Albina Community Bank (ACB) "creates hope and financial opportunity by building lasting banking relationships with those who care most about our community." Through this mission, ACB aims to create jobs, growth of small businesses and wealth in local Portland neighborhoods. In FY2007, ACB's efforts resulted in 184 loans to the community, including new Business Micro Loans and Small Business Administration loans that created 50 jobs and maintained 915 jobs during the year.
- ACB is a locally-owned full service commercial bank committed to investing in individuals,
families, businesses, and local neighborhoods. Our shareholders, boards of directors and
management expect us to measure our success by more than simply the bank's financial results. Some
- Microenterprise Loan Fund: Through a grant from the State of Oregon's Economic and Community Development Department, this fund is targeted to small, emerging, women-owned and minority businesses, and makes loans up to $50,000.
- The Loop Visa" Credit Card- A community credit card product where customers designate their area of choice and Albina donates 1% of all purchases to 10 local nonprofit organizations.
- Charitable CD's: A fundraising program for the local nonprofit community.
- CDARS: Provides FDIC insurance coverage up to $50 million.
- Other services include loans for commercial real estate,
short-term loans, revolving lines of credit, term loans, residential and consumer loans, and credit
cards. ACB also offers a full line of business and personal banking services: checking, savings,
money markets, time deposits, online banking and bill payment, business cash management services,
remote capture, IRAs, ATM banking and bank-by-mail.
ACB aims to build relationships with individuals and businesses in our local neighborhoods and throughout the Portland metropolitan area with people of all ages, ethnic backgrounds and social interests. The bank focuses on initiatives and activities that help those who have the ability, character and personal initiative to succeed, but may not be well served by traditional banks. Additionally, ACB promotes community development by providing products and services and banking solutions that are directed towards improving the social or economic conditions of underserved peoples or residents of distressed communities. ACB's client diversity is currently not measured.
Since inception, ACB has made more than $354 million in loans to borrowers in Portland, Oregon. These loans include loans to the community, small businesses, not-for-profit organizations and individuals.
In FY2007, ACB: made 41 new microenterprise loans to new businesses totaling $849,768; Disbursed 25 Small Business Administration Loans worth $2,566,350; and has lent nearly $17 million developing 112 affordable housing units and putting 16 families into affordable homes. From these loans in 2007, ACB helped create and maintain 965 jobs. In addition throughout 2007, ACB employees dedicated 2,713 hours volunteering at close to 380 nonprofit organizations.
Raised in a family of artists, Rebecca Pearcy was just doing what she loved when Queen Bee Creations started in her bedroom in 1996 -- creating art, singing, sewing and making people smile through her unique sense of style, color and detail. Queen Bee Creations offers unique handbags and accessories, with the Chickpea Baby line for the hip mom and dad looking for a functional and fun diaper bag. Once familiar with Queen Bee’s line of bags, her simple, colorful and quality designs can be spotted from local yoga classes to international airports.