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Community Development Bankers Association
The CDFI Fund resumed notifying fiscal 2025 award recipients through its Awards Management Information System after pulling back an earlier round of notifications over what it called a technical error, CDBA told members. The fund has not posted a full award list and, to CDBA’s knowledge, does not plan to publish an awards book as in past years, so applicants should check their AMIS accounts. CDBA asked member banks to share their award amounts and categories to help it track distribution, and...
American Banker
Nola Bank opened in New Orleans on Sept. 14 with $29.2 million in capital, the seventh startup bank to open in 2026 and Louisiana’s first new charter since 2010. Chairman Henry Coaxum said the bank will seek minority depository institution certification, which opens federal programs to it and lets mainstream banks earn Community Reinvestment Act credit for depositing with it.
CDFinance Policy
Community Development Bankers Association
The CDFI Fund resumed notifying fiscal 2025 award recipients through its Awards Management Information System after pulling back an earlier round of notifications over what it called a technical error, CDBA told members. The fund has not posted a full award list and, to CDBA’s knowledge, does not plan to publish an awards book as in past years, so applicants should check their AMIS accounts. CDBA asked member banks to share their award amounts and categories to help it track distribution, and...
Shelterforce
Jesse Van Tol, president and chief executive of the National Community Reinvestment Coalition, wrote in a Sept. 17 Shelterforce op-ed that the Community Reinvestment Act proposal would sharply weaken scrutiny of banks. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. would raise the small-bank threshold to $1 billion, ending community development evaluations for about 814 banks, the coalition estimates. Van Tol noted that the proposal also asks whether...
