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 institutions will play an important role in expanding Centrant’s funding base, allowing us to pursue more loan opportunities in these two states where the shortage of affordable housing has been identified as a critical need.
Since 1990, Centrant Community Capital has provided over $390 million in funding to finance more than 21,000 apartment units at 400 properties across the Southeast. Funding for all Centrant loans is provided by our member banks on a voluntary participation basis, allowing members to receive interest income and Community Reinvestment Act (CRA) credit while enhancing the communities they serve.