CNote is proud to share a new case study with UniBank: Expanding Access to Capital | UniBank and CNote’s Partnership for Inclusive Growth
Before partnering with CNote, UniBank was striving to meet the growing demand for banking services and access to capital among Asian American business owners, many of whom are immigrants.
The management team often wondered whether it would be possible to receive deposits from ESG-minded companies, organizations and individuals outside of its target market. However, without the relationships and proper infrastructure, it did not seem plausible.
CNote’s Impact Cash® emerged as the ideal solution to address UniBank’s challenge of connecting with new sources of deposits. By facilitating partnerships with corporations and impact investors, CNote’s innovative program emphasized long-term community impact and sustainable growth.
“The deposits we’ve received from CNote’s program have increased our capacity to serve the our customers, enabling us to provide more loans and support to small businesses and individuals. We hope that this program will have a greater role in driving sustainable growth and fostering economic development, empowering our customers to succeed in their ventures and build generational wealth.” ~ Simon Bai, EVP and Chief Financial Officer at UniBank