Company: Chickasaw Community Lender, Oklahoma Urban area, OKEntry Submitted Of the: Schnake Turnbo FrankCompany Description: Chickasaw Community Financial is a full-services standard bank that offers a diverse array of examining accounts, deals levels, money situations, mortgage loans and lending attributes to individuals and you will enterprises throughout the latest area. At the time of , Bauer Financial rated us since a good 5-celebrity lender, and you will we’ve been constantly placed in the top 15% of all the U.S. banking companies from the Seifried & Brew LLC.Nomination Group: Business / Organization CategoriesNomination Sub Group: Company of the year – Financial – Typical

Nomination Term: Chickasaw Area Lender, Oklahoma City, Okay

Chickasaw People 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 Indigenous American-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 Neighborhood Lender – Organization of the season – Financial

For the 2017, CCB (entitled Bank2 during the time) funded good transformational houses endeavor when you look at the Washington condition, strengthening forty-five construction equipment to possess Indigenous Western family members looking to sobriety and you can in order to win back students away from foster proper care. CCB provided a multi-million dollars Label V1 loan and you may moved the newest Lummi Country because of new tricky Name V1 processes, and you may is actually acknowledged by brand new You.S. Agencies from Homes and you will Metropolitan Invention.

Chickasaw People Financial (CCB) complete 2020 that have net gain more than six-bend the brand new projections accurate documentation-cracking seasons away from gains in the midst of unprecedented volatility in the industry and you may economy. Strategic planning and you can thought arranged CCB to get it swell off growth in a manner in which partners people banking institutions nationwide possess managed. CCB canned the best level of HUD-184 fund of every financial throughout the You.S., and you can along with their community from loan providers happens to be helping complete the brand new homeownership gap that have Local Us americans all over the country. Such a tide you to definitely raises every ships, CCB married having nearby tribe, Cherokee Nation, to pay for over 600 rent-to-individual, multi-generational property to possess displaced tribal family. CCB along with exhibited you to neighborhood finance companies was important partners to possess small businesses not able to recover financially out of COVID’s destruction, and you may fill the emptiness for these turned out because of the big banks. CCB financed almost $twenty-seven million when you look at the PPP finance for the 2020, that have millions a great deal more when you look at the procedure, for customers and you may low-customers.

Inside 2020, CCB hit an annual earnings of $ten.1 million (a rise away from 314% from 2019), complete commercial loans regarding $127.5 mil (a growth regarding %), and you may enhanced mortgages because of the sixty% out of 2019, getting together with $555 billion. To advance their community investment, the brand new bank’s the fresh new Brand name Ambassador system to aid create the 2nd generation of society wedding includes Carrie Underwood’s guitarist (an enthusiastic Oklahoma indigenous) although some sharing their private stories, having fun with CCB as a patio to greatly help other people build their results, speciality and enjoy.

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 American Property Needs Data held by U.S. Institution from Casing and you can Metropolitan Invention, 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 https://simplycashadvance.net/installment-loans-wv/ 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 study from the fresh U.S. Company off Houses and Metropolitan Advancement and Place of work out-of Native American Programs was connected, that gives subsequent detail towards transformational homes investment Chickasaw Society Lender financed (because the referenced in the cure for issue: Temporarily describe the latest selected company).