Lake Forest, CA (PRWEB)
November 22, 2016
Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today the conversion of a $100,000 deposit by First Bank into a new Class A equity investment. An exceptional community partner and investor since 1999, First Bank has made a total of four equity investments in excess of $800,000 in support of Clearinghouse CDFI’s mission. First Bank’s latest $100,000 equity investment will benefit distressed communities throughout California.
“First Bank’s longstanding partnership and support extends the reach of our mission to more underserved neighborhoods and individuals in need,” said Douglas Bystry, President and CEO of Clearinghouse CDFI. “We are grateful for First Bank’s dedicated…