Company: Chickasaw Community Bank, Oklahoma Town, OKEntry Recorded Of the: Schnake Turnbo FrankCompany Malfunction: Chickasaw Community Bank is a complete-service lender that provides a diverse array of checking levels, discounts levels, funding things, mortgages and credit attributes to people and businesses all over the area. Since , Bauer Economic rated you since a beneficial 5-star bank, and we have been consistently placed in the top 15% of the many U.S. banks by the Seifried & Produce LLC.Nomination Classification: Organization / Team CategoriesNomination Sub Classification: Team of the year – Financial – Average

Nomination Label: Chickasaw People Bank, Oklahoma Area, Ok

Chickasaw Area Lender (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 Native 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 Bank – Team of the year – Financial

From inside the 2017, CCB (called Bank2 at that time) financed a transformational construction investment into the Arizona county, building forty-five housing devices getting Native Western household trying sobriety and you may to help you win back students off foster care and attention. CCB considering a multi-billion money Identity V1 financing and you will stepped new Lummi Country as a result of the tricky Term V1 procedure, and you may is acknowledged by brand new U.S. Company out of Housing and you may Urban Creativity.

Chickasaw Neighborhood Lender (CCB) completed 2020 with net income more half a dozen-fold the new projections a record-cracking 12 months away from increases in the middle of unprecedented volatility on the market and cost savings. Strategic preparing and you can thought arranged CCB to get which swell off development in a way that couple people financial institutions nationwide possess handled. CCB canned the highest amount of HUD-184 funds of every bank from the U.S., and with regards to community from loan providers became helping complete this new homeownership gap that have Native People in america across the country. Such as for instance a tide that introduces all of the ships, CCB married that have nearby tribe, Cherokee Country, to pay for over 600 lease-to-own, multi-generational residential property to possess displaced tribal household. CCB also demonstrated you to definitely society banking institutions is crucial people to own brief organizations incapable of get well economically out-of COVID’s break down, and you will fill the emptiness for those became away by larger banking companies. CCB financed almost $27 mil inside PPP funds during the 2020, having hundreds of thousands alot more inside the processes, both for website subscribers and you can non-people.

From inside the 2020, CCB hit a yearly money away from $ten.1 million (an increase out of 314% out of 2019), complete commercial funds of $127.5 billion (an increase regarding %), and increased mortgages by sixty% regarding 2019, getting $555 million. To further its area capital, the fresh new bank’s brand new Brand Ambassador program to simply help create the second age bracket of neighborhood engagement comes with Carrie Underwood’s beginner guitarist (a keen Oklahoma indigenous) although some discussing their personal tales, having fun with CCB because the a deck to simply help others establish the abilities, speciality and you may feel.

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 Demands Research used by U.S. Agency off Construction and you will 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.

A case study on this new You personal loans online Ohio.S. Institution off Houses and Metropolitan Creativity plus the Work environment regarding Local American Programs is actually affixed, that gives then detail concerning the transformational housing opportunity Chickasaw Neighborhood Bank funded (because referenced inside the cure for practical question: Briefly describe the latest selected providers).