SBA: Most Active Surety Partners for FY17 Named
The U.S. Small Business Administration announced today its most active surety companies and agencies for fiscal year (FY) 2017, which contributed to increases in the Surety Bond Guarantee (SBG) Program’s activity. “FY2017 yielded impressive numbers that would not have been possible without our top performing surety partners and bond agencies,” said Peter Gibbs, Acting Director for…
SBA: DFW Small Businesses Receive Record Lending of Over $1 Billion for a Consecutive Third Year
Herbert Austin, District Director for the U.S. Small Business Administration (SBA)’s Dallas/Fort Worth (DFW) District Office announced today that fiscal year 2017 lending in the district’s 72 counties reached over $1.187 billion to 2062 small businesses. “This is another major milestone for the DFW district” said Austin. “For the third year in a row our…
OCC: Acting Comptroller Discusses Efforts to Promote Lending and Investment in Distressed Communities
Acting Comptroller of the Currency Keith A. Noreika today discussed efforts by the Office of the Comptroller of the Currency (OCC) to support lending and investment in distressed communities. During remarks at the National Association of Affordable Home Lenders Annual Conference, the Acting Comptroller described guidance finalized by the OCC in August that gives national…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization. Through…
CDFI Fund: Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program
The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program…
SBA: 20 Growth Accelerator Fund Competition Recipients Announced
The U.S. Small Business Administration announces today 20 winners of the fourth Growth Accelerator Fund competition. The accelerators represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups. Each organization will receive from the SBA a cash prize of $50,000. In accepting these…
ABA: Stonier Graduate School of Banking Announces New Advisory Board Members
The American Bankers Association announced the appointment of four new members to the advisory board of the ABA Stonier Graduate School of Banking, the industry’s preeminent graduate school offered in partnership with the University of Pennsylvania’s Wharton School. The advisory board, which consists of 14 industry leaders from across the nation, works closely with the…
OCC: Acting Comptroller of the Currency Presents First Full Service National Bank Charter Since Financial Crisis
Acting Comptroller of the Currency Keith A. Noreika presented the first full service national bank charter since the financial crisis to Winter Park National Bank of Florida. Winter Park National Bank is the first de novo national bank and first de novo approved for federal deposit insurance in Florida since the financial crisis. (Click image…
FDIC: Meeting of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, November 1. At the meeting, FDIC senior staff will brief Committee members on a number of topics, including banks’ resilience in the face of hurricanes and other natural disasters, the FDIC’s Small…
CDFI Fund: Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available
The electronic application for the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their…