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B Corps Spotlight: Virginia Community Capital

As we continue our blog series on local B Corps we wanted to highlight Virginia Community Capital (VCC) - a nonprofit, Community Development Financial Institution (CDFI) and banking entity that is celebrating 10 years of impact in Virginia this year. Their three core lines of business are Lending, Savings and Advisory Services; being a community bank, however, they go above and beyond these services to provide expertise to a wide range of constituents including localities, developers, community development agencies, nonprofits, and business owners. In April 2016, VCC converted its for-profit bank - Community Capital Bank of Virginia - to a certified benefit corporation, making it the first B Corp regulated bank in the US. We spoke with Leah Fremouw, VCC Community Programs Manager, to learn more about VCC’s mission, impact and their decision to become a B Corps.

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