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Michigan bank acquires 8 San Bernardino County banks, invests $600 million over 5 years into community development

By in Press Enterprise on February 7, 2018

By Brian Whitehead

LaTrae Lewis’ two-bedroom house in San Bernardino is shaded by a couple of the large trees lining narrow Sepulveda Avenue.

Away from the bustle of main streets and freeways, the mother of two can let her children play in the front yard without worry. Her dog has more grass in the back than it knows what to do with.

Just over a year ago, Lewis, a San Bernardino County employee, feared buying such a home was unattainable.

Thanks to many, it wasn’t.

  • San Bernardino Mayor R. Carey Davis speaks as Flagstar Bank and local officials gathered at a San Bernardino residence to announce its commitments to community investments after acquiring Desert Community Bank, Tuesday, Feb. 6, 2018. Flagstar Bank works with underserved Inland Empire communities and their work with the California Reinvestment Coalition (CRC), Greenlining Institute (GLI), and local members to make sure that their Community Agreements for bank investments, lending, and services in communities of color and low-income communities. (Eric Reed/For The Sun/SCNG)

  • Alessandro Di Nello, President and CEO of Flagstaff Bank speaks as Flagstar Bank and local officials gathered at a San Bernardino residence to announce its commitments to community investments after acquiring Desert Community Bank, Tuesday, Feb. 6, 2018. Flagstar Bank works with underserved Inland Empire communities and their work with the California Reinvestment Coalition (CRC), Greenlining Institute (GLI), and local members to make sure that their Community Agreements for bank investments, lending, and services in communities of color and low-income communities. (Eric Reed/For The Sun/SCNG)

    Alessandro Di Nello, President and CEO of Flagstaff Bank speaks as Flagstar Bank and local officials gathered at a San Bernardino residence to announce its commitments to community investments after acquiring Desert Community Bank, Tuesday, Feb. 6, 2018. Flagstar Bank works with underserved Inland Empire communities […]    

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