Company: Chickasaw Community Bank, Oklahoma Urban area, OKEntry Registered By the: Schnake Turnbo FrankCompany Breakdown: Chickasaw Community Bank are a full-provider financial institution that gives a diverse array of examining profile, offers account, capital situations, mortgage loans and you may financing characteristics to individuals and you will organizations throughout the latest part. At the time of , Bauer Monetary ranked us because the an excellent 5-superstar financial, and you may we have been consistently placed in the major 15% of all of the You.S. finance companies by Seifried & Produce LLC.Nomination Classification: Team / Providers CategoriesNomination Sub Category: Organization of the year – Banking – Average
Nomination Label: Chickasaw Society Lender, Oklahoma Town, Ok
Chickasaw Area Financial (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 Local Western-had 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 – Business of the year – Banking
In 2017, CCB (named Bank2 at the time) financed a great transformational housing venture during the Arizona county, strengthening 45 construction systems to possess Local American family looking to sobriety and you may in order to win back college students of foster worry. CCB considering a multi-billion buck Identity V1 mortgage and you will strolled brand new Lummi Country owing to the newest tricky Name V1 procedure, and you may are acknowledged by the newest You.S. Agencies from Construction and Urban Innovation.
Chickasaw Community Financial (CCB) finished 2020 that have net gain more than half dozen-flex the newest forecasts accurate documentation-cracking year off progress in the middle of unprecedented volatility in the industry and you can discount. Strategic planning and you can thought positioned CCB to get it swell of development in a method in which partners neighborhood banking companies nationwide might have addressed. CCB processed the greatest number of HUD-184 financing of any financial on You.S., and you will due to their community of loan providers has become assisting to complete the fresh new homeownership pit having Indigenous People in the us across the country. Such as a tide one brings up most of the ships, CCB married with nearby tribe, Cherokee Country, to fund more than 600 lease-to-very own, multi-generational belongings having displaced tribal household. CCB together with exhibited you to definitely community financial institutions are crucial lovers having small businesses not able to get well economically out of COVID’s devastation, and you will complete this new gap for these turned out of the big banking institutions. CCB financed almost $27 million in PPP fund inside the 2020, with millions more in the processes, for website subscribers and you will non-consumers.
Within the 2020, CCB achieved an annual money of $10.1 million (an increase from 314% of 2019), complete commercial finance out-of $127.5 billion (an increase of %), and you will improved mortgage loans by 60% out-of 2019, interacting with $555 mil. To help the people money, the fresh bank’s the Brand name Ambassador program to help create the 2nd generation from society engagement has Carrie Underwood’s beginner guitarist (an enthusiastic Oklahoma local) while some discussing its personal tales, using CCB once the a platform to assist other people build the overall performance, skills and you can 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 online payday loan North Dakota 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 Indigenous American Casing Need Studies used because of the You.S. Department out-of Property and you can Urban Innovation, 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 instance study on brand new U.S. Institution away from Housing and you may Metropolitan Development and Office away from Indigenous Western Applications is affixed, that offers further detail regarding transformational property endeavor Chickasaw Society Bank financed (because referenced in answer to issue: Briefly define the brand new selected team).
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