The City Council is stepping up pressure on the Los Angeles Community Development Bank, giving officials two months to craft a comprehensive plan to create jobs for residents of low-income ...

The Los Angeles Times recently ran yet another article about the failure of the L.A. Community Development Bank to meet its goal of creating a viable financial institution that could help fuel job ...

The Los Angeles Community Development Bank, created after the 1992 riots to fund businesses in depressed areas of L.A., has 18 months to become self-sufficient or it will be shut down, the City ...

The federal government has closed 1st American State Bank of Minnesota, based in Hancock, Minn., the Federal Deposit Insurance Corp. said Friday. Community Development Bank of Ogema, Minn., assumed ...

A community development bank in Arkadelphia, Ark., that raised nearly $35 million could be a model for a growing number of similar banks scrounging for capital to meet the needs of consumers and small ...

Sindy Spivak is senior vice president, executive for Bank of America’s Community Development Bank, overseeing the financing of affordable housing deals in the West. Based in Los Angeles, she leads a ...

Quontic Bank, a New York community development financial institution, has an outsize reputation for innovation. The $1.4 billion-asset Quontic recently lost one of its tech leaders in innovation chief ...