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New Resource Bank, which has been traded publicly in the over-the-counter market since its early days, was the first publicly traded company to become a certified B corporation. [15] After the merger with Amalgamated Bank in May 2018, which is not a public company, New Resource Bank was no longer publicly traded. [16] [17]
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
The Grameen Bank of Bangladesh is a microfinance organization and community development bank founded by Muhammad Yunus. The bank has grown into a family of over two dozen for-profit and nonprofit enterprises including the Grameen Foundation, and the Grameen Bank and its founder were awarded the Nobel Peace Prize in 2006.
Community-driven development (CDD) is an initiative in the field of development that provides control of the development process, resources and decision making authority directly to groups in the community. The underlying assumption of CDD projects are that communities are the best judges of how their lives and livelihoods can be improved and ...
Community banking is a form of empowerment-based economics which falls under the larger umbrella of micro-finance.Micro-finance as a whole is focused on the entrepreneurship of individuals, generally with a goal of lifting low-income or disadvantaged groups out of poverty and providing the means for them to prosper. [3]
In 2011, the bank acquired Bank of Granite. In conjunction with the transaction, the bank raised $310 million of capital, including $79 million from each of The Carlyle Group and Oak Hill Capital Partners. [11] In 2013, the bank holding company changed its name to CommunityOne Bancorp. [12] In 2016, the bank was acquired by Capital Bank ...
A community bank is a depository institution that is typically locally owned and operated. [citation needed] Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses, and farmers.
Community Resources for Justice is a Massachusetts-based organization that has worked for over 130 years in social justice in issues like ex-offender re-entry, prison conditions, public safety, and crime prevention. CRJ was formed through the merger of several older organizations in the Boston and New England area, and while most of its work ...