Company: Chickasaw Community Bank, Oklahoma City, OKEntry Filed By the: Schnake Turnbo FrankCompany Malfunction: Chickasaw Community Bank is actually a complete-solution lender that offers a diverse array of examining accounts, coupons profile, capital things, mortgage loans and you will credit characteristics to prospects and you may organizations all over the latest part. At the time of , Bauer Economic rated you because the a 5-celebrity lender, and you may we have been continuously listed in the top 15% of the many You.S. banks by Seifried & Make LLC.Nomination Class: Business / Providers CategoriesNomination Sub Group: Business of the season – Banking – Typical
Nomination Term: Chickasaw Society Lender, Oklahoma Area, Okay
Chickasaw Community Bank (CCB) is a full-service financial institution for individuals and businesses across the U.S., under the leadership of Native American and African American CEO, T.W. Shannon.
Founded by the Chickasaw Nation and headquartered in Oklahoma City, OK, CCB is a 100% tribe-owned bank with a mission to build better lives for everyone. Rebranded from Bank2 to Chickasaw Community Bank, it serves as a hub for minority and underserved communities and a partner for small businesses. CCB is one of just 17 Indigenous American-owned community banks in the U.S. and has grown to $250 million in total assets. As of , Bauer Financial rated CCB a 5-star bank, and it has consistently been placed in the top 15% of all U.S. banks by Seifried & Brew LLC.
Chickasaw Society Bank – Organization of the year – Financial
Inside 2017, CCB (entitled Bank2 at that time) funded a beneficial transformational houses investment for the Arizona state, building forty five houses units for Local Western household seeking to sobriety and you can so you’re able to regain children away from foster care and attention. CCB given a multiple-mil dollars Name V1 financing and went the fresh Lummi Country through brand new difficult Name V1 process, and you will are acknowledged by the latest You.S. Service out of Houses and you may Metropolitan Creativity.
Chickasaw People Bank (CCB) complete 2020 with net gain over six-flex the fresh new forecasts accurate documentation-breaking seasons of development in the middle of unprecedented volatility in the industry and economy. Proper planning and you can planning positioned CCB to receive which swell up of development in a manner in which pair people banking institutions across the country have handled. CCB processed the highest amount of HUD-184 money of any lender regarding You.S., and along with their network off lenders has started to become helping complete the newest homeownership gap that have Native People in america all over the country. Such as for example a wave that raises the boats, CCB hitched having nearby group, Cherokee Nation, to pay for more 600 book-to-own, multi-generational land to own displaced tribal families. CCB in addition to showed you to definitely people financial institutions was vital partners to possess quick people not able to get well economically out of COVID’s deterioration, and you will complete the gap for these became away by the big banks. CCB financed almost $twenty-seven mil inside the PPP money inside 2020, which have many a lot more during the procedure, both for website subscribers and you can non-users.
When you look at the 2020, CCB attained an annual earnings out-of $ten.one million (a rise off 314% out-of 2019), full commercial financing regarding $127.5 million (an increase off %), and you may increased mortgage loans by 60% of 2019, getting together with $555 million. To advance their area financial support, the brand new bank’s the Brand name Ambassador program to greatly help create the second generation off community wedding is sold with Carrie Underwood’s guitarist (an enthusiastic Oklahoma local) although some sharing their individual stories, playing with CCB while the a deck to www.speedycashloan.net/loans/fixed-rate-loans aid someone else generate their overall performance, speciality and you will experience.
The bank’s achievements are more than numbers and statistics; they represent a success model for serving customers and systemic opportunity that can be replicated by banks across the U.S. The significance of Chickasaw Community Bank being the #1 bank in the U.S. in providing HUD-184 loans lies in the fact it is the leading bank making the dream of home ownership more accessible to Native Americans nationwide. Numerous studies have shown that Native American housing conditions are substantially worse than other U.S. households. According to Local Western Homes Demands Research held from the U.S. Department out-of Homes and Metropolitan Advancement, 17 percent of households in Indian country had one or more non-family members staying with them because they had nowhere else to go, and more Native Americans are living in overcrowded, unsound homes that are lacking proper heating and electrical than any other U.S. minority. As CCB is 100% tribal owned, and led by T.W. Shannon, a Chickasaw native, these statistics are deeply personal. Processing the highest volume of HUD-184 loans, building 600+ homes for Chickasaw and Cherokee tribal members and funding millions in PPP and mortgage loans is all about lending a critically-needed hand to people in need. CCB’s achievements since 2019 have not only been the tidal wave of growth of the bank itself, but also its tireless commitment to better the lives of everyone that has created a positive, measurable and lasting impact for Native Americans.
An incident learn from this new You.S. Company out-of Houses and you can Urban Advancement together with Place of work out of Local Western Programs was connected, that offers next detail concerning transformational construction investment Chickasaw Area Lender funded (once the referenced from inside the means to fix issue: Temporarily identify new selected business).