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Deposits Initiative

NCIF operates the CDBI Exchange Network. This informal peer-to-peer network of CEOs, CFOs and other participants in the CDBI industry provides best practices in risk management, valuation, corporate governance and development impact analysis. In addition, NCIF searches out opportunities to assist banks within our Network by partnering with investors, depositors and other stakeholders that are interested in the CDBI industry.

As an example of an industry building partnership, NCIF recently partnered with the Initiative for Responsible Investment (IRI) at Harvard University to survey the Operating Account capabilities of Community Development Banking Institutions (CDBI) that work in low-to moderate-income communities. The objective was to demonstrate to the foundation and the socially responsible investment (SRI) community that opening operating accounts with CDBI banks is a safe, efficient, and effective way to support key community development work. The initial publication is provided below along with a listing of each participating institution. The participating institutions responded to a survey that was sent out by NCIF and IRI.

Click here to access the complete report. Individual profiles of the participating institutions are available below.

Profiles of Participating Institutions

Broadway Federal Bank

4800 Wilshire Boulevard
Los Angeles, CA 90010
Web Address: www.broadwayfederalbank.com
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the Broadway Federal Bank, FSB Profile

Carver Federal Savings Bank
75 West 125th Street
New York, NY 10027
Web Address: www.carverbank.com
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the Carver Federal Savings Bank Profile

Central Bank of Kansas City
2301 Independence Avenue
Kansas City, MO 64124
Web Address: www.centralbankkc.com
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the Central Bank of Kansas City Profile

Community Capital Bank of Virginia
990 Cambria Street, NE
Christiansburg, VA 24073
Web Address: www.vacommunitycapital.org
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the Community Capital Bank of Virginia Profile

Community Commerce Bank
390 West Foothill Boulevard
Claremont, CA 91711
Web Address: www.ccombank.com
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the Community Commerce Bank Profile

First American International Bank
5503 Eighth Avenue
Brooklyn, NY 11220
Web Address: www.faib.com
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the First American International Bank Profile

Franklin National Bank of Minneapolis
525 Washington Avenue, North
Minneapolis, MN 55401
Web Address: www.franklinbankmpls.com
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the Franklin National Bank Profile

Indus American Bank
1536 Oak Tree Road
Iselin, NJ 08830
Web Address: www.indusamericanbank.com
Certified CDFI:No
Minority Depository Institution:Yes
Click Here To Download the Indus American Bank Profile

Liberty Bank and Trust Company

6600 Plaza Drive, Suite 600
New Orleans, LA 70127
Web Address: www.libertybank.net
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the Liberty Bank & Trust Profile

Mission National Bank
3060 16th Street
San Francisco, CA 94103
Web Address: www.mnbsf.com
Certified CDFI: No
Minority Depository Institution: Yes
Click Here To Download the Mission National Bank Profile

Neighborhood National Bank
3511 National Avenue
San Diego, CA 92113
Web Address: www.mynnb.com
Certified CDFI: Yes
Minority Depository Institution: Yes
Click Here To Download the Neighborhood National Bank Profile

Park Midway Bank, National Association
2300 Como Avenue
Saint Paul, MN 55108
Web Address: www.parkmidwaybank.com
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the Park Midway Bank Profile

Promerica Bank
888 South Figueroa Street, Suite 100
Los Angeles, CA 90017
Web Address: www.promericabank.com
Certified CDFI: Yes
Minority Depository Institution:Yes
Click Here To Download the Promerica Bank Profile

Southern Bancorp Bank
601 Main Street
Arkadelphia, AR 71923
Web Address: www.banksouthern.com
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the Southern Bancorp Bank Profile

University National Bank
200 University Avenue, West
Saint Paul, MN 55103
Web Address: www.universitybank.com
Certified CDFI: Yes
Minority Depository Institution: No
Click Here To Download the University National Bank Profile