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December 4, 2019

A community bank doing all kinds of quality lending in Dallas

Another great Better Banking Option we discovered while doing research in the Dallas/Fort Worth area, HomeBank Texas is a small institution that started out in a small community, but recently moved into an urban area, bringing their hometown approach to banking in a big city. Like Stockman’s bank which we talked about last week, they’re still a community ba...

November 26, 2019

A hometown bank from Southwestern Oklahoma serving Dallas with incredibly effective lending

When looking for Better Banking Options in Dallas, there was one that immediately stood out to us. You wouldn’t expect to find a bank or credit union in an urban area like Dallas that devotes about a quarter of their assets to small farm loans. However, for Stockman’s Bank, this makes more sense considering the bank was origina...

November 20, 2019

A small-town bank serving the big city market of Omaha with highly effective community lending

While researching Better Banking Options in Omaha, Nebraska, for a research request, we noticed that many of the best banking options available to Omaha residents are actually headquartered elsewhere. They’re often small institutions that have spent most of their time working in more rural, agricultural communities, but beca...

November 15, 2019

A Low-Income Credit Union devoted to seeing their members’ financial goals come true in Boston

Approximately half of Boston’s population is Latinx, although this percentage has fluctuated in the 21st century, due to gentrification, the 2008 housing crisis, and then a recent push for affordable housing. There are a lot of forces at play as development surges in Boston, and it’s important for the banks and credit unions...

November 8, 2019

A tiny local bank with a big impact in the small city of Morehead, Kentucky

While you’re probably not able to bank with this Better Banking Option, we wanted to feature them as a reminder that sometimes, the Better Banking Option is also the most traditional. Usually, “traditional” banking is cautious about lending to low-income households, because these are considered riskier investments and the traditional bank’s ma...

November 1, 2019

A CDFI and MDI in San Francisco investing in low- and moderate-income neighborhoods

In last week’s feature article, we talked about how deregulation in the banking industry has left us unable to get data from more than half of banking institutions about how much they are lending in low- and moderate-income (LMI) census tracts. While this was intended to relieve the small institutions which may struggle to track and re...

October 25, 2019

Plus, a recent banking regulatory policy change and why it matters

One reason why everyone should be paying a little more attention to banking policy is because it drastically effects what banking institutions are required to report to the FDIC and NCUA. Until recently, most banks were required to report what percentage of their housing lending is done in low- and moderate-income census tracts. For us at Better Bankin...

October 22, 2019

A growing bank investing heavily in low- and moderate-income housing in neighborhoods across NYC

While looking at banking institutions in NYC, we’ve noticed an abundance of banks that call themselves commercial banks, though that term is used in more than one way—for-profit banks and/or banks that do commercial, i.e., corporate-focused, banking. While their ultimate goal is to increase profits for their shareholders,...

October 16, 2019

A small credit union serving members in Savannah with fantastic small business lending

In the process of testing our developing search engine, we’ve been looking at the results of searching in cities in which we’ve already done a fair amount of research to see if the Better Banking Options we recommend matched up with those at the top of the data-generated list. Although this has proven that there’s a lot more tweakin...

October 11, 2019

A CDFI in Southeast Louisiana providing exceptional financial products to areas that need it most

We’ve talked a lot about poverty rates across the country, and how the highest poverty rates in the United State are in the southern, rural states. However, one thing we’ve not talked about before is what high rates of concentrated poverty look like. While poverty is defined as “lacking the money or material possessions t...

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Why you should be banking with HomeBank Texas

December 4, 2019

Why you should be banking with Stockman’s Bank

November 26, 2019

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