FINANCIAL SERVICES SUPERINTENDENT MARIA T. VULLO ANNOUNCES THE APPROVAL OF NEW BANKING DEVELOPMENT DISTRICTS WITHIN THE BROOKLYN and BRONX TO GROW ACCESS TO FINANCIAL SERVICES TO UNDERSERVED NY COMMUNITIES

FINANCIAL SERVICES SUPERINTENDENT MARIA T. VULLO ANNOUNCES THE APPROVAL OF NEW BANKING DEVELOPMENT DISTRICTS WITHIN THE BROOKLYN and BRONX TO GROW ACCESS TO FINANCIAL SERVICES TO UNDERSERVED NY COMMUNITIES

brand New Banking Development Districts Will Be created in Community District 4 within the Bronx, and components of Clinton Hill and Prospect Heights in Brooklyn

Underneath the BDD system, Spring Bank and Ridgewood Savings Bank Will obtain Financial Incentives to ascertain, Expand and protect use of Banking services and products to gain tens of thousands of customers and companies within the Bronx and Brooklyn