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The Texas Mezzanine Fund, Inc. (“TMF”) is a for-profit community development corporation certified by the U.S. Department of the Treasury as a Community Development Financial Institution (“CDFI”) and Community Development Entity (“CDE”).
TMF was capitalized by a consortium of financial institutions and began lending in May 1999. Currently, there are 17 shareholders, including: |
| ACCION Texas |
Southern Dallas Development Corporation |
| Bank of Texas |
Southwest Securities, FSB |
| BBVA Compass |
The First National Bank of Granbury |
| Comerica Bank |
United States Trust Company, N.A. |
| First Bank |
W. Ralph Canada, Jr. |
| Inwood National Bank |
Wachovia Bank |
| Northern Trust |
Washington Mutual |
| Regions Financial Corporation |
Wells Fargo Bank |
| SharePlus Federal Bank |
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The purposes for which the Corporation was organized are as follows:
- Promote, stimulate, develop, and advance the business, prosperity, employment, and economic welfare in distressed and under-served communities throughout the State of Texas by providing financing for businesses in such areas.
- Encourage and assist through loans, investments, and other business transactions, an increase in the number of minority-owned businesses, as well as the rehabilitation and expansion of existing businesses, in distressed and under-served communities throughout the State of Texas.
- Improve, through the cooperative efforts of its lending partners and the financial institutions that become shareholders of the corporation, employment and business opportunities for residents of distressed and under-served communities throughout the State of Texas.
- Provide financing for the promotion, development, and conduct of economic development activity in distressed and under-served communities throughout the State of Texas.
- Promote employment opportunities for individuals located in distressed and under-served communities throughout the State of Texas by providing financing for businesses in such areas.
