Industry News – July 8, 2021

SBA Announces Extension of $100 Million Community Navigator Pilot Grant Program Last week, the SBA announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates...

Industry News – July 1, 2021

SBA Revokes Restaurant Revitalization Fund Grants The revocation follows the SBA’s move to halt 2,965 previously approved applicants payments on June 14 following lawsuits in Texas and Tennessee. When funds of the $28.6 billion program ran dry, three restaurants took...

Industry News – June 24, 2021

  PayPal Launches Maggie Lena Walker Award  The award is named in honor of the first Black woman to charter a bank and serve as its president in the U.S. and will recognize and promote the achievements of underrepresented women who are economically empowering...

Industry News – June 17, 2021

Fifth Third Bank Becomes Largest Investor in Detroit Minority Depository Institution With an additional investment of $2.5 million, Fifth Third Bank has become the largest investor in First Independence Bank, the seventh-largest Black-owned bank. The investment is a...

Industry News – June 10, 2021

Philadelphia CDFI Network Is Seeking an Executive Director The Pennsylvania CDFI Network (PA CDFI Network), a membership organization of 17 Pennsylvania-based federally certified community development financial institutions, is seeking its first full-time Executive...