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Bank of America’s Community Development Financial Institution Loan Portfolio Surpasses $2 Billion

1 min read

The FINANCIAL — Company is the largest private investor in CDFIs in the United States. Bank of America today announced its current portfolio of loans, deposits and investments to Community Development Financial Institutions (CDFIs) now exceeds $2 billion. This includes approximately $100 million in deposits to minority depository institutions (MDIs) and investments of nearly $36 million of equity in 21 MDIs as part of the company’s recent commitment of up to $50 million.…

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Bank of America’s Community Development Financial Institution Loan Portfolio Surpasses $2 Billion

1 min read

The FINANCIAL — Company is the largest private investor in CDFIs in the United States. Bank of America today announced its current portfolio of loans, deposits and investments to Community Development Financial Institutions (CDFIs) now exceeds $2 billion. This includes approximately $100 million in deposits to minority depository institutions (MDIs) and investments of nearly $36 million…