Early Bird Rate Extended for NCIF Development Banking Confer

Dear Development Finance Colleagues:
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In celebration of the just announced New Markets Tax Credit (NMTC) allocations and the recently completed CDFI Fund Financial Assistance Window, National Community Investment Fund is extending the Early Bird rate on its Network Conference in Los Angeles on May 18-19 to next Thursday—May 13, 2004.* A press release and full agenda are below.
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We truly hope to see you or a delegate from your institution at the NCIF Conference.* The agenda features your colleagues who lead strong development banks and larger credit unions nationwide, along with investors, regulators and community partners, and focuses on key practical issues such as capital raising, branching and partnership techniques and product innovation to provide asset building financial services to low income and unbanked customers.* Along with the broad agenda below, we will review NMTC results and strategies for development banking institutions, hold a first-ever, in-depth afternoon workshop on how credit unions can use NMTC and provide an overview of how banks and credit unions can work with NCIF’s NMTC investment program.**
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Online registration is easy.* Please sign up today at www.ncif.org.* The historic Biltmore Hotel in downtown Los Angeles will continue to offer its great rate of $106, subject to availability.* Several airlines offer very affordable fares to Los Angeles airports without advance purchase (Southwest, ATA, Spirit Air, and JetBlue, with others available from time to time at such sites as Travelocity.com).
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As always, please feel free to contact us with any questions.* With NMTC allocations in hand, growing NMTC and other capitalization experience by a range of development banking institutions, and a deepening set of development banking “best practices” for our communities, we are looking forward to launching a new era of development banking and asset building power at the NCIF Conference in LA.* See you there!
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Lisa Richter and the NCIF Team
lrichter@ncif.org
312-543-8385
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* [img]cid:image001.gif@01c43412.61469d90[/img] NATIONAL COMMUNITY INVESTMENT FUND a certified CDFIand CDE reinvesting in community- and minority-owned financial institutions with a community development focus
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*
info@ncif.org (info@ncif.org) | 312-881-5851 phone | 312-881-5801 fax
2230 S. Michigan Avenue | Chicago, IL* 60616
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FOR IMMEDIATE RELEASE
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May 6, 2004
Contact: Lisa Richter, National Community Investment Fund
lrichter@ncif.org (lrichter@ncif.org)
Telephone: 312-543-8385
*
National Community Investment Fund receives a $38 million New Markets Tax Credit allocation from the U.S. Department of Treasury.
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Today, National Community Investment Fund (NCIF) was awarded a $38 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury to support expansion of the nation’s community development banking sector.*
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NMTC is a multi-year, $15 billion incentive program to stimulate commercial and small business development in low income communities.* NCIF is an independent trust that invests in community development banking institutions--banks, thrifts and credit unions--operating in distressed urban, rural and reservation communities with a mission of community development.* NCIF will use its tax credit allocation to attract $38 million in new capital from institutional investors that it will place in equity and debt investments in development banks and credit unions over the next 12 to 18 months.* To date, NCIF has invested approximately $19 million in 28 financial institutions, of which 70% are in urban markets, 30% are in rural markets and 67% are minority-owned.*
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Community development banking institutions are regulated and federally insured depositories that play a unique role in the communities they serve, offering a full range of affordable credit products for home ownership, home improvement, rental housing, education, community organizations, small business and economic development.* They also offer quality financial services that help customers avoid costly transactions and build wealth by following a “credit path” from transactor to saver to borrower to owner.* In an era of increased predatory service providers—and increased gaps between the nation’s rich and poor—the community development banking business model provides a foundation to support financial security and wealth building in lower income, minority and immigrant communities.
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NCIF will describe its NMTC investment program in its Annual Network Conference to be held at the Biltmore Hotel in Los Angeles, May 18 – 19.* Interested financial institutions, institutional investors and community development practitioners are invited to attend.* Details are below and at NCIF’s website, www.ncif.org.*
[img]cid:image001.gif@01c43412.61469d90[/img] NATIONAL COMMUNITY INVESTMENT FUND a certified CDFIand CDE reinvesting in community- and minority-owned financial institutions with a community development focus
*
*
info@ncif.org (info@ncif.org) | 312-881-5851 phone | 312-881-5801 fax
2230 S. Michigan Avenue | Chicago, IL* 60616
*
NCIF 2004 Annual Network Conference Agenda
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Millennium Biltmore Hotel - 506 S. Grand Avenue, Los Angeles, CA* 90071
May 18 – 19, 2004
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NCIF’s Annual Network Conference brings together senior executives of the nation’s leading community development banking institutions (CDBIs), CDBI investors, funders, regulators, and other community partners.*
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Three Conference tracks of Capitalization, Operations and Retail Financial Services update participants on CDFI Fund, New Markets Tax Credit, private sector capital resources, and approaches to maximizing impact and financial performance.**
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Register online today for the Early Bird Registration Rate of $425 available through May 10, 2004.** Call or click to the Millennium Biltmore Hotel Los Angeles for the $106 rate guaranteed for the NCIF Conference subject to availability.* To secure this rate, call 1-800-245-8673 or register at www.millenniumhotels.com.
