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We are the only Community Development Financial Institution (CDFI) and minority-owned bank in North Carolina. Our CDFI status distinguishes us from other banks because it means that we focus on meeting the needs of underserved communities.
We regularly support various organizations and nonprofits in our communities with over $70,000 donated in 2019.
We recycle 83% of our deposits back into the communities that we serve in the form of loans.
Our associates and management team are involved in various community organizations and non-profits in the markets that we serve. We also attend and participate in over 80 community events every year.
We provide financial literacy workshops in all markets served
We conducted virtual workshops to help business owners and community members understand how they could utilize the Paycheck Protection Program (PPP)to support their businesses during the COVID-19 pandemic.
We generated 171 PPP loans totaling $16 million, impacting over 1,300 jobs. 75% of the loans were disbursed to minority-owned businesses. We were able to provide funding across 16 markets in North Carolina.
We have maintained an outstanding Community Reinvestment Act (CRA) rating for 25 years. This means that it has been determined that we have a proven track record of meeting the credit needs of the individuals, businesses, and nonprofits in our local communities.