Community Development Corporation

Since 1995, MB Financial Community Development Corporation (CDC), a wholly owned subsidiary of MB Financial Bank, has been advancing neighborhood redevelopment with high-quality lending and investing programs.

Our mission is to serve as a strong corporate partner in our markets to help strengthen the communities we serve by acting as a contact and catalyst between bank divisions, neighborhoods groups, developers, local government representatives and other financial institutions that are also concerned with community and economic development. We promote and conduct activities that support the public welfare and revitalization of low- and moderate-income neighborhoods by making community development loans and equity investments transactions consistent with the goals of the Community Reinvestment Act (CRA).

We've helped thousands of low-income families and small business owners achieve their American dream by providing access to capital and unique banking products and services, including:

  • Community development loans (LIHTC, TIF, SSA, and more)
  • CRA-qualified Investments in LIHTC Funds, CDFIs, NMTC, REIT, and RETC
  • Employee involvement on boards and volunteer oportunities
  • MB Financial Charitable Foundation

We continue to explore new programs for banking products targeted to low- and moderate-income individuals and communities as well as small businesses.

As a Federal Home Loan Member we offer various opportunities for our corporate and consumer clients to participate in special programs such as the Affordable Housing Program (AHP), Down Payment Plus Program, Community Investment Rates (CIP) and others.

Please contact us if you have any questions about CDC.