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City National Bancshares Corporation
900 Broad StreetNewark NJ, 07102
City National Bancshares Corporation (CNBC) is a for-profit bank holding company established in 1983. It is a certified CDFI, primarily serving minorities in the northern New Jersey and New York City area. CNBC will use its FY07 Financial Assistance award as loan loss reserves for its new micro loan product geared toward small businesses. It will use its Technical Assistance award to: 1) implement a document imaging system to convert paper files to electronic images; and 2) to move compliance fields and portfolio monitoring fields from a database to a core processing system.
CDFI Awards for City National Bancshares Corporation
FA (2007) - $542,705
City National Bancshares Corporation (CNBC) is a for-profit bank holding company established in 1983. It is a certified CDFI, primarily serving minorities in the northern New Jersey and New York City area. CNBC will use its FY07 Financial Assistance award as loan loss reserves for its new micro loan product geared toward small businesses. It will use its Technical Assistance award to: 1) implement a document imaging system to convert paper files to electronic images; and 2) to move compliance fields and portfolio monitoring fields from a database to a core processing system.
Other Community Development Financial Institutions in New Jersey
Elizabeth Development Company
Elizabeth
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