The federal government has closed 1st American State Bank of Minnesota, based in Hancock, Minn., the Federal Deposit Insurance Corp. said Friday. Community Development Bank of Ogema, Minn., assumed ...

The Los Angeles Times recently ran yet another article about the failure of the L.A. Community Development Bank to meet its goal of creating a viable financial institution that could help fuel job ...

A community development bank in Arkadelphia, Ark., that raised nearly $35 million could be a model for a growing number of similar banks scrounging for capital to meet the needs of consumers and small ...

Sindy Spivak is senior vice president, executive for Bank of America’s Community Development Bank, overseeing the financing of affordable housing deals in the West. Based in Los Angeles, she leads a ...