Sable Bancshares, Inc.

1111 South Homan Avenue
Chicago IL, 60624


Sable Bancshares Inc. (Sable) is a bank holding company serving low and moderate income residents and businesses in Chicago"s west and south sides. Sable"s subsidiary organizations include Community Bank of Lawndale R.E.G. Development Corporation UD&TC and SBI Mortgage Services LLC.

CDFI Awards for Sable Bancshares, Inc.


SECA (1999) - $21,250

The 1999 TA award will be used for the development and implementation of its new Individual Development Account program.



SECA (1998) - $29,000

In addition to needed software and audio/video equipment, the CDFI Fund technical assistance grant will be used for training of staff in the provision of homeownership counseling including budget and credit counseling, property maintenance, and prepurchase training.



CORE (1997) - $1,000,000

A $1,000,000 equity investment by the CDFI Fund will be used to strengthen the CDFI"s capital base and enable the institution to increase commercial, and residential lending. In addition, through a program with the State of Illinois, the awardee will explore and device strategies to bring public assistance beneficiaries into the banking and credit system.



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