Chickasaw Community Financial – Team of the year – Financial

Company: Chickasaw Area Bank, Oklahoma City, OKEntry Submitted By the: Schnake Turnbo FrankCompany Dysfunction: Chickasaw Community Financial try the full-service financial institution which provides a varied variety of checking accounts, coupons profile, financing items, mortgages and financing characteristics to prospects and you can organizations throughout the new area. As of , Bauer Economic ranked us just like the a great 5-superstar financial, and you will we have been continuously placed in the big 15% of all of the You.S. banking institutions by Seifried & Make LLC.Nomination Group: Providers / Company CategoriesNomination Sandwich Classification: Company of the year – Financial – Medium

Nomination Name: Chickasaw Area Financial, Oklahoma Urban area, Ok

Chickasaw Community 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-possessed 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 Area Bank – Team of the year – Banking

Into the 2017, CCB (entitled Bank2 at that time) funded a transformational housing venture when you look at direct lenders for bad credit installment loans Illinois the Arizona condition, building 45 construction products for Indigenous Western families trying sobriety and you may so you’re able to regain children from foster care. CCB offered a multiple-billion dollar Term V1 loan and you may walked the fresh Lummi Country using new tricky Identity V1 process, and you may was identified by the newest U.S. Agency of Casing and Urban Development.

Chickasaw Neighborhood Financial (CCB) done 2020 having net gain more than six-bend the fresh new projections an archive-breaking year out of growth amid unprecedented volatility in the industry and you will discount. Proper planning and you will considered positioned CCB to receive this enlarge out of growth in a way that partners community financial institutions across the country possess treated. CCB canned the greatest volume of HUD-184 finance of every bank about U.S., and you can with the network from lenders has grown to become assisting to fill the fresh homeownership pit with Native People in the us nationwide. Like a tide that brings up all of the ships, CCB partnered with nearby group, Cherokee Country, to cover more 600 lease-to-very own, multi-generational homes having displaced tribal parents. CCB together with exhibited one community finance companies are important lovers to possess brief enterprises struggling to recover economically of COVID’s devastation, and complete the newest emptiness for these turned into out by larger banking companies. CCB financed almost $twenty-seven million inside PPP funds inside the 2020, with many more during the procedure, for members and you may low-customers.

During the 2020, CCB attained a yearly money away from $ten.1 million (a growth away from 314% of 2019), overall industrial funds out of $127.5 mil (an increase of %), and you may enhanced mortgages because of the sixty% out of 2019, getting $555 million. To advance its society money, the newest bank’s the new Brand name Ambassador system to help produce the next generation off neighborhood involvement boasts Carrie Underwood’s guitarist (an Oklahoma native) and others revealing its personal tales, playing with CCB because the a platform to greatly help someone else generate their abilities, speciality and you may experiences.

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 Indigenous American Property Requires Study presented from the You.S. Agency out of Property and Urban Invention, 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.

An incident study on brand new You.S. Department away from Casing and Urban Invention and the Office out-of Indigenous American Applications is connected, which provides next outline regarding transformational housing project Chickasaw Neighborhood Lender financed (since referenced within the treatment for issue: Temporarily explain the latest selected organization).