National Cooperative Bank

Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending

Retrieved on: 
Monday, January 29, 2024
Sustainability, Environment, Finance, Environmental, Social and Governance (ESG), Banking, Small Business, Climate Change, Professional Services, Social responsibility, MDI, IA Financial Group, FDIC, National Cooperative Bank, NCB, CDFI, TIDAL, Amalgamated Bank, TBD, Commerce, Ecosystem, Climate change, Investment, Community development, Community Bank, Climate, Renewable energy

Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .

Key Points: 
  • Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey .
  • According to the survey, 68% of business owners are concerned about the future impacts of climate change on their business.
  • Additionally, 82% of U.S. consumers are concerned about the impact of climate hazards on small businesses in the community.
  • Through the Sustainable Banking Initiative, Block has placed $25 million of deposits into community lenders that are providing loans to businesses and individuals focused on sustainability efforts.

Freedom Bank Hires David Sanders as Chief Accounting Officer

Retrieved on: 
Thursday, January 18, 2024
National Cooperative Bank, Bank, Intelligence, George Washington University, University, CPA, MBA, Controller, ALCO, Growth

FAIRFAX, Va., Jan. 18, 2024 /PRNewswire/ -- The Freedom Bank of Virginia ("Freedom Bank") announced today that it has hired David Sanders as Chief Accounting Officer. In his role as Chief Accounting Officer, David will have oversight of the accounting department and will work with the finance team to ensure that each line of business has financial metrics and business intelligence to effectively execute on the Bank's strategy.

Key Points: 
  • FAIRFAX, Va., Jan. 18, 2024 /PRNewswire/ -- The Freedom Bank of Virginia ("Freedom Bank") announced today that it has hired David Sanders as Chief Accounting Officer.
  • In his role as Chief Accounting Officer, David will have oversight of the accounting department and will work with the finance team to ensure that each line of business has financial metrics and business intelligence to effectively execute on the Bank's strategy.
  • "David is an excellent addition to the Freedom Bank leadership team.
  • "I am excited to join the Freedom Bank team as Chief Accounting Officer," said David Sanders.

The NCB Co-op 100® Reports Top Producing Cooperatives with Revenues of $319 Billion

Retrieved on: 
Monday, October 16, 2023
Annual report, Multimedia, CHS Inc., NCB, Cooperative, Dairy Farmers of America, Navy Federal Credit Union, CHS, Basin Electric Power Cooperative, Growth, CoBank, Oglethorpe Power, Farmer, Bank, Associated Wholesale Grocers, National Cooperative Bank, Video game, Casino

The NCB Co-op 100® remains the only annual report of its kind to track the profits and successes of cooperative businesses in the United States.

Key Points: 
  • The NCB Co-op 100® remains the only annual report of its kind to track the profits and successes of cooperative businesses in the United States.
  • Dairy Farmers of America, based in Kansas City, Kansas reported $24.5 billion in revenue, earning the number two ranking again this year.
  • Associated Wholesale Grocers, Inc., based in Kansas City, Kansas reported revenue of $12.3 billion and earned the fifth position on the list.
  • Do-it-Best Corp., located in Fort Wayne, Indiana earned 13th place on the list, with $5.5 billion reported in revenue.

Award-Winning Real Estate Platform, Brick Underground, Launches New "Boards & Buildings" Resource To Help NYC Co-Op and Condo Boards Navigate Industry Challenges

Retrieved on: 
Tuesday, October 10, 2023
Underground, LLP, Bowen Harbour Board Building, Insurance, Tax, Building, Condo, News, National Cooperative Bank, Property management, Real estate

NEW YORK, Oct. 10, 2023 /PRNewswire-PRWeb/ -- Brick Underground, an award-winning digital platform that helps navigate New York City's real estate market, today unveiled a new resource catering to local co-op and condo boards, signifying the company's expansion beyond renters, buyers, sellers, and renovators. The company's "Boards & Buildings" resource provides practical information on various topics, including board operations, property management, legal issues, sustainability and energy retrofitting, insurance, structure and systems, finance, and technology.

Key Points: 
  • Brick Underground, an award-winning digital real estate platform headquartered in New York City, proudly announces the launch of "Boards & Buildings," a dedicated resource created to empower co-op and condo boards in effectively navigating the intricate real estate landscape.
  • "Boards & Buildings" addresses the pressing challenges presented by new regulations, escalating taxes, and a challenging sales market.
  • Initially, "Boards & Buildings" will include original content from Brick Underground's editorial team, as well as their strategic partner The Folson Group, New York City's premiere co-op and condo consultancy.
  • NYC's largest firm focusing solely on real estate, providing comprehensive legal representation to owners, developers, operators and investors.

Executive Moves: Sol-REIT Names Derek Gabriel Sr. as Executive Vice President & Head of Originations

Retrieved on: 
Friday, May 26, 2023
Banking, Professional Services, Alternative Energy, Energy, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Environment, Construction & Property, Green Technology, REIT, Finance, Policy, Xavier University, EPC, Business, Controlled Substances Act, National Cooperative Bank, Head, Renewable energy

Derek Gabriel Sr. has been appointed Executive Vice President & Head of Originations of Sol-REIT.

Key Points: 
  • Derek Gabriel Sr. has been appointed Executive Vice President & Head of Originations of Sol-REIT.
  • Gabriel most recently served as V.P.
  • He brings 15 years of experience in solar development, origination, solar policy implementation, tax-equity structures, and debt-financing to the Sol-REIT team.
  • In his role as Head of Originations, Gabriel will serve as a strategic business partner responsible for cultivating solar developer and EPC (Engineering Procurement and Construction) relationships and expediting loan origination and closure.

