Breaking Barriers: Biden-Harris Administration Makes Historic Investment in Community Bank of the Bay and Nine Other California Financial Institutions
Biden-Harris Administration Announces Historic Preferred Stock Investment OAKLAND, Calif., Sept. 21, 2022 Today, Vice President Kamala Harris and US Treasury Secretary Janet L. Yellen announced that the US Treasury Department completed $671 million in preferred stock investments in ten Community Development Financial Institutions (“CDFI”) or Minority Depository Institutions (“MDI”) headquartered in California under the Emergency…