California Infrastructure and Economic Development Bank
| File:IBank-logo.png | |
| Company type | Public bank |
|---|---|
| Industry | Banking financial services |
| Founded | 1994 in Sacramento, California |
| Headquarters | , United States |
Area served | California |
Key people | Scott Wu (executive director) |
| (2021) | |
| Increase Template:USD | |
| Owner | Government of California |
The California Infrastructure and Economic Development Bank (commonly known as IBank) operates as a government-owned financial institution headquartered in Sacramento, California. Created by the Bergeson-Peace Infrastructure and Economic Development Bank Act of 1994, its operations are overseen by a board consisting of five directors. IBank facilitates infrastructure projects by issuing bonds and extending loans to public entities for initiatives including roadway and port infrastructure enhancements. To promote environmental sustainability, the bank established the California Lending for Energy and Environmental Needs Center (CLEEN), which is dedicated to lowering greenhouse gas emissions across the state.
See also
- Bank of North Dakota, another state-operated financial entity