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International Bank of Chicago
1860 N. Mannheim Rd.Stone Park IL, 60165-1020
CDFI Awards for International Bank of Chicago
BEA (2008) - $675,000
International Bank of Chicago has been selected to receive an award of $675,000 through the FY 2008 round of the Bank Enterprise Award for its support of Brookland Federal Credit Union, Community Choice Credit Union, Dakotaland Federal Credit Union, Kern Central Credit Union, Missouri Family Federal Credit Union, New Hope Community Development Federal Credit Union, North Side Community Federal Credit Union, South Side Community Federal Credit Union, O.U.R. Federal Credit Union, and Toledo Urban Federal Union and for its small business loans and affordable housing mortgages. International Bank of Chicago is a certified CDFI and state-chartered bank with $171 million in assets.
BEA (2006) - $500,000
International Bank of Chicago has been selected to receive an award of $500,000 through the FY 2006 round of the Bank Enterprise Award Program for its support of affordable home mortgages, small business loans, commercial real estate loans, and support of CDFI activities at the following organizations: Santa Cruz Community Credit Union, Community Trust Credit Union, Mendo Lake Credit Union, and Brooklyn Cooperative Federal Credit Union. International Bank of Chicago is a certified CDFI with $141 million in assets.
BEA (2005) - $500,000
International Bank of Chicago of Chicago, IL received a Bank Enterprise Award grant of $500,000 for increasing its affordable home mortgage lending by $150,000, by increasing its affordable housing development lending and project investing by $2.9 million and by increasing its small business lending and project investing by $2.3 million - all in distressed communities. The awardee is a state chartered bank and a certified community development financial institution with total assets of $120 million.
CORE (2002) - $500,000
The Awardee plans to use the Fund's $500,000 grant to pilot and expand their ACCESS loan program. This program will consist of personal loans to qualified individuals in need of money due to an unexpected emergency, for example, health care payments, prevention of foreclosures, or payment of delinquent taxes.
BEA (2002) - $1,184,040
International Bank of Chicago in Chicago, Illinois, received an award of $1,184,040 for CDFI Support Activities with the following certified CDFIs: Albina Community Bank, Carver State Bank, Citizens Trust Bank, Community Commerce Bank, First American International Bank, Fort Gibson State Bank, Legacy Bank, Neighborhood National Bank, Pan American Bank, Seaway Bank, Shore Bank of Chicago, Shore Bank Cleveland, and University National Bank.
BEA (2001) - $1,649,822
International Bank of Chicago of Chicago, Illinois, a certified Community Development Financial Institution, received an award of $1,649,822 for increasing its consumer, single family, commercial real estate, and business lending activities throughout distressed communities in Chicago.
BEA (2000) - $652,407
International Bank of Chicago, Illinois received an award of $652,407 for increasing its deposit taking, financial services and community services geared toward its largely immigrant community, and business and commercial real estate lending in distressed neighborhoods in Chicago. The activities included a $1,000,000 line of credit to finance the rehabilitation of the Uptown Theatre, a historic landmark in the distressed community. In addition, International Bank provided deposits to six certified CDFIs.
CORE (1999) - $150,000
The profile for this award is not currently available.
BEA (1999) - $509,495
International Bank of Chicago, Illinois, a certified Community Development Financial Institution (CDFI), received an award of $509,495 for increasing its lending in distressed communities within Chicago and for making a $90,000 deposit in the South Shore Bank of Chicago, another certified CDFI.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
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