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Making an investment with a Community Development Bank

Development banks are for-profit, insured banks or savings institutions that target low-income people or others who lack adequate access to financial services. Given the typically low to moderate-income customer base of development banks, they often depend on additional deposits from outside of the community to fund their lending activity.

By opening accounts at development banks, socially responsible investors enjoy the security of FDIC insurance, a competitive return, and an unparalleled social impact for their money. For the investor concerned with improving distressed communities development banking provides the most direct investment vehicle possible. To learn more about development banking opportunities, contact any one of the CDFI certified development banks listed below:

Company Personal Checking Commercial Checking Savings Money Market Accounts CDs IRAs
Albina Community Bancorp
2002 N.E. Martin Luther King Jr. Blvd.
Portland, OR 97212
(503) 287-7537
X X
Bank of Cherokee County, Inc.
P.O. Box 660
Park Hill, OK 74451
(918) 772-2572
X
Berean Federal Savings Bank
5228 Chestnut St.
Philadelphia, PA 19139
www.bereanfsb.org
(215) 472-4545
X
Blackfeet National Bank
P.O. Box 730
Browning, MT 59417-0730
(406) 338-7000 x200
X X X X X X
Boston Bank of Commerce
133 Federal St.
Boston, MA 02110
(617) 457-4400
X X X X X X
Central Bank of Kansas City
2301 Independence Blvd.
Kansas City, MO 64124
(816) 483-1210
X X X X X X
City National Bank of New Jersey
900 Broad St.
Newark, NJ 07102
(973) 624-0865
X X X X X X
CityFirst Bank of D.C. N.A.
2400-B 14th St. NW
Washington, DC 20009
www.city-first.com
(202) 332-5002
X X X X X X
Community Bank of Lawndale
1111 S. Homan Ave.
Chicago, IL 60624
(773) 533-6900
X X X X X X
Community Bank of the Bay
1750 Broadway Ave.
Oakland, CA 94612
www.communitybankbay.com
(510) 271-8400
X X X X X X
Community Capital Bank
111 Livingston St.
Brooklyn, NY 11201
(718) 802-1212
X X X X X X
Community Commerce Bank
5444 East Olympic Blvd.
Los Angeles, CA 90022
(323) 888-0065
X
Douglass National Bank
1314 N. 5th St.
Kansas City, KS 66101
(913) 321-7200
X X X X X X
First Bank of the Americas, SSB
1715 W. 47th St.
Chicago, IL 60609
(773) 523-3145
X X X X X X
International Bank of Chicago
5069 N. Broadway
Chicago, IL 60640
(773) 769-2899
X
Legacy Bank
2102 West Fond du Lac Ave.
Milwaukee, WI 53206
(414) 343-6900
X X X X X X
Louisville Community Development Bank
2901 W. Broadway
Louisville, KY 40211
www.morethanabank.com
(502) 778-7000
X
Metro Savings Bank F.S.B.
715 S. Goldwyn Ave.
Orlando, FL 32805
(407) 293-7320
X X X X X
Neighborhood National Bank
303 A. St; Suite 409
San Diego, CA 92101
(619) 544-1642
X
Pan American Bank
2627 W. Cermak Rd.
Chicago, IL 60608
(773) 254-9700
ShoreBank Cleveland
540 E. 105th St.
Cleveland, OH 44108
(216) 268-6100
X
South Shore Bank of Chicago
7054 S. Jeffery Blvd.
Chicago, IL 60649
www.sbk.com
(800) 669-7725
X X X X X X
Southern Development Bankcorporation
605 Main St.; Suite 202
Arkadelphia, AR 71923
(870) 246-3945
X X X X X X
United Bank of Philadelphia
714 Market St.
Philadelphia, PA 19106
www.unitedbankofphila.com
(215) 829-BANK
X X X X X X
Unity National Bank of Houston
2602 Blodgett
Houston, TX 77004
(713) 620-4350
X X X X X X

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