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NCIF is an independent trust and certified Community Development Financial Institution that raises capital from institutional investors and invests in insured depositories operating in distressed urban, rural and reservation communities with a primary mission of community development.* NCIF has invested approximately $19 million in 28 institutions, of which 70% are in urban markets, 30% are in rural markets and 67% are minority-owned.* For more information on NCIF, visit us at www.ncif.org.
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The NCIF Conference Agenda appears below.* In addition to the scheduled events, we offer exhibit space to all participants free of charge and are encouraging media to attend.* Please bring your marketing materials and let others learn about your organization.* On Tuesday afternoon, May 18, we will hold a Trade Fair of service providers focused in underserved markets, including retail financial services, financial literacy and advocacy, market research, immigration, and depository profitability analysts to help you better assess opportunity and measure results of your development banking activity.*
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If you have questions or need additional information, please feel free to contact us at 312-881-5851.* We look forward to seeing you in Los Angeles!

* [img]cid:image001.gif@01c43412.61469d90[/img] NATIONAL COMMUNITY INVESTMENT FUND a certified CDFIand CDE reinvesting in community- and minority-owned financial institutions with a community development focus
*
*
info@ncif.org (info@ncif.org) | 312-881-5851 phone | 312-881-5801 fax
2230 S. Michigan Avenue | Chicago, IL* 60616
NCIF 2004 Annual Network Conference Agenda
Millennium Biltmore Hotel - 506 S. Grand Avenue, Los Angeles, CA* 90071
May 18 – 19, 2004
Day 1: Tuesday, May 18, 2004
Time/Track
Title
7:30-8:45
Registration - Continental Breakfast* - Affordable Housing Dialogue.* Many of the investors and funders of development banking institutions are keenly focused on affordable housing.* This structured dialogue aims to identify all the ways that development banking institutions support achievement of affordable housing goals.
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8:45-9:15
General
Welcome and Community Development Banking Institution Sector (CDBI) Overview
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Capitalization
Capitalization Methods. *A comparative overview of capitalization strategies used by CDBIs in recent years, including CDFI Fund and New Market Tax Credit resources, Trust Preferred Securities, other debt, IPOs, deposits, FHLB borrowings, secondary markets and credit union secondary capital.** David McGrady, NCIF Chairman, Robert McGill, Neighborhood National Bank, Mary Tingerthal, Community Reinvestment Fund and NCIF Trustee, Paul O’Connor, Ryan Beck.
*
10:45-11:00
Break
11:00-12:00
Capitalization
Impact Reporting and Branding Development Banking.* The ability of CDBIs to raise capital and other funding depends increasingly upon their ability to report development impact.* This panel will review how institutions can most efficiently meet this challenge, and how they can most effectively leverage their data to create a distinctive CDBI brand.* Christopher Tan, NCIF, Caryl Stewart, Vermont Development Credit Union, invited: Joe Lumarda, California Community Foundation.
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12:00-1:45
Capitalization
Lunch: Creating an Asset Class of Development Oriented Investments.* Institutional investors allocate percentages of assets under management to asset classes that can be easily priced and traded.* This session examines how CDBIs can establish necessary yield, liquidity and impact expectations on their investments for pricing and trading as an asset class.* Phyllis Caldwell, Bank of America and NCIF Trustee, Dan LeTendre, JPMorganChase, invited: Keith Trotman, Zenith Insurance.
*
1:45-2:00
Break
2:00-5:00
Credit Union
Credit Union Small Business Lending and the New Markets Tax Credit.* This is a Nuts & Bolts session for credit unions interested in developing small business lending services and using the New Markets Tax Credit.* Greg Morishige, NCIF, Bob Schall, Self-Help Credit Union and Self-Help Ventures Fund, Grace Mayo, Telesis, Richard Campbell, Enterprise Corporation of the Delta.*
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2:00-3:30
Capitalization
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Juggling Capitalization Strategy with Development Mission in Publicly Traded Community Banks.********************************** *********************
CEOs of three CDBIs that have used public stock offerings to increase capital will discuss the balancing act of a broad shareholder base and focused development mission.* Nick Smith, Northeast Ventures, Community Development Venture Capital Alliance and NCIF Trustee, Deborah Wright, Carver Bancorp., Paul Hudson, Broadway Federal Savings Bank, Bill Demmin, Mission Community Bank.
