Community Partnership and Growth

21st Century Bank stands out as a true community bank, deeply rooted in the well-being and prosperity of its local communities.

Community Development Lending

We consistently demonstrate our commitment to community development, maintaining our position as the #1 Minnesota Small Business Administration (SBA) 504 Third Party Lender (TPL) and remaining a top SBA 7(a) lender. Our multi-family housing loans, originating within our five-county assessment area, are vital for enhancing property values and providing much-needed low-to-moderate rental housing.

These loans enable borrowers to purchase, renovate, and refinance 1-4 family residential and multi-family housing, directly addressing community needs. We actively collaborate with numerous nonprofit organizations serving low-to-moderate income individuals and families, offering a spectrum of support, including event promotion, financial contributions, and dedicated volunteer efforts. Our Lenders and Community Development Team are committed to assessing and addressing the credit and deposit needs of these organizations.

Innovative & Community Supportive Lending Practices

We highly value our small business partnerships, including women and minority owners, recognizing their profound impact on fostering economic inclusion and narrowing the wealth gap within our communities. We provide comprehensive credit support, whether they’re in their foundational or expansion stages. These businesses are instrumental in local investment, supporting local suppliers, and generating opportunities for other women and minorities. Our sustained achievement as the #1 Minnesota SBA 504 TPL and a top SBA Preferred Lender in 2024 reflects our ongoing commitment to these critical segments of our economy.

Community Development Services & Donations

Our dedication to community extends beyond financial products. We empower team members with paid Community Service Days annually, encouraging direct involvement in community affairs.

• In 2024, our total community reinvestment donations amounted to $51,324.
• Our team of 65 members contributed 1,181 total community service hours, which demonstrates our values and mission of meeting our communities’ needs.

The leadership team and senior management involvement in local non-profits sets a powerful example of what it means to be truly invested in the success and well-being of a community.

Federal Home Loan Bank Partnership

We partnered with the Federal Home Loan Bank (FHLB) Member Impact Fund Program to provide $141,200 to ten local non-profits whose mission supports affordable housing or community development. Through this program, the positive impact on local community members needing resources is immeasurable.