Company: Chickasaw Area Financial, Oklahoma Area, OKEntry Recorded By the: Schnake Turnbo FrankCompany Description: Chickasaw Neighborhood Lender was the full-provider financial institution that provides a diverse assortment of checking accounts, savings membership, capital affairs, mortgages and you will financing attributes to individuals and you will people throughout the fresh part. At the time of , Bauer Economic ranked all of us while the a great 5-superstar bank, and you may we have been consistently placed in the major 15% of all of the You.S. banking companies by the Seifried & Brew LLC.Nomination Class: Business / Business CategoriesNomination Sandwich Group: Business of the year – Banking – Average

Nomination Label: Chickasaw Area Lender, Oklahoma Area, Okay

Chickasaw People Financial (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 Indigenous 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 – Providers of the year – Banking

Inside the 2017, CCB (titled Bank2 at that time) financed a transformational property enterprise into the Arizona condition, strengthening forty five homes devices getting Native American family seeking to sobriety and you may so you can regain students from promote care. CCB offered a multi-mil money Name V1 mortgage and walked the brand new Lummi Nation courtesy the new complicated Title V1 processes, and was recognized by this new You.S. Service off Houses and you will Metropolitan Innovation.

Chickasaw Neighborhood Lender (CCB) done 2020 with net income over half dozen-fold this new projections accurate documentation-cracking season away from development in the middle of unmatched volatility in the market and you will discount. Strategic preparation and believed positioned CCB for so it enlarge regarding development in a manner in which few area finance companies all over the country might have managed. CCB processed the greatest level of HUD-184 financing of any bank on You.S., and you will with regards to system off lenders is starting to become helping to complete the brand new homeownership gap which have Indigenous Us americans all over the country. Such as a wave that raises most of the ships, CCB married that have surrounding group, Cherokee Country, to cover more than 600 lease-to-individual, multi-generational home for displaced tribal family. CCB as well as exhibited one to area banking institutions is actually important partners to own quick companies unable to get well financially out of COVID’s deterioration, and you may fill the fresh new emptiness of these turned out because of the huge financial institutions. CCB financed almost $twenty seven billion inside the PPP funds during the 2020, that have many even more within the techniques, for both clients and you can non-customers.

In 2020, CCB attained a yearly income regarding $ten.one million (an increase off 314% out-of 2019), full industrial money regarding $127.5 million (a growth off %), and enhanced mortgage loans of the 60% of 2019, reaching $555 million. To help expand the neighborhood financial support, new bank’s new Brand name Ambassador program to simply help produce the 2nd age bracket away from area involvement includes Carrie Underwood’s guitarist (an enthusiastic online personal loans Connecticut Oklahoma indigenous) and others discussing its individual reports, using CCB as a patio to help someone else write its overall performance, skills and you can knowledge.

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 Local American Housing Need Research held by You.S. Agencies out-of Casing and you can Urban Development, 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 from the You.S. Agencies off Homes and you can Metropolitan Invention and also the Work environment of Local American Programs is attached, that provides subsequent outline towards transformational homes opportunity Chickasaw Neighborhood Financial funded (while the referenced for the cure for issue: Temporarily explain the fresh new nominated organization).