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Mutual Bank
Naperville ILCDFI Awards for Mutual Bank
BEA (2007) - $60,000
Mutual Bank has been selected to receive an award through the FY 2007 round of the Bank Enterprise Award Program for its support of Albina Community Bank, Citizens Bank, Elk Horn Bank & Trust, First Bank of the Delta, Legacy Bank, Liberty Bank and Trust, Louisville Community Development Bank, Native American Bank, Neighborhood National Bank, and United Bank and Trust. Mutual Bank is a state chartered bank with $1.2 billion in assets.
BEA (2004) - $54,000
Mutual Bank of Harvey, Illinois received an award of $54,000 for providing $900,000 in financial support to the following certified Community Development Financial Institutions (CDFIs): Albina Community Bank, Elkhorn Bank & Trust, Harbor Bank of Maryland, Legacy Bank, Louisville Community Development Bank, Mission Community Bank, Native American Bank, Shore Bank of Chicago, and Shore Bank of Cleveland.
BEA (2000) - $466,844
Mutual Bank of Harvey, Illinois, a certified Community Development Financial Institution (CDFI), received an award of $466,844 for making a $100,000 below-market rate deposit in the Community Bank of Lawndale, a CDFI, and for increasing its business, commercial real estate, consumer and single family lending activities in the distressed communities of Cook County, Illinois.
(0) - $0
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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Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
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