Central Bank of Kansas City has been a locally owned and operated bank since the 1960s. Our bank is nationally recognized for its efforts to increase economic opportunity and make investments in distressed communities and has been certified as a Community Development Financial Institution (CDFI) Fund since 1998.
We love to support the growth of our community in every way. As a CDFI, many of our commercial loans are those uplifting distressed areas of Kansas City through programs like New Markets Tax Credits, Low Income Housing Tax Credits, or Historic Tax Credits.
Our bank has been awarded seven allocations of New Markets Tax Credits (NMTC) from the Community Development Finance Institution (CDFI) Fund since 2007 totaling over $350 million dollars. NMTCs stimulate economic growth and create jobs by attracting private-sector capital investments into highly distressed areas. There are two important principles behind NMTCs. First, there are good business opportunities in distressed communities and these communities constitute a new market opportunity for the private sector. Secondly, a modest federal subsidy can provide the "nudge" needed to persuade the private sector to invest in these markets.
We at Central Bank of Kansas City are proud to be the only CDFI bank headquartered in Missouri, and one of the very few nationally. For us, it’s more than just giving back—it’s about believing in Kansas City