SAN FRANCISCO - (06/01/06) -- The Federal Home Loan Bank of SanFrancisco announced Wednesday it has awarded Santa Cruz CommunityCU a $135,000 grant under its Affordable Housing Program which thecredit union will use to provide low-cost funding for the GraceCommons community counseling center in Santa Cruz. The SanFrancisco bank awarded a total of $23.4 million to 60 projectswhich will provide low-cost funding to renovate 3,679 affordablehousing units in Arizona, California, Florida, Illinois, Nevada,Oregon, Tennessee, and Texas.
-
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
52m ago -
The Federal Reserve has proposed that the two payments services run seven days a week, meaning they'd no longer close on weekends or holidays. The public has 60 days to comment.
52m ago -
Former Silicon Valley Bank exec Floyd Kessler joins Comerica as executive vice president and chief business control officer; Melissa Holding succeeds Michael Robinson as head of wealth management at Huntington; Goldman Sachs' Alexander Mayer is set to take on a senior position at JPMorgan Chase; and more in this week's banking news roundup.
4h ago -
In this week's edition of the American Banker news quiz, test your knowledge on Colorado banking legislation, the failure of Republic First Bancorp, acquisitions and more.
8h ago -
Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
May 2 -
Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
May 2