Company: Chickasaw Society Lender, Oklahoma Area, OKEntry Submitted Because of the: Schnake Turnbo FrankCompany Description: Chickasaw Community Lender is actually the full-services standard bank which provides a diverse assortment of checking account, deals profile, capital things, mortgage loans and lending functions to people and companies all across this new region. At the time of , Bauer Monetary ranked united states as a 5-superstar financial, and you can we have been consistently placed in the big 15% of all the U.S. banks from the Seifried & Brew LLC.Nomination Group: Team / Organization CategoriesNomination Sub Group: Business of the season – Financial – Average

Nomination Title: Chickasaw Community Financial, Oklahoma Town, Okay

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 Indigenous Western-possessed 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 Community Lender – Organization of the year – Banking

Inside the 2017, CCB (called Bank2 during the time) funded good transformational housing investment in Arizona county, strengthening forty-five housing products having Native Western group trying to sobriety and you can so you’re able to regain college students out of promote proper care. CCB provided a multiple-billion money Identity V1 mortgage and you may walked the fresh Lummi Nation owing to the challenging Name V1 techniques, and you may is acknowledged by the U.S. Department away from Homes and Metropolitan Creativity.

Chickasaw Society Bank (CCB) accomplished 2020 with net income more than half a dozen-bend this new projections a record-cracking year away from increases in the midst of unprecedented volatility in the industry and you will economy. Proper preparation and you will considered organized CCB for it swell up out-of growth in a method in which partners people finance companies across the country could have addressed. CCB processed the best number of HUD-184 funds of every lender regarding the U.S., and you may with regards to system from loan providers has grown to become helping fill this new homeownership gap which have Indigenous Americans all over the country. For example a tide one brings up all vessels, CCB hitched that have neighboring group, Cherokee Nation, to cover over 600 rent-to-own, multi-generational homes getting displaced tribal parents. CCB and additionally displayed you to people finance companies is actually payday loans online Oklahoma vital lovers getting brief enterprises incapable of get well economically off COVID’s deterioration, and you will complete the brand new gap for those turned out from the big banking companies. CCB funded nearly $twenty seven million into the PPP finance when you look at the 2020, which have millions significantly more from inside the process, for members and you may low-customers.

Inside 2020, CCB achieved an annual money out-of $10.1 million (a growth out-of 314% of 2019), total commercial fund off $127.5 billion (an increase from %), and you may improved mortgages of the sixty% regarding 2019, getting together with $555 billion. To help expand the community investment, the brand new bank’s the Brand Ambassador program to simply help create the second generation regarding neighborhood involvement is sold with Carrie Underwood’s guitar player (an Oklahoma local) and others discussing the personal stories, using CCB while the a platform to aid someone else create the results, speciality and you can 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 Native Western Houses Means Studies held by the You.S. Service away from Homes and you will 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 study from new U.S. Agency from Casing and you will Metropolitan Development together with Workplace off Local American Applications try attached, that gives subsequent detail regarding transformational houses venture Chickasaw Society Financial financed (while the referenced when you look at the cure for practical question: Briefly explain the selected business).