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Stock impact report

13 Banks Power First Phase of Clearinghouse CDFI's Recapitalization [Yahoo! Finance]

Enterprise Financial Services Corporation (EFSC) 
Last enterprise financial services corporation earnings: 4/20 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Dec. 19, 2024 /PRNewswire-PRWeb/ -- Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today its largest single equity raise—more than $18 million in new capital investments from 13 different banks—the first phase of a recapitalization of the company. One of the largest and most successful CDFIs in the United States , Clearinghouse CDFI will leverage these new investments to significantly increase its mission-driven lending and community impact in the years ahead. The $18 million in new investments includes $3 million investments each from EverBank and Huntington Bank, $2 million from Farmers & Merchants Bank, a $1.8 million investment from Enterprise Bank & Trust, and $1 million investments from Carrollton Bank , Santa Cruz County Bank, Nano Banc, SMBC Manubank, Commercial Bank of California East West Bank , and U.S. Bank. Additional investors include American Business Bank and Cathay Bank. "We deeply appreciate the strong leadership and unwa Show less Read more
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