CBB in the News

CBB in the News

Block publishes first Commerce and Climate Survey and announces its Sustainable Banking Initiative, January 29, 2024

Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s $25 million commitment directly connects to the company’s purpose of economic empowerment and founding mission to help support the needs of small businesses.

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Business Wire Press Release

Community Bank of the Bay addresses often ignored market, January 1, 2024

The San Mateo Daily Journal highlights the work that Community Bank of the Bay does within low-income communities and minority populations, as well as working with nonprofits who are helping solve the affordable housing problem, homelessness, and other societal challenges.

Read more in the San Mateo Daily Journal.

San Mateo Daily Journal

Community Bank of the Bay and Fiserv bring Real-Time Payments, (RTP) to the Bay Area, December 20, 2021

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that one of the San Francisco Bay Area’s most innovative and growing banks, Community Bank of the Bay, is furthering its digital transformation strategy with the implementation of real-time payments technology from Fiserv. 

Read more on Fiserv Inc’s website.

Fiserv logo

Black-Owned Businesses Face Challenges Accessing Capital; Community Bank of the Bay Strives to Ease Barriers

Charles Hill thought he knew banking from the inside, but as an entrepreneur he faced a series of hurdles getting loans for his business. He’s had a different experience at Community Bank of the Bay, where a mentor of his put him in contact with an African American banker. Hill has done four loans with that bank since 2016, one of which was the PPP loan that went nowhere at his previous bank.

Read more of this SF Business Times article

San Francisco Business Times logo

Nearly 25 Years After its Founding, CBB Remains Committed to Developing Inclusive Local Economies 

By providing local businesses and non-profits a committed and resourceful financial partner, Community Bank of the Bay—California’s first CDFI Bank—continues to make a positive and sustainable impact on its community. 

Read more on the National Community Investment Fund website

NCIF logo

While Big Banks Prioritized Big Clients for PPP Loans, Community Bank of the Bay Looked Out for Local Businesses, April 21, 2020

The initial rollout of the Paycheck Protection Plan left small businesses worried and frustrated, locked out of applying at some large lenders, like San Francisco-based Wells Fargo. Large banks are likely prioritizing bigger companies with hundreds of employees, experts say.  Before the money ran out, credit unions and community banks stepped into the gap, saying their neighborhood connections and willingness to loan to the smallest of businesses make them perfect for this moment. 

Read more of this Mercury News article

Mercury News logo

Socially Responsible Banks Can Make a Difference in Communities Experiencing Displacement, Jan 31, 2019

The Anti-Displacement Code of Conduct for Financial Institutions outlines how banks can alter policies and practices to mitigate displacement financing, while also focusing reinvestment activity into homeownership, small business ownership, and community stability. Community Bank of the Bay signed the Code of Conduct in 2018. 

Read more of this Forbes article

Forbes logo

Community Bank of the Bay Raises $7.7 Million for Expansion, August 15, 2016

A $7.7 million cash infusion will enable Community Bank of the Bay to broaden its footprint in the East Bay and muscle into the South Bay for the first time.

Read more of this East Bay Times article

East Bay Times logo

Community Bank of the Bay is the  First Bank to Sign Anti-Displacement Code of Conduct to Mitigate Displacement, Dec. 6, 2018

Silicon Valley Community Foundation, Community Bank of the Bay, and the California Reinvestment Coalition announced a unique collaboration to help curb commercial lending that displaces local tenants, homeowners, small businesses, and community institutions in the Bay Area’s red hot markets. 

Read more on the California Reinvestment Coalition website

Rise Economy, Formerly California Reinvestment Coalition

Oakland’s Community Bank Of The Bay Was City’s First “Public Bank, Oct. 8, 2018

Oakland’s Community Bank Of The Bay Was City’s First “Public Bank”
The call for an Oakland Public Bank is interesting, because it seems to ignore the very existence of Oakland’s first “Public Bank”, Community Bank Of The Bay.

Read more on the Oakland News Now Blog website

Oakland News Now Blog

Community Bank Of The Bay Puts Their Money Where Their Mouth Is, Mar. 20, 2007

The Community Bank Of The Bay knows that the future of the environment is in all our hands.

Read more on the CSRWire website