This weekend marks a significant milestone for Centrant Community Capital: 30 years of lending to finance affordable multifamily housing. On December 13th, 1990, Paul H. Stock, former Executive Vice President & Counsel for the North Carolina Alliance of Community Financial Institutions (now known as the North Carolina Bankers Association) signed the Articles of Incorporation of…
On the eve of next week’s Thanksgiving holiday, Centrant Community Capital is excited to share the news that Pioneer Bank, SSB has joined our affordable housing loan consortium. In fact, we’re especially thankful because Pioneer Bank is the fifth new member to join Centrant in 2020! About Pioneer Bank: Based in Austin, Pioneer Bank is…
Centrant Community Capital is pleased to welcome Texas Bank (San Angelo, TX) as our newest member institution. Texas Bank is the seventh Texas-based bank to join Centrant since it began offering loans in that state in 2018, and joins a membership community of more than ninety member banks from around the country. Centrant relies upon…
This year marks Centrant Community Capital’s 30th year of operation. In recognition of this milestone, and to share the important stories behind our success, we’ve adopted Partnerships Matter as our tagline for 2020. As our lending portfolio and operating footprint continue to grow – now exceeding $400 million in loans across six states – we…
Written by David Bennett Yesterday, I had the pleasure of attending one of a series of OCC roundtable sessions on the progress and direction of the agency’s plans for comprehensive CRA modernization. During this 90-minute session, which was held at the OCC’s headquarters in Washington, DC, Comptroller of the Currency Joseph Otting and several members…
Centrant Welcomes Newest Member: Benchmark Bank (Plano, TX) Centrant Community Capital, a consortium of banks offering loans to finance affordable multifamily housing, recently announced that Benchmark Bank has joined as its newest member. Headquartered in Plano, TX, the $620 million community bank is the fifth Texas-based financial institution to partner with Centrant. Benchmark Bank, which…
Regulatory Roundup: Centrant Presents Program Overview to OCC On March 28th, Scotty Duncan of the OCC hosted Centrant’s SVP of Credit and Lending, Rocky Herring, at a quarterly gathering of approximately thirty safety and soundness field examiners in Charlotte, NC. This was a wonderful opportunity to provide examiners with an overview of the LIHTC program,…
Following its earlier closing announcement for Givens Gerber Park III, Centrant Community Capital is pleased to announce two additional closings during the final week of January: Greenbrier Landing, located in Kinston, NC, and Parkside at Bethel, a new community in Clover, SC. Greenbrier Landing (Kinston, NC) Greenbrier Landing was developed by The Pendergraph Companies, a…
Centrant Community Capital is pleased to share its 2018 Impact Report – A Year of Change, Growth and Expansion. As we review and celebrate last year’s achievements, we also wish to acknowledge and thank the member banks, developers and other community partners whose contributions help to make our success possible. 2018 Impact Report – A…
Centrant Community Capital has closed a $1.03 million permanent mortgage to complete the financing requirements for Phase III of Givens Gerber Park, located in Asheville, NC. This new, 60-unit property provides 45 one-bedroom units and 15 two-bedroom units to seniors earning between 30-60% of the area median income. Givens Gerber Park was developed by The…