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Wainwright Bank Receives $128,603 from CDFI Fund's 1998 Bank Enterprise Award
U.S. Treasury Department
September 28, 1998
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Wainwright Bank has received the largest 1998 Community Development Financial Institutions (CDFI) Fund award to banks in the Boston area.
The nationwide awards are provided through the Treasury Department's Bank Enterprise Award Program to recognize a financial institution's lending and investing activities in underserved neighborhoods.
"The CDFI Fund is helping to rebuild communities across the country," Secretary Robert E. Rubin said. "By filling niches in the private financing market and by drawing mainstream financial institutions into low income communities through partnerships, the CDFI Fund's award recipients help to make our financial system work better for all of us."
Award recipients are held to performance stands that help ensure the CDFI's investment will result in a significant community impact.
| The 1998 CDFI Boston area award recipients are: |
| BankBoston, NA |
$ 11,250 |
| Cambridge Savings Bank |
$ 3,668 |
| Fleet Bank, NA |
$ 88,000 |
| Wainwright Bank & Trust Company |
$ 128,603 |
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