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3:30-3:45
Break
3:45-5:00
Capitalization
Valuation and Liquidity for Community Development Banking Institutions.* Institutional investors have historically limited CDBI sector investing due to uncertainty of financial return and principal repayment.* Using a CDBI case study, private equity fund and asset managers will present an approach to valuing CDBIs and managing valuation for shareholder liquidity.* Saurabh Narain, Fred Terrell, Provender Capital Group, LLC,* Robert McKean, Albina Community Bank.
*
2:00-5:00
Trade Fair – Products and Services to help depositories assess market opportunity and measure results.
5:30-7:30
Reception Sponsored by Washington Mutual
Day 2: Wednesday, May 19, 2004
Time/Track
Title
7:00 – 9:00
Continental Breakfast
8:00 – 9:00
General
NCIF New Markets Tax Credit and Bank Fund Discussion.NCIF invites conference participants to an informal breakfast discussion of new capital initiatives and resources.
*
9:00 - 10:30
Retail Financial Services (RFS)
Plenary
New Paths to Retail Profitability. *The demographics of retail customers for community banks are changing, and potential new customers often have needs that are different than those of current customers.* Technology improvements can open the door to new kinds of profitable relationships.* Whether with stored value cards, innovative emergency loan alternatives, using the Earned Income Tax Credit to encourage savings and banking relationships, or partnerships with non-bank institutions including check cashers, opportunities exist to profitably serve the immediate and longer-term wealth-building of an entirely new group of customers.* Ellen Seidman, ShoreBank Advisory Services, Darice Wright, MetroEdge.
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10:30-10:45
Break
10:45-12:00
RFS
Financial Services and Education in the Workplace.* The workplace can efficiently bring together three parties — worker, employer, and financial institution — that share interests in improving the financial status of the worker.* For financial services firms, the workplace represents an already heavily automated access point for reaching large pools of underserved consumers.* For workers, an employer partnership with a depository provides an opportunity to receive earnings quickly and safely, while accessing structured, automated savings mechanisms that make asset building more likely.* For employers, such a partnership provides an opportunity not only to reduce payroll costs, but also to enhance worker productivity and retention.* This panel will explore the possibilities from the perspectives of various stakeholders.* Jennifer Tescher, Center for Financial Services Innovation, Ed Jacobs, North Side Community Federal Credit Union, Julie Gray, Action for Children,* Darlene Lewis, University of Chicago Hospitals.
*
10:45-12:00
Operations
Risk Management.* This session will provide a framework for looking at risk management across risk classes—market, credit and operational—and will look more closely at interest rate and credit risk for CDBIs.* In an environment where interest rates are at 40 year lows, CDBIs may be exposed to interest rate and credit risk with a substantial increase in rates.** The session will provide a view of the markets and some approaches that risk managers are using to be prepared for an eventual increase in interest rates.** Saurabh Narain, NCIF, Phil Baldwin, Southern Development Bancorporation.* Invited: Interest Rate Risk and Credit Risk specialists from Washington Mutual and Citicorp.
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12:00-1:45
General
Lunch.** Partnership Opportunities between Special Purpose Banks and Development Banks.* Robert Mooney, Federal Deposit Insurance Corporation, TerryLudwig, Merrill Lynch CDC.
1:45-2:00
Break
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2:00-3:30
RFS
Stored Value Cards.* Stored value cards represent a product depositories can offer to customers with no credit and banking history or a potentially blemished history.* Available card structures represent a spectrum of customer features and provider costs.* This session will examine the features of cards that can reinforce a customer’s movement on a wealth building path, while being cost-effective for depositories to offer.* Esther Park, NCIF, David Reiling, University Bank, Tom Lilley, Central Bank of Kansas City, George Danforth, PULSE.
*
2:00-3:30
Operations
Branching Strategy and Distribution System.* Three senior executives discuss their institutions’ balancing of the needs to establish local presence, meet customer demand and meet institutional earnings targets.* Myron Perryman, Washington Mutual, invited: Deborah Cole, Citizens Bank, Bill Lasher, Community Commerce Bank.
*
3:30-3:45
Break
3:45-5:00
RFS
Partnerships to Expand Service in Untapped Markets.* A discussion of partnerships and shared branch locations that are working: the hurdles, the rewards.* Christopher Tan, NCIF, Carlos Rodriguez, Water & Power Community Credit Union, invited: Kevin Roland, SSA Baltimore Federal Credit Union, Edna Sawady, Key Bank, James LaFargue, Union Bank.
*
3:45-5:00
Operations
Moving Forward in De Novos, Turnarounds and Mergers.* This session examines how CDBIs can navigate the challenging situations of start-up, turnaround and merger, given underlying challenges in low to moderate income markets.* Roger Williams, Fannie Mae, Margaret Henningsen, Legacy Bancorp., Moira Montgomery, Citizens Trust Bank, invited: John Beirise, Native American Bancorporation.
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5:00
Adjourn

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