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Colbert appointed to national board

WASHINGTON ñ President Bush appointed J.D. Colbert, Creek-Chickasaw, to the Community Development Advisory Board of the Community Development Financial Institutions Fund.

Colbert, president and CEO of Native American Bank, was appointed to the advisory board in June as the Native tribal development representative. His term will end in November 2007.

ìI am very pleased and honored to be appointed as the Native American representative to the CDFI board. I look forward to providing valuable input to the CDFI Fund regarding community development matters with special attention on those issues affecting Indian country,î Colbert said.

The CDFI awards tax credits and funding to help access capital for local urban and rural economic growth to promote the creation of jobs and business development. The fund also assists with affordable housing and community development of financial services.

CDFI has become increasingly important to Indian country for economic development. Elsie Meeks, executive director of the First Nations Oweesta Corporation, said the CDFI fund has played a key role in assisting American Indian CDFI startups.

The CDFI works in Indian country to overcome barriers that prevent access to credit, capital and financial services. Direct monetary funds and training are parts of the program for Indian country.

The CDFI fund is a division of the U.S. Treasury established in 1994. The Native American Bank is a $72 million bank located in Denver, with a retail branch in Browning, Mont. The bank is owned by 26 federally recognized tribes, Alaska Native Corporations and tribal organizations.

WASHINGTON ñ President Bush appointed J.D. Colbert, Creek-Chickasaw, to the Community Development Advisory Board of the Community Development Financial Institutions Fund.Colbert, president and CEO of Native American Bank, was appointed to the advisory board in June as the Native tribal development representative. His term will end in November 2007.ìI am very pleased and honored to be appointed as the Native American representative to the CDFI board. I look forward to providing valuable input to the CDFI Fund regarding community development matters with special attention on those issues affecting Indian country,î Colbert said.The CDFI awards tax credits and funding to help access capital for local urban and rural economic growth to promote the creation of jobs and business development. The fund also assists with affordable housing and community development of financial services. CDFI has become increasingly important to Indian country for economic development. Elsie Meeks, executive director of the First Nations Oweesta Corporation, said the CDFI fund has played a key role in assisting American Indian CDFI startups.The CDFI works in Indian country to overcome barriers that prevent access to credit, capital and financial services. Direct monetary funds and training are parts of the program for Indian country.The CDFI fund is a division of the U.S. Treasury established in 1994. The Native American Bank is a $72 million bank located in Denver, with a retail branch in Browning, Mont. The bank is owned by 26 federally recognized tribes, Alaska Native Corporations and tribal organizations.