A Community Development Bank is a financial institution that focuses on providing banking services to underserved communities. These banks aim to promote economic growth and improve the quality of life by offering loans, savings accounts, and financial education. They often support local businesses and projects that may not qualify for traditional bank financing. These banks typically prioritize community needs over profit, making them essential for fostering economic development. By investing in areas like affordable housing, small business growth, and job creation, Community Development Banks play a crucial role in enhancing the overall well-being of their communities and supporting initiatives related to economic empowerment and social equity.