Press Releases

Opportunity Finance Network Adds Three Senior Executives
Paige Chapel Selected as Executive Vice President of OFN’s CARS™ Program, Howard Banker Hired as Executive Vice President of Financial Services and Cheryl Neas Takes Over as Vice President of Policy.

2008 Round of Multi-Million Dollar Awards Program Opens for Responsible Lenders
Opportunity Finance Network (OFN) today announced the second annual round of the Wachovia NEXT Awards for Opportunity Finance – an awards program totaling $8.35 million for responsible lenders across the United States known as community development financial institutions (CDFIs). The awards are presented by Opportunity Finance Network and funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.

Two Native Community Development Financial Institutions Receive National Awards for Excellence
Two Native opportunity finance institutions – Four Bands Community Fund (Four Bands) and Wind River Development Fund (WRDF) – were honored today with awards for their outstanding work as Native community development financial institutions (Native CDFIs), Native economic development practitioners, and tribal representatives from across the U.S. gathered in Miami, FL. to share ideas and learn about ways to promote Native development and integrated asset building strategies.

Unprecedented $8.25 Million "Wachovia NEXT Awards for Opportunity Finance" Boost Two Community Development Financial Institutions (CDFIs)
Two U.S. financial institutions–Latino Community Credit Union, Durham, N.C., and ACCION Texas, San Antonio, Texas–are sharing $8.25 million in investments as winners of an unprecedented new prize presented by the Opportunity Finance Network (OFN) and funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.

Four Community Development Financial Institutions (CDFIs) Each Receive $25,000 "Wachovia NEXT Awards for Opportunity Finance"
Four outstanding U.S. financial institutions will receive $25,000 each in unrestricted grant prizes from the Opportunity Finance Network (OFN) funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.