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Albina Community Bancorp

2002 NE Martin Luther King Jr. Blvd
Portland, OR 97212
U.S.

Contact: Robert McKean, Chief Executive Officer
Phone: 503-288-7281
Fax: 503-282-4691
URL: www.albinabank.com
Email: info@albinabank.com
Albina Community Bancorp

Albina Community Bank (ACB) "creates hope and financial opportunity by building lasting banking relationships with those who care most about our community." Through this mission, ACB aims to create jobs, growth of small businesses and wealth in local Portland neighborhoods. In FY2007, ACB's efforts resulted in 184 loans to the community, including new Business Micro Loans and Small Business Administration loans that created 50 jobs and maintained 915 jobs during the year.

Program



Client Population

ACB aims to build relationships with individuals and businesses in our local neighborhoods and throughout the Portland metropolitan area with people of all ages, ethnic backgrounds and social interests. The bank focuses on initiatives and activities that help those who have the ability, character and personal initiative to succeed, but may not be well served by traditional banks. Additionally, ACB promotes community development by providing products and services and banking solutions that are directed towards improving the social or economic conditions of underserved peoples or residents of distressed communities. ACB's client diversity is currently not measured.

Impact

Since inception, ACB has made more than $354 million in loans to borrowers in Portland, Oregon. These loans include loans to the community, small businesses, not-for-profit organizations and individuals.

In FY2007, ACB: made 41 new microenterprise loans to new businesses totaling $849,768; Disbursed 25 Small Business Administration Loans worth $2,566,350; and has lent nearly $17 million developing 112 affordable housing units and putting 16 families into affordable homes. From these loans in 2007, ACB helped create and maintain 965 jobs. In addition throughout 2007, ACB employees dedicated 2,713 hours volunteering at close to 380 nonprofit organizations.

Story

Albina Community Bancorp
Raised in a family of artists, Rebecca Pearcy was just doing what she loved when Queen Bee Creations started in her bedroom in 1996 -- creating art, singing, sewing and making people smile through her unique sense of style, color and detail. Queen Bee Creations offers unique handbags and accessories, with the Chickpea Baby line for the hip mom and dad looking for a functional and fun diaper bag. Once familiar with Queen Bee’s line of bags, her simple, colorful and quality designs can be spotted from local yoga classes to international airports.
Full Story

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