“Bank’s Tech Bet Pays Few Dividends” [Oct. 21] is but one more chapter in the sad saga of government’s community development efforts. The Los Angeles Community Development Bank’s woes were exacerbated ...

The federal government has closed 1st American State Bank of Minnesota, based in Hancock, Minn., the Federal Deposit Insurance Corp. said Friday. Community Development Bank of Ogema, Minn., assumed ...

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The Los Angeles Times recently ran yet another article about the failure of the L.A. Community Development Bank to meet its goal of creating a viable financial institution that could help fuel job ...

A community development bank in Arkadelphia, Ark., that raised nearly $35 million could be a model for a growing number of similar banks scrounging for capital to meet the needs of consumers and small ...

The Los Angeles City Council approved a plan Tuesday that allows the beleaguered Los Angeles Community Development Bank to make $4 million in new loans this year--a compromise that keeps the ...

Sindy Spivak is senior vice president, executive for Bank of America’s Community Development Bank, overseeing the financing of affordable housing deals in the West. Based in Los Angeles, she leads a ...