May 2015

Cincinnati Development Fund Welcomes Woodforest National Bank® as new funding partner

Cincinnati, Ohio (May 19, 2015) – Cincinnati Development Fund (CDF) today announced a new partnership that will provide access to $500,000 in loan capital for community revitalization projects in Greater Cincinnati.

For Woodforest National Bank, a $3.7 billion-asset financial institution based in The Woodlands, Texas, the move represents its first investment in the revitalization of Greater Cincinnati’s low-income neighborhoods. Woodforest entered the Greater Cincinnati market in 2006 and now operates 10 branches in local Walmart stores.

“Woodforest National Bank is committed to being a good corporate citizen in the communities we serve through community lending, investments and volunteer service hours in each of our 17 states,” said Boyd Nelson, Woodforest National Bank’s Executive Vice President and Director of Community Development. “Through our new relationship with CDF, we will be able to support vital community development projects that align with our mission and meet the needs of Greater Cincinnati communities.”

“We are very excited to welcome Woodforest National Bank into the CDF family,” said Jeanne Golliher, President and CEO of Cincinnati Development Fund. “So many great things are happening in our community today, and this additional loan capital from Woodforest National Bank will enable CDF to support many more worthwhile projects in the urban core.”

About Cincinnati Development Fund

Cincinnati Development Fund (CDF) has been serving Greater Cincinnati for more than 25 years as a community development financial institution, helping to revitalize urban neighborhoods. CDF has financed projects in excess of $295 million, resulting in the creation of more than 5,000 units of housing. Today, CDF operates multiple loan funds for real estate development and nonprofit facilities and equipment financing. To learn more about CDF, visit www.cincinnatidevelopmentfund.org.

About Woodforest National Bank

Woodforest National Bank is a privately owned financial institution based in The Woodlands, Texas. It has successfully stood among the strongest community banks in the nation, proudly offering outstanding quality customer service since 1980. Woodforest National Bank offers both consumer and business products and services at more than 700 branches in 17 states across the United States. For more information, visit www.woodforest.com.

Source:  Cincinnati Development Fund

Woodforest National Bank

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