Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs.
Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions.
Widespread housing discrimination made homeownership unattainable for Black Americans for generations. To address this, University Bank and a nonprofit launched a new mortgage program, creating a national model for homeownership counseling in the process.
Native American customers living on tribal lands have historically been redlined and ignored by the mainstream financial system. Native-owned community banks have been there to serve these communities by providing critical access to banking services and credit.
Digital-only brand BankMD has shaken up the medical lending arena since its launch in 2019 under the leadership of Moses D. Luevano. Anchored by San Antonio-based TransPecos Banks, the experiment has brought huge success to both the brand and the community bank.
Congress recently passed an infusion of stimulus dollars for community development financial institutions. These two new funding programs are preparing community bank CDFIs for huge growth opportunities.