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DANBURY, Conn., June 1, 2021 (SEND2PRESS NEWSWIRE) — Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants
(DANBURY, Conn.) — NEWS: Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants in its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs). The initiative is focused on expanding mortgage credit access in underserved communities. Washington D.C.-based Industrial Bank, a U.S. Treasury-certified CDFI and the oldest Black-owned commercial bank in the Mid-Atlantic region, is fully onboarded and began offering mortg...
December 15, 2020 In Northern Virginia, like much of the nation, Black-owned businesses are being negatively impacted by the COVID-19 pandemic. One report found 41% of Black-owned businesses have been forced to close due to COVID-19 compared to just 17% of white-owned businesses. All of this while Black-owned businesses face long-term, racial disparities that severely restrict business ownership, growth, and access to investment capital. Subscribe As part of our Build Back – Dream Forward: COVID-19 Response Fund Event Series, the Community Foundation for Northern Virginia, along with the No...
the problemems facing of community, american adustrial bank has been leader in mirity lending. joining us today, doyle mitchell, president and ceo and minorityrman of the bankers' association, and former chairman of the d.c. chamber of commerce. ana co-owner of the washington nationals. mr. mitchell, thank you so much for joining us today. abouteek, we talked nroblems that the "washingto business journal" uncovered. some very troubling statistics. do you think there is a problem it minority lending when comes to small businesses? >> absolutely. in the late 191970's, you had te commun...