Bank of Jabez will be a Waterloo, IA based FDIC-insured bank and Community Development Financial Institution (CDFI) that will promote economic growth in the underserved communities
In 2018, 24/7 Wall Street ranked Waterloo/Cedar Falls, IA as the top worst place for Black Americans to live, stating "No U.S. metro area has larger social and economic disparities along racial lines than Waterloo-Cedar Falls, Iowa.
In 2019, due to lending discrimination, one of our founders fought back against the inaction of the federal government to enforce anti-lending discrimination laws and against the bank that did the discriminating.
By the beginning of 2020, what became apparent was that it's much easier to create the culture we need more than to try and change cultures that have been ingrained in institutions for decades.
To be a partner within the communities we serve by providing innovative financial products and services that will educate, prepare, and empower all people to create generational wealth.
We're committed to strengthening the communities we serve by ensuring individuals and businesses have access to affordable financial products and services that meet their needs.