions and innovative small business products and services.
  • Comerica Small Business Convenient Capital™ powered by Amount : Comerica Bank's first fully digital, end-to-end new lending platform provides convenient access to capital and innovative value-added benefits for Comerica small business customers.

MyPoint Credit Union Receives Corporate Philanthropy of the Year Award!

Retrieved on: 
Tuesday, December 12, 2023
Financial literacy, SAN, Organization, Community development, Nursing

SAN DIEGO, Dec. 12, 2023 /PRNewswire/ -- MyPoint Credit Union, a leading financial institution dedicated to serving the community, proudly announces its receipt of the Corporate Philanthropy Award from the North County Philanthropy Council on November 3rd. This prestigious recognition reflects the organization's exceptional commitment to community development and financial literacy education. The award underscores the collective efforts of the dedicated team at MyPoint Credit Union, highlighting its success in making a meaningful impact in our community.

Key Points: 
  • SAN DIEGO, Dec. 12, 2023 /PRNewswire/ -- MyPoint Credit Union, a leading financial institution dedicated to serving the community, proudly announces its receipt of the Corporate Philanthropy Award from the North County Philanthropy Council on November 3rd.
  • The award underscores the collective efforts of the dedicated team at MyPoint Credit Union, highlighting its success in making a meaningful impact in our community.
  • In addition to workshops, MyPoint Credit Union proudly supports over fifty organizations aligned with its values, embracing its motto, "people helping people."
  • Furthermore, Mr. Brooke states that MyPoint Credit Union draws its inspiration from the communities it serves.

CIBC recognized as Corporate Partner of the Year by the Latino Entrepreneurial Network

Retrieved on: 
Monday, December 11, 2023
LEN, Entrepreneurship, Community development bank, Community development, CIBC, Creative industries

CHICAGO, Dec. 11, 2023 /PRNewswire/ - CIBC is pleased to announce that it has been honored by the Latino Entrepreneurial Network of Southeastern Wisconsin, Inc., (LEN) as Corporate Partner of the Year.

Key Points: 
  • CHICAGO, Dec. 11, 2023 /PRNewswire/ - CIBC is pleased to announce that it has been honored by the Latino Entrepreneurial Network of Southeastern Wisconsin, Inc., (LEN) as Corporate Partner of the Year.
  • This recognition reflects CIBC's dedication to supporting entrepreneurship and members of the Latin community.
  • "As a devoted corporate partner, we remain committed to supporting entrepreneurship and the ambitions of entrepreneurs within Milwaukee's Latin community."
  • LEN, a leading organization in Milwaukee, focuses on promoting entrepreneurship among members of the Latino community through coaching, programs and networking.

SVA Architects Readies to Break Ground on Transit-Oriented, Affordable Housing in Oakland, CA

Retrieved on: 
Friday, December 8, 2023
DTSC, City, No Place Like Home, Housing, I-980, Community development, SVA, Real estate development, RCD, AP, FAIA, Rudolf Barshai, Communes of Burundi, Community-based economics, San Francisco Bay Area, LEED, IIG, AIA, Gubb, AHSC, Property management

SANTA  ANA, Calif., Dec. 8, 2023 /PRNewswire/ -- In its first development with Berkley-based Resources for Community Development (RCD), SVA Architects is pleased to advance design for much-needed affordable housing in Northern California. Located in Oakland at the northwest corner of Martin Luther King Jr. Way and W. MacArthur Blvd, the new project is anticipated to receive its building permit in late 2023, with construction commencing in the first quarter of 2024. This site joins SVA Architects' robust portfolio of award-winning affordable developments.

Key Points: 
  • SANTA  ANA, Calif., Dec. 8, 2023 /PRNewswire/ -- In its first development with Berkley-based Resources for Community Development (RCD), SVA Architects is pleased to advance design for much-needed affordable housing in Northern California.
  • This site joins SVA Architects' robust portfolio of award-winning affordable developments.
  • Nathan Herrero, AIA, LEED AP BD+C, Principal at SVA Architects, states, "SVA's Northern California office was established to help deliver much-needed low- and moderate-income housing to the Bay Area.
  • Our partner, RCD, truly excels at creating affordable housing opportunities, while bringing services and benefits to the whole community.

World Innovation Summit for Health Announces Dates for 2024 Event and Strategic Partnership with WHO

Retrieved on: 
Wednesday, December 6, 2023
Ministry, World Health Organization, Global health, Education, Health policy, Qatar Foundation, Community development, WHO, Ethics, QF, Multimedia, Health, Partnership, Public health, Mental health, Palliative care, News, Tuberculosis, Medical device, Science, WISH

DOHA, Qatar, Dec. 6, 2023 /PRNewswire/ -- The World Innovation Summit for Health (WISH), an initiative of Qatar Foundation for Education, Science and Community Development (QF), announced the WISH 2024 summit will take place in Doha on November 13 and 14, 2024.

Key Points: 
  • DOHA, Qatar, Dec. 6, 2023 /PRNewswire/ -- The World Innovation Summit for Health (WISH), an initiative of Qatar Foundation for Education, Science and Community Development (QF), announced the WISH 2024 summit will take place in Doha on November 13 and 14, 2024.
  • WISH 2024 will be the seventh edition of WISH – an event now firmly established as a vital feature on the global health calendar.
  • Central to the partnership will be three WHO-led collaborative research projects, generating evidence-based reports for in-depth discussion at event.
  • Additionally, local and international partners will work with WISH to develop reports for the summit on a range of issues in areas such as health systems, ethics, physical health, and mental health.