Tags
Administration
Benefits
Communication
Communication Programs
Compensation
Conflict & Dispute Resolution
Developing & Coaching Others
Employee Satisfaction/Engagement
Executive Coaching
HR Metrics & Measurement
HR Outsourcing
HRIS/ERP
Human Resources Management
Internal Corporate Communications
Labor Relations
Labor Trends
Leadership
Leadership Training & Development
Leading Others
Legal
Management
Motivating
Motivation
Organizational Development
Pay Strategies
Performance Management
Present Trends
Recognition
Retention
Staffing
Staffing and Recruitment
Structure & Organization
Talent
The HR Practitioner
Training
Training and Development
Trends
U.S. Based Legal Issues
Vision, Values & Mission
Work-Life Programs & Employee Assistance Programs - EAP
Workforce Acquisition
Workforce Management
Workforce Planning
Workplace Regulations
corporate learning
employee engagement
interpersonal communications
leadership competencies
leadership development
legislation
News
Onboarding Best Practices
Good Guy = Bad Manager :: Bad Guy = Good Manager. Is it a Myth?
Five Interview Tips for Winning Your First $100K+ Job
Base Pay Increases Remain Steady in 2007, Mercer Survey Finds
Online Overload: The Perfect Candidates Are Out There - If You Can Find Them
Cartus Global Survey Shows Trend to Shorter-Term International Relocation Assignments
New Survey Indicates Majority Plan to Postpone Retirement
What do You Mean My Company’s A Stepping Stone?
Rewards, Vacation and Perks Are Passé; Canadians Care Most About Cash
Do’s and Don’ts of Offshoring
Error: No such template "/hrDesign/network_profileHeader"!
Blogs / Send feedback
Help us to understand what's happening?
Reason
It's a fake news story
It's misleading, offensive or inappropriate
It should not be published here
It is spam
Your comment
More information
Security Code
Clearinghouse CDFI Announces Investment from Grandpoint Bank
Created by
Press Releases
Content
$500,000 equity investment will benefit underserved communities in Arizona and Southern California
LAKE FOREST, CA (PRWEB) AUGUST 30, 2016
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today Grandpoint Bank’s initial Class A equity investment in the amount of $500,000. Grandpoint Bank is focused on helping to build strong, stable businesses that create jobs, provide services and support healthy communities. The bank’s substantial equity investment will help Clearinghouse CDFI continue its mission to provide community development lending in underserved areas.
“We are thrilled to welcome Grandpoint Bank to our growing list of strong community partners,” said Douglas Bystry, Clearinghouse CDFI President and CEO. “We appreciate their significant investment in Clearinghouse CDFI and their mutual commitment to revitalizing our local communities.”
Clearinghouse CDFI will leverage Grandpoint Bank’s investment to finance affordable housing, commercial real estate, small businesses, and community facilities projects. Similar projects previously financed by Clearinghouse CDFI include:
Apache Railway – $2.5 million in financing for the preservation of the historic Apache Railway, retaining existing jobs and providing the likelihood of furthering economic development in rural Arizona
One World Beef – A $5 million loan to facilitate the acquisition and restart of a shuttered meat packing facility, with the immediate return of 200 living wage jobs in the economically distressed Imperial Valley, and long term prospects for a total of 600 living wage jobs
West Bay Housing Corporation – $1.8 million in financing for a nonprofit organization providing affordable, community-based, supportive housing for individuals with special needs
“We are pleased to partner with Clearinghouse CDFI to help meet our common goals of bringing economic opportunities to underserved individuals and communities in so many of the markets that Grandpoint Bank serves,” said Jerro Otsuki, Chief Financial Officer of Grandpoint Bank. “We have been consistently impressed by their ability to identify needs and create responsive and innovative solutions that make a real difference in people’s lives.”
“This partnership is exciting, and it is a perfect fit with our bank’s CRA strategy to give back to our communities in ways that are truly meaningful,” added Cynthia Mendoza, Grandpoint Bank Compliance & CRA Officer.
ABOUT CLEARINGHOUSE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (Clearinghouse CDFI)
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) addresses unmet credit needs in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western U.S. Rated ‘AA’ Stable by Standard & Poor’s Ratings Services, Clearinghouse CDFI is an industry leader helping to bridge the gap between conventional lending standards and the needs of low-income and distressed communities.
Over the course of 19 years, Clearinghouse CDFI has funded $1.2 billion in total loans for over 1,650 projects which have created or retained more than 13,800 jobs and benefit over 1 million individuals. Clearinghouse CDFI is also a B Corp—a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. At June 30, 2016, Clearinghouse CDFI has total assets of $312 million. More information is available at: http://www.clearinghousecdfi.com.
ABOUT GRANDPOINT BANK
Grandpoint Bank is a commercial business bank headquartered in Los Angeles. Calif. The Bank focuses on serving the financial needs of small and mid-sized businesses and their owners, professionals and entrepreneurs. Grandpoint serves clients through six Grandpoint Bank branches in Los Angeles and Orange counties. The Bank also has three divisions: Regents Bank, which has four offices in San Diego County and one in Vancouver, Wash.; Bank of Tucson, with two offices in Tucson, Ariz.; and The Biltmore Bank of Arizona, with an office in Phoenix, Ariz. At June 30, 2016, Grandpoint Bank had total assets of $3.3 billion. Grandpoint Bank is a wholly owned subsidiary of Los Angeles-based Grandpoint Capital, Inc.http://www.grandpointbank.com
Copyright © 1999-2025 by
HR.com - Maximizing Human Potential
. All rights reserved.