Community Development Bankers Association Supports Banks Serving Underserved Communities
Thursday, June 20, 2024

"Technology has changed the way financial services companies operate. As financial institutions innovate and develop new solutions, an unfortunate side effect of the banking industry's growth is that some communities have been marginalized or ignored.

Community Development Bankers Association (CDBA) began in the early 2000s and is the national trade association of the community development bank sector. The organization has enjoyed stable leadership — Jeannine Jacokes has been CDBA's CEO since it began.

The association started shortly after the establishment by the U.S. Treasury Department of the Community Development Financial Institutions (CDFI) Fund, which offers community development banks resources and programs that invest federal dollars to help them support economically disadvantaged communities."