The NFL worked with Bank of America to secure $78 million in loans from 16 Minority Depository Institutions (MDIs), Community Development Financial Institutions (CDFIs), and minority- and women-focused banks that provide vital investments to diverse individuals, businesses, and communities.
The NFL collaborated with Bank of America to identify these banks and structure a new three-year term loan facility that provides financial returns generated from interest and access to the League and its Clubs for future endeavors.
In this NFL $78 Million secured loan partnership, the three Texas banks are Agility Bank, N.A. – Houston, TX (MDI, Women-owned and led), Texas National Bank – Mercedes, TX (MDI and CDFI, Hispanic American owned), and Unity National Bank of Houston- Houston, TX (MDI, Black or African American owned).
“Minority-focused banks, and especially Black-owned or operated banks, are trusted community partners that are more important now than ever given the challenges we are seeing across the country in banking,” said Ashley Bell, co-founder of National Black Bank Foundation. “The NFL’s decision to look for solutions beyond Wall Street and to the centers of hope along Main Street and MLK Jr. Drives will move the needle as others follow their lead.”
The Minority Depository Institutions, Community Development Financial Institutions, and minority and women-focused lenders that the NFL is partnering with include:
• Adelphi Bank – Columbus, OH (MDI, Black or African American owned)
• Agility Bank, N.A. – Houston, TX (MDI, Women-owned and led)
• Asian Bank – Philadelphia, PA (MDI and CDFI, Asian or Pacific Islander American owned)
• Central Bank of Kansas City – Kansas City, MO (CDFI)
• Citizens Savings Bank and Trust Company – Nashville, TN (MDI and CDFI, Black or African American owned)
• Citizens Trust Bank – Atlanta, GA (MDI and CDFI, Black or African American owned)
• City First Bank, National Association – Washington D.C. (MDI and CDFI, Board is majority African American)
• First Independence Bank – Detroit, MI (MDI and CDFI, Black or African American owned)
• FWBank, an Illinois Banking Institution – Chicago, IL (Women-owned, women-led and women-focused)
• Industrial Bank – Washington D.C. (MDI and CDFI, Black or African American owned)
• Mechanics and Farmers Bank – Durham, NC (MDI and CDFI, Black or African American owned)
• Optus Bank – Columbia, SC (MDI and CDFI, Black or African American owned)
• Ponce Bank – The Bronx, NY (MDI and CDFI, Board majority is Hispanic American)
• Southern Bancorp Bank – Arkadelphia, AR (CDFI)
• Texas National Bank – Mercedes, TX (MDI and CDFI, Hispanic American owned)
• Unity National Bank of Houston – Houston, TX (MDI, Black or African American owned
Source: NFL
