IBC Bancorp, Inc. of Chicago, Illinois was incorporated in 1997 and holds three affiliates: International Bank of Chicago, Community Bank of Lawndale, and IBC Community Development Corporation. The corporate family serves numerous low and moderate-income communities in and around Chicago, including: Uptown, Chinatown, Stone Park, and Lawndale. The applicant"s target markets have significant African-American, Latino, and Asian-American communities that include significant immigrant populations. The awardee offers a full line of financial and loan products, including no-fee, no minimum balance accounts in an effort to reach out to unbanked and very low-income consumers. The applicant also proposes to develop a new product, called SafeATM that has some features of a stored value card, is also intended to reach out to the unbanked and to help reduce their risk of theft and to give them a credit card that can be used for airline ticket purchases.