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 financial commitments from its member banks to fund its loans and fulfill its mission of creating and preserving quality affordable housing across our six-state lending footprint. In return for these financial commitments, Centrant members receive opportunities for CRA credit, an attractive interest yield and loan growth.
In fact, Texas Bank wasted no time in supporting Centrant’s mission, providing a significant financial commitment for a new multifamily community under construction in San Angelo. The proposed Glenn Park Apartments is Centrant’s first loan commitment in Texas, and will provide 60 units of much-needed affordable housing upon its completion.
We are grateful for the partnership and trust demonstrated by Texas Bank in supporting Centrant’s mission, and look forward to a long and mutually-beneficial relationship.