COMMUNITY DEVELOPMENT BANK

Community Development Bank was founded in 1906 and purchased by three non-profit Community Development Corporations in 2001. A for-profit financial institution owned by non-profit Community Development Corporations is very unique and brings significant economic development resources to the communities we serve... We generously support local non-profit organizations, fundraisers and student groups with financial contributions. Additionally, we provide scholarships and internship opportunities to local high school and college students. You'll regularly see our staff volunteering at community events, coaching youth sports or serving on local non-profit boards... After much thought and careful consideration, Community Development Bank has entered into an agreement to have its Hancock branch acquired by Star Bank, headquartered in Maple Lake, MN. Additionally, Community Development Bank has agreed with Deerwood Bank, headquartered in the Brainerd Lakes Area of Minnesota to acquire CDB's..

Primary location: Ogema United States