Albina Community Bancorp (the Company) is an Orego

Albina Community Bancorp (the Company) is an Oregon business corporation organized in 1993 by a group of concerned community and corporate citizens to promote community development services in North and Northeast Portland, Oregon, to benefit the low- and moderate-income residents and to support and finance private-sector redevelopment projects in the area. The Company was formed to organize, through the investment of the grant from a community trust (Northeast Portland Community Development Trust, the Trust), a Federal Deposit Insurance Corporation insured state chartered community development bank (the Bank) and, at a later time, a real estate development company (the Development Company). The Company will conduct business through these two wholly owned subsidiaries. The Company's activities are focused on promoting investment and development in the Albina district through its wholly owned subsidiary community development bank, Albina Community Bank (the Bank). The Company currently has no operations separate from the Bank. Albina Community Bank The Bank is a commercial bank organized under Oregon law, the deposits of which are insured by the FDIC. The Bank's lending programs are focused on residential loans for acquisition, rehabilitation, and home improvement, including federally guaranteed loans. In addition, the Bank offers commercial loans to small businesses, including inventory and working capital financing, and loans guaranteed by the federal Small Business Administration. The Bank's primary deposit base includes large time deposits by governmental entities, corporations, socially responsible local citizens, and program-related investors. Prior to 1996, the Company was in the development stage and activities were focused primarily on organizing its subsidiaries, developing business strategies and market analyses, preparing applications for and obtaining regulatory approval, raising capital, recruiting personnel, and opening its first branch office. The Bank plans to specialize in home mortgages and small business loans primarily to moderate and lower income residents in North and Northeast Portland.