This Alert describes the expansion of the community development banking industry over the past ten years. While only a handful of community development banks existed 20 years ago, there are nearly 40in existence today. Community development banks are comprehensive financial institutions serving economically distressed communities. While regulated in the same way as traditional financial institutions, a community development bank goes beyond the traditional bank's mission of providing credit and financial services – its primary mission is to positively impact community economic development and spur renewal in targeted communities. This Alert shows how community development banks have grown in size and financial strength while at the same time serving their community development mission.