More resources for national banks
Community Developments Investments (August 2013)
Community Developments Investments is produced by the OCC’s Community Affairs Department. Articles by non-OCC authors represent their own views and not necessarily the OCC’s.
A Look Inside…
Indian Country badly needs capital to counter the lingering problems caused by unemployment and poverty. For banks, there is a real opportunity for contributing to needed changes—as well as for making a profit. Understanding Native American communities is the key.
Tribal Nations Ready and Able to Fully Contribute to America’s Prosperity
Many banks don’t know how to engage Native American communities, says the Executive Director of the National Congress of American Indians, who offers a road map.
Open for Business: U.S. Bank’s Experience in Indian Country
U.S. Bank executives tell how their bank has tailored deals to fit the needs of Native American customers, offering examples of loans, investments, and service projects the bank has undertaken in various tribal areas.
Prospering Together on Top of the World
First National Bank Alaska has become a leading financial partner of Alaska Native corporations by becoming experts in a loan guarantee program offered by the U.S. Office of Indian Energy and Economic Development.
Lending in Indian Country: Opportunities in Partnerships
An Oklahoma banker shares lessons learned and best practices that have helped First National Bank & Trust of Shawnee do business profitably—and in a safe and sound manner. The bank’s diverse customer base includes many Native American tribal and individual customers.
Program Helps Dream of Home Ownership Come True
A home loan guarantee program from the U.S. Department of Housing and Urban Development has helped Bank of Oklahoma provide mortgages to Native Americans in New Mexico who never thought they would own homes.
Working Together: Native CDFIs and Banks Partner to Bridge Financing Gap
A Native American community development financial institution takes on the challenges of poverty and unemployment, helping to improve lives in one of the poorest places in the United States: the Cheyenne River Indian Reservation in South Dakota.
Secured Transactions Codes: A Stepping–Stone to Economic Development
An interview with Susan Woodrow of the Federal Reserve Bank of Minneapolis helps explain the importance of having uniform commercial and secured transactions codes in place to attract creditors to Indian Country.
Community Reinvestment in Indian Country
A review of the Community Reinvestment Act (CRA) rules as they apply to banks’ lending and investments in Indian Country, as well as a primer on CRA terms and how CRA rules apply to the use of some federal loan guarantee programs.
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Useful links to help banks and borrowers find out about the options available to them, plus looks at two federal agencies that can help lenders get started.
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