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Community Bank Invests $700,000 in Clearinghouse CDFI to Benefit Distressed Communities throughout California

$700,000 investment will benefit distressed communities throughout Southern California LAKE FOREST, CA – January 11, 2017 – Community Bank (OTC: CYHT), founded in 1945, is a family-owned Southern California regional community bank, with assets of $3.5 billion, and headquartered in Pasadena with 17 business centers. The bank recently added a $700,000 equity investment in Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) Read More »

Clearinghouse CDFI Announces Large Investment from New Shareholder, Bank of Hope

$1 million investment will benefit distressed communities throughout California LAKE FOREST, CA – December 15, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today an equity investment from new Class A shareholder, Bank of Hope in the amount of $1 million—the largest initial equity investment it has received from a bank. Bank of Hope’s substantial investment enhances Clearinghouse CDFI’s Read More »

Robert Johnson Scholarship – Clearinghouse CDFI Matching Grant

The Robert Johnson Scholarship is awarded to college-bound clients and children of clients served by the following Orange County affordable housing nonprofit organizations: Orange County Community Housing Corporation (OCCHC) Affordable Housing Clearinghouse (AHC) About Robert Johnson: Robert (Bob) Johnson was a pioneer who strongly advocated for the provision of affordable housing for low-income families in Orange County, CA. In 1967, Read More »

Clearinghouse CDFI Awarded $65 Million New Markets Tax Credit Allocation from the United States Department of Treasury

Credits will be used to finance community development projects in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western United States   Lake Forest, CA – November 29, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today that it has been awarded a $65 million New Markets Tax Credit (NMTC) allocation from the United States Department of Read More »

Clearinghouse CDFI Announces Fourth Investment from Long-Time Community Partner, First Bank

$100,000 investment will benefit distressed communities throughout California LAKE FOREST, CA – November 22, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today the conversion of a $100,000 deposit by First Bank into a new Class A equity investment. An exceptional community partner and investor since 1999, First Bank has made a total of four equity investments in Read More »

Clearinghouse CDFI Announces Third Investment from First General Bank

Additional $100,000 investment will benefit distressed communities throughout Southern California   LAKE FOREST, CA – November 1, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today an additional $100,000 equity investment from First General Bank. A long-standing shareholder and community partner to Clearinghouse CDFI, First General Bank has now contributed a total of three equity investments in support Read More »

Clearinghouse CDFI Announces Investment from Current Class A Shareholder State Bank of India (California)

$250,000 equity investment will benefit distressed communities in California LAKE FOREST, CA – October 13, 2016 – Clearinghouse Community Development Financial Institution (CDFI) announced today a new $250,000 equity investment from current Class A shareholder State Bank of India (California) (“SBIC”). This investment marks the bank’s second investment with Clearinghouse CDFI—for a total of $505,000—and demonstrates its continued commitment to improving Read More »

Clearinghouse CDFI Congratulates Lisa M. Jones for Winning a Partnership for Public Service Sammie Award

Jones was the “Citizen Services” awardee for establishing and directing the U.S. Treasury Department’s CDFI Bond Guarantee Program   Lisa M. Jones of the U.S. Treasury Department’s Community Development Financial Institution Fund (CDFI Fund), was named a 2016 Sammie Award Winner for her integral role in establishing the CDFI Bond Guarantee Program (BGP). The Sammies—awarded by the Partnership for Public Read More »

Clearinghouse CDFI Announces Manufacturers Bank As New Investor

$2.2 million in total investments will benefit California’s distressed communities   LAKE FOREST, CA – September 20, 2016 – Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today two substantial investments from newest shareholder, Manufacturers Bank: $200,000 in equity and a $2,000,000 credit facility. Manufacturers Bank is a premium service business bank that works to build strong, stable businesses that Read More »

Clearinghouse CDFI Congratulates Lisa M. Jones for Her Finalist Designation in the Partnership for Public Service’s Sammie Awards

Lisa M. Jones of the U.S. Treasury Department’s Community Development Financial Institution Fund (CDFI Fund), has been honored with a 2016 finalist designation for a Sammie Award for her integral role in establishing the CDFI Bond Guarantee Program (BGP). The Sammies—awarded by the Partnership for Public Service and named after late founder Samuel J. Heyman—are awarded annually to Federal Government Read More »