Welcome to Community Development Bank
On behalf of the owners, board of directors and staff, I would
like to welcome you to our website. We hope you find its content
informative and user friendly.
Community Development Bank celebrated its 100-year anniversary
in 2006. Throughout its history, Community Development Bank has
provided its customers with the highest quality loan and deposit
products, delivered with industry leading customer service.
The year 2001 was a year of change for Community Development
Bank. That year, three non-profit Community Development
Corporations purchased the institution. A for-profit financial
institution owned by three non-profit CDCs is unique in the
country. We are committed to the economic, housing and community
development of the areas we serve. To strengthen that commitment,
we have brought several new lending and deposit products to our
customers, quadrupled the assets size of the bank and expanded our
staff. Community Development Bank earned an “Outstanding”
rating during our last Community Reinvestment Examination. We
pride ourselves in being a true community bank.
For our efforts, Community Development Bank has been designated
as a Certified Development Financial Institution by the Department
of Treasury. This designation has garnered over $1,700,000 in
funding that has been used to increase our lending capacity. In
addition, national organizations such as the Northwest Area
Foundation, Fannie Mae, the Calvert Foundation and the Rural Local
Initiative Support Corporation have contributed to our efforts.
We are excited about the future. With the help of our partners
and loyal customers we will continue our efforts in growing the
assets and the wealth of the people we serve. We would like you to
be a customer and supporter of our efforts. For more information
call me or any of our staff at 218 983-3241.
Kevin R. Shipley