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City National Bancshares Corporation
900 Broad StreetNewark NJ, 07102
CDFI Awards for City National Bancshares Corporation
FA (2007) - $542,705
City National Bancshares Corporation (CNBC) is a for-profit bank holding company established in 1983. It is a certified CDFI, primarily serving minorities in the northern New Jersey and New York City area. CNBC will use its FY07 Financial Assistance award as loan loss reserves for its new micro loan product geared toward small businesses. It will use its Technical Assistance award to: 1) implement a document imaging system to convert paper files to electronic images; and 2) to move compliance fields and portfolio monitoring fields from a database to a core processing system.
Other Community Development Financial Institutions in New Jersey
Elizabeth Development Company
Elizabeth
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Social Entrepreneurship
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Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”
