The OCC recently requested public comments on its Advanced Notice of Proposed Rulemaking (ANPR). Though issued solely by the OCC, the ANPR was widely interpreted as the first step in an Interagency effort to revise, update and modernize the regulations and guidance supporting the Community Reinvestment Act (CRA). Centrant’s position has been that CRA is…
In November, the staff of Centrant Community Capital participated in a one-day staff retreat and 2019 goal planning session. One of our tasks was to develop a concise statement of our mission, values and vision. That discussion was lively, invigorating and highly successful, and we are proud to share our results here. We believe that…
Centrant Community Capital is guided by a 15-member board of directors. Three seats are standing positions held by the Centrant EVP, the President/CEO of the North Carolina Bankers Association and the Executive Director of the North Carolina Housing Finance Agency. The remaining 12 seats are filled by CEOs, Chief Credit Officers, lenders and CRA officers…
Regulatory guidance requires that banks perform their own due diligence reviews, and demonstrate an independent credit decision, when entering into third-party loan arrangements such as the participation opportunities offered by Centrant Community Capital. Recent conversations with several member banks, as well as with OCC staff in Charlotte, suggest that regulators are paying particularly close attention…
Housing Works Conference – Register Now! It’s time once again to register for the 2018 North Carolina Affordable Housing Conference, Housing Works! This year’s event will be held October 24-25 at the Raleigh Convention Center, and all Centrant members are invited to register. Join your housing colleagues from around the state at North Carolina’s premier affordable housing…
Centrant Community Capital is excited to announce that two new banks have joined our lending consortium! State Bank and Trust Company, based in Atlanta, is a nearly $5 billion institution with 32 offices across Georgia. First National Bank Jasper is a $250 million bank located in Jasper, Texas, approximately 100 miles northeast of Houston. These…