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Douglass National Bank
Kansas City KSCDFI Awards for Douglass National Bank
BEA (2005) - $500,000
Douglass National Bank of Kansas City, KS received a Bank Enterprise Award grant of $500,000 for increasing its affordable home mortgage, affordable housing development, small business and commercial real estate loans by $4 million in distressed communities. The awardee is a national bank and a certified community development financial institution with total assets of $97.5 million.
BEA (2004) - $885,438
Douglass National Bank received an award of $885,438 for increasing its financing activities in economically distressed areas of Kansas and Missouri.
BEA (2002) - $330,000
Douglass National Bank of Kansas City, Kansas, received an award of $330,000 for CDFI Support Activities with the following certified CDFIs: Albina Community Bank, First American International Bank, Illinois Service Federal Savings and Loan Association of Chicago, Legacy Bank, Louisville Community Development Bank, Pan American Bank, Seaway National Bank of Chicago, Self-Help Credit Union, United Bank and Trust Company, and University National Bank
BEA (2000) - $468,900
Douglass National Bank of Kansas City, Kansas, a certified Community Development Financial Institution(CDFI), received an award of $468,900 for making $100,000 below-market rate deposits in eleven other certified CDFIs, including: Alternatives Federal Credit Union, Bank of Cherokee County, Berean Federal Savings Bank, Blackfeet National Bank, Central Appalachian Peoples Credit Union, Communities United Credit, Community Bank of the Bay, Community Capital Bank, First Bank of the Americas, International Bank of Chicago, and South Shore Bank. Douglass National Bank also increased its business, commercial real estate, consumer, and single and multi- family lending activities in distressed communities in the bi-state area of Kansas City, KS and MO.
BEA (1999) - $198,000
Douglass National Bank of Kansas City, Kansas, a certified Community Development Financial Institution (CDFI), received an award of $198,000 for making $100,000 below-market rate deposits in six other certified CDFIs. The CDFIs funded by the awardee are Boston Bank of Commerce, Central Bank of Commerce, Central Bank of Kansas City, Louisville Community Development Bank, Neighborhood National Bank, Shorebank of Cleveland and South Shore Bank.
CORE (1999) - $1,903,000
The CDFI Fund's $ 1.7 5 million equity investment will provide the bank's holding company with the capital it needs to achieve its community development objectives in revitalizing distressed neighborhoods and serving the Kansas City area's African American residents. Douglass is an important model worthy of close attention.
Other Community Development Financial Institutions in Kansas
Douglass National Bank
Kansas City
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Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
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