Hillsboro, OH (January 20, 2010) — NCB, FSB, a federally chartered savings bank reported solid lending activity in 2009 for local Ohio properties despite the economic downturn. During the past year, the Bank arranged over $30 million in residential, commercial and consumer loans for 429 customers in Hillsboro, Wilmington, Blanchester and Fayetteville, Ohio.
“At NCB we are committed to be a consistent source of funding to our local community,” said Chris Goettke, Co-President, Ohio Region. “While it’s been a challenging year in southwestern Ohio, NCB remains focused on being a reliable source of competitive banking products and services.”
To assist homebuyers, NCB offers a Welcome Home Grant, helping qualified individuals, without a large down payment enjoy the benefits of homeownership. As a member of the Federal Home Loan Bank (FHLB) of Cincinnati, NCB has access to the Welcome Home Grant which can fund reasonable down payment and closing costs incurred in conjunction with the acquisition of owner-occupied housing to be used as primary residences by low- and moderate-income homebuyers. NCB may use amounts up to a maximum of $5,000 per homebuyer, based on documented need of borrowers.
Home buyers and owners continue to find a strong, active lending partner in NCB. The Bank is able to handle a variety of financing needs, offering first and second mortgages. The Bank attributes a great deal of its lending success to its full-suite of banking products and services, now even more accessible through its efficient online loan application capabilities.
As a full-service financial institution, NCB has grown significantly in Ohio over the past ten years, increasing both deposit and loan market share through an expanded menu of commercial and personal banking products.
NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a wholesale funding company; NCB, FSB, a federally-charted savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit. Loans and other financial services are provided by NCB, FSB and NCB Capital Impact. Deposit products and services are provided by NCB, FSB, which is a member FDIC. Each is a separate corporation within the NCB Financial Group.
NCB Financial Group is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank also has offices in Alaska, California, New York, Ohio and Virginia. To learn more about NCB Financial Group, visit www.ncb.coop.