IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION recognizing Central Bank of Kansas City upon the occasion of its 50th anniversary.
Intro
RESOLUTION #13643, April 2, 2001
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, Central Bank of Kansas City, chartered as a state banking corporation in August 1950, opened its doors to residents and businesses of Northeast Kansas City in March 1951; and,
WHEREAS, over the years the bank has managed to keep up with the changes and growth of the historic Northeast community, from its predominantly Italian heritage in 1951 to a culturally diverse community in 2001; and,
WHEREAS, during the fall of 1998, the bank participated in a pilot project with the Federal Deposit Insurance Corporation (FDIC) and Brotherhood Bank of Kansas City, Kansas, to offer consumer education banking classes in the neighboring predominately minority community; and,
WHEREAS, the bank partnered with Old Northeast Neighborhood, Inc., in the construction of thirty new homes in the Northeast community, affordable to low-and-moderate income residents, and offered special low-rate home improvement loans for owner-occupied residences, enabling many Northeast homeowners to improve their properties, as a direct result of which property values have increased; and,
WHEREAS, in 1996, 1997, 1998, 1999, and 2000, the bank made applications and received awards under the Community Development Financial Institutions Fund's Bank Enterprise Award Program for its investment in distressed communities; and,
WHEREAS, in 1998, the bank was certified as a Community Development Financial Institution, and in that same year, the FDIC rated Central Bank of Kansas City "Outstanding" because of its commitment and investment in community development; and,
WHEREAS, the bank was recognized in the July 2000 ABA Banking Journal as one of the top performing banks with assets under one billion dollars, and was...
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