Chicago, April 30, 2013
Community Development Banking
What Your Bank Could Do to Support You
The film It's a Wonderful Life grows more relevant every day as more American consumers lose the value in their homes and anonymous customer service calling centers become our primary contact with our banks. However, there are still more than 7,000 banks and 7,000 credit unions in the United States. Each of these still has the ability to convert your insured deposit into a loan to a local business and to step up as a community civic leader. Just under 100 of those banks are certified by the U.S. Treasury as "community development banks" and another 500 nonprofit community loan funds finance housing rehab, small businesses, and nonprofit facilities.
In this program, Ron Grzywinski and Mary Houghton discussed the role that ShoreBank played as the first and largest community development bank and the increasing importance of community development financial institutions as long term partners in community and economic development. They will touch on the new Global Alliance for Banking on Values as well as opportunities for planners to contribute to more liveable, renewed communities.
About the Speakers
Mary Houghton was president of ShoreBank Corporation, the largest community development bank in the U.S. until it closed in 2010. She is currently a director of banks in British Columbia and India as well as two U.S. nonprofit community development financial institutions.
Ron Grzywinski was chairman and CEO of ShoreBank Corporation and today is a director of Enterprise Community Partners, the Corporation for Economic Development, and Ecotrust. He has received numerous honors, including the John Gardner Leadership Award. Houghton and Grzywinksi were named two of America's Best Leaders in 2007 by US News and World Report.