Albina Community Bank wins community development award

From The Skanner:

Albina Community Bank has been selected to receive a CDFI Fund Bank Enterprise Award of $675,000 for their 2007 community development work.

The bank’s award is for its support of Portland’s local businesses through small business loans, home improvement loans and commercial real estate loans to underserved areas of the city.

Albina is the only commercial bank in the Pacific Northwest certified as a Community Development Financial Institution by the U.S. Treasury Department…

Albina Community Bank opened in December 1995 as the first subsidiary of Albina Community Bancorp. One of just 57 commercial banks across the country certified by the U.S. Treasury Department as a community development financial institution, Albina is the only CDFI in the Pacific Northwest.

Albina Community Bank’s website notes that “Albina Community Bank opened in December 1995 to help our Portland neighbors and neighborhoods realize their potential and their successes.  While today’s shareholders include Legacy Emanuel Hospital and Meyer Memorial Trust, the bank is truly owned by the people of Portland through the NE Portland Community Development Trust and hundreds of individual shareholders who live throughout our local neighborhoods- those who care the most about our local communities.”  Albina Community Bank’s MLK branch is at 2002 NE MLK:

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