The OCC’s Community Developments Insights newsletter published today focuses on how banks can support the market for small multifamily rental housing. The newsletter explores how affordable housing qualifies for Community Reinvestment Act consideration, how banks can work together to finance affordable multifamily housing through consortiums, how secondary market options work, how to overcome underwriting challenges and other topics.
Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...