NewBank – Flushing, New York
NewBank is a New York State chartered commercial bank serving the Asian-American community with headquarters in Flushing, NY, and additional branches in New York, NY, Fort Lee, NJ and Closter, NJ. NewBank is perennially ranked as a top originator of SBA 7(a) and 504 loans in the New York region. East Coast’s board member, Fredrick Schulman, is Chairman of the Board of NewBank.
The Harbor Bank of Maryland – Baltimore, Maryland
The Harbor Bank of Maryland is a Maryland chartered commercial bank with seven branch locations and headquartered in Baltimore, Maryland. The Bank was founded in 1982. Harbor Bankshares has two U.S. Treasury Department certified Community Development Financial Institutions (CDFIs) and has used the $141 million awarded from the CDFI Fund to leverage over $800 million in urban development. Harbor Bankshares received a $6.8 million investment from U.S. Treasury’s Troubled Asset Relief Program (TARP).
City National Bank – Newark, New Jersey
City National Bank, founded in 1973, is among the ten largest African-American banks in the United States and the only regulated Community Development Financial Institution (CDFI) in the State of New Jersey. It is headquartered in Newark and currently has branches in NY (Harlem and Brooklyn) and NJ (Newark and Paterson). Through its new and sophisticated Internet banking program, its services are now available nationwide.