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Grow Smart Maine Summit 2012

    Private Sector Capital
       for Public Good




          Confidential. For internal use only.
2
Confidential. For internal use only.
3
Confidential. For internal use only.
4
Confidential. For internal use only.
5
Confidential. For internal use only.
6
Confidential. For internal use only.
7
Confidential. For internal use only.
8
Confidential. For internal use only.
9
Confidential. For internal use only.
10
Confidential. For internal use only.
The Community Reinvestment Act
    enacted by Congress in 1977 is
    intended to encourage financial
institutions to meet the credit needs of
       communities, including LMI
neighborhoods consistent with safe and
        sound banking practices.




                                                          11
                   Confidential. For internal use only.
Compliance Obligation
          or
Business Opportunity?



                                                 12
          Confidential. For internal use only.
Business Objectives
 Grow CRA lending, investment, and service
 Serve LMI populations and communities
 Leverage public sector programs
 Develop affordable housing
 Support local economic development
 Invest in community facilities
 Practice “ABCD”




                                                                13
                         Confidential. For internal use only.
Target Market
 Non-profits
 Community development corporations
 Public housing authorities
 Social service agencies
 Local government
 State agencies




                                                                   14
                            Confidential. For internal use only.
Doing Good
is Good Business!



                                               15
        Confidential. For internal use only.
Public


Non-
Profit         Private



                                                16
         Confidential. For internal use only.
The Results
           2009-2012 Lending


 $225 Million - First time homeowner mortgage loans
 $900 Million - Total residential mortgage loans
 $450 Million - Small business loans




                                                                  17
                           Confidential. For internal use only.
2009-2012 Lending

$150 Million - Community Development loans :
 $20 Million - LIHTC projects
 $22 Million - NMTC projects
 $5 Million – Native American Reservation projects
 330 Units of affordable housing




                                                                  18
                           Confidential. For internal use only.
2009-2012 Investments

 $18.8 million new CRA investments
 $31.7 million total CRA investment balances
    CRA Mortgage Backed Securities

    LIHTC Funds

    NMTC Equity Investments

    Qualified School Construction Bonds

    CRA Bond Funds

    Socially Responsible Venture Capital Funds




                                                                19
                         Confidential. For internal use only.
PUBLIC DISCLOSURE
         April 30, 2012

COMMUNITY REINVESTMENT ACT
  PERFORMANCE EVALUATION
     INSTITUTION RATING

  INSTITUITION’S CRA RATING:
 This institution is rated Outstanding.



                                                            20
                     Confidential. For internal use only.
Success Stories:
 Maine businesses are succeeding and Maine
Communities are achieving sustainable prosperity
   with investments of private sector capital
   encouraged by public sector development
                  programs.

     Historic Preservation Tax Credits
         New Markets Tax Credits
                Case Studies


                                                              21
                       Confidential. For internal use only.

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John Moore - Private Sector Capital for Public Good

  • 1. Grow Smart Maine Summit 2012 Private Sector Capital for Public Good Confidential. For internal use only.
  • 11. The Community Reinvestment Act enacted by Congress in 1977 is intended to encourage financial institutions to meet the credit needs of communities, including LMI neighborhoods consistent with safe and sound banking practices. 11 Confidential. For internal use only.
  • 12. Compliance Obligation or Business Opportunity? 12 Confidential. For internal use only.
  • 13. Business Objectives  Grow CRA lending, investment, and service  Serve LMI populations and communities  Leverage public sector programs  Develop affordable housing  Support local economic development  Invest in community facilities  Practice “ABCD” 13 Confidential. For internal use only.
  • 14. Target Market  Non-profits  Community development corporations  Public housing authorities  Social service agencies  Local government  State agencies 14 Confidential. For internal use only.
  • 15. Doing Good is Good Business! 15 Confidential. For internal use only.
  • 16. Public Non- Profit Private 16 Confidential. For internal use only.
  • 17. The Results 2009-2012 Lending  $225 Million - First time homeowner mortgage loans  $900 Million - Total residential mortgage loans  $450 Million - Small business loans 17 Confidential. For internal use only.
  • 18. 2009-2012 Lending $150 Million - Community Development loans :  $20 Million - LIHTC projects  $22 Million - NMTC projects  $5 Million – Native American Reservation projects  330 Units of affordable housing 18 Confidential. For internal use only.
  • 19. 2009-2012 Investments  $18.8 million new CRA investments  $31.7 million total CRA investment balances  CRA Mortgage Backed Securities  LIHTC Funds  NMTC Equity Investments  Qualified School Construction Bonds  CRA Bond Funds  Socially Responsible Venture Capital Funds 19 Confidential. For internal use only.
  • 20. PUBLIC DISCLOSURE April 30, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION INSTITUTION RATING INSTITUITION’S CRA RATING: This institution is rated Outstanding. 20 Confidential. For internal use only.
  • 21. Success Stories: Maine businesses are succeeding and Maine Communities are achieving sustainable prosperity with investments of private sector capital encouraged by public sector development programs. Historic Preservation Tax Credits New Markets Tax Credits Case Studies 21 Confidential. For internal use only.