National Cooperative Bank Announces 2023 Board of Directors and Board Leadership

Retrieved on: 
Monday, May 15, 2023
CFO, Performance, National Cooperative Bank, PRL, NCB, Human, Management

ARLINGTON, Va., May 15, 2023 /PRNewswire/ -- National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members, and socially responsible organizations nationwide, is pleased to welcome one new member to its Board of Directors.

Key Points: 
  • ARLINGTON, Va., May 15, 2023 /PRNewswire/ -- National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members, and socially responsible organizations nationwide, is pleased to welcome one new member to its Board of Directors.
  • The Board welcomes Maria Smedley, Esq, Vice President of Human Resources at Performance Foodservice located in Little Rock, Arkansas.
  • NCB thanks Christine Neal and Debra Huddleston whose terms as Board members has ended and Andrea Levere, NCB's presidential appointee who is retiring after 10 years on the NCB Board.
  • The Board benefits from a diverse group of members, who come from a variety of industries in which cooperatives play an important role.

National Cooperative Bank Releases 2022 Mission Report Highlighting Initiatives Serving Low-and-Moderate-Income Communities and New Cooperative Development

Retrieved on: 
Thursday, April 20, 2023
Community development, Renewable energy, Organization, Ageing, National Cooperative Bank, Community, Credit union, Investment, NCB, Health care, Economic development, Real estate

NCB's mission is to support and be an advocate for America's cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.

Key Points: 
  • NCB's mission is to support and be an advocate for America's cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.
  • Non-profit & Community Development: $43.4 million to finance commercial real estate in low-income areas and organizations focused on economic development.
  • In addition, NCB provided $12 million in facilitated transactions and $2.9 million to support entities serving low-income communities and co-op development.
  • Please read our full mission report: NCB 2022 Mission Report

FSC First Announces Dawn R. Medley as New President & CEO

Retrieved on: 
Tuesday, November 29, 2022
Growth, CDC, Small business, Economic development, Freddie Mac, Fannie Mae, University, Community development, Housing, Education, Legislation, EDI, Treasury, FSC, County, Maryland General Assembly, Community development financial institution, Task force, Senior, MEDA, Maryland Department of Commerce, Public policy, SBA, Community federal credit union, SBA 504 Loan, Fairfax County Economic Development Authority, Prince George, CDFI, Business, National Cooperative Bank, Management, Bank, Medley

LARGO, Md., Nov. 29, 2022 /PRNewswire-PRWeb/ -- FSC First is pleased to announce that Dawn R. Medley will assume the position of President & CEO, effective January 1, 2023. Medley will succeed Shelly Gross-Wade, who steps down in December 2022 after nearly 25 years of service.

Key Points: 
  • FSC First is pleased to announce that Dawn R. Medley will assume the position of President & CEO, effective January 1, 2023.
  • LARGO, Md., Nov. 29, 2022 /PRNewswire-PRWeb/ -- FSC First is pleased to announce that Dawn R. Medley will assume the position of President & CEO, effective January 1, 2023.
  • Medley currently serves as FSC First's Senior Vice President - Business Finance Programs and the Prince George's County Economic Development Incentive Fund Manager (EDI).
  • Prior to joining FSC First, Medley began her lending and finance career with Fannie Mae, Freddie Mac, and National Cooperative Bank.

National Cooperative Bank Releases 2021 Mission Report Highlighting Lending, Advocacy, Co-op and Community Development and Sustainability Initiatives

Retrieved on: 
Tuesday, April 26, 2022
CEO, Ageing, Community development, NCB, Organization, Health care, Student, National Cooperative Bank, Renewable energy, Economic development, Credit union, Color, Investment, Alaska Native Industries Cooperative Association, COVID, Housing, Real estate, Insurance

The capital was provided through direct lending and investments in the following impact sectors:

Key Points: 
  • The capital was provided through direct lending and investments in the following impact sectors:
    Housing: $228.6 million for housing cooperatives, unit loans, and affordable housing initiatives nationwide.
  • Community Development & Expansion: $63.4 million to finance commercial real estate in low-income areas and organizations focused on economic development.
  • "NCB had a record year in supporting our mission banking initiatives," stated Casey Fannon, president and CEO of NCB.
  • Please read our full mission report: NCB 2021 Mission Report

National Cooperative Bank Board of Directors Names Casey Fannon as CEO

Retrieved on: 
Monday, March 21, 2022
Chartered Financial Analyst, National Cooperative Bank, Leadership, Multimedia, Board, BS, Association, Community development, Capital Impact Partners, DC, Board of directors, Bentley University, Community development financial institution, CEO, View, Bank, NGA, Economic development, NCB, Facebook, CDFI, Instagram, Management, Security (finance), Finance

ARLINGTON, Va., March 21, 2022 /PRNewswire/ -- The Board of Directors of National Cooperative Bank (NCB) is pleased to announce the appointment of Casey Fannon as the bank's new Chief Executive Officer.

Key Points: 
  • ARLINGTON, Va., March 21, 2022 /PRNewswire/ -- The Board of Directors of National Cooperative Bank (NCB) is pleased to announce the appointment of Casey Fannon as the bank's new Chief Executive Officer.
  • Mr. Fannon has been serving as the Acting CEO of NCB since the sudden death of the bank's former CEO, Chuck Snyder, in November.
  • "The Board of Directors is pleased to announce that we have unanimously approved Casey Fannon as NCB's Chief Executive Officer effectively immediately," stated Debra Huddleston, Chair of NCB's Board of Directors.
  • Since joining NCB in 1996, Mr. Fannon has dedicated his entire career to National Cooperative Bank and has served as its President since March 2020 and Acting CEO since November 2021.