Mission-Driven Bank

FDIC: New Online Tool Unveiled at the Minority Depository Institutions Subcommittee Meeting to Promote Creation of New Minority Banks

The Federal Deposit Insurance Corporation (FDIC) will introduce a new online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking services. The FDIC’s new Minority Banking Opportunity Explorer will be presented at a meeting of the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community…

FDIC: National Bankers Association and FDIC to Co-host Podcast Series On Financial Inclusion and Minority Banks

The Federal Deposit Insurance Corporation (FDIC) and the National Bankers Association (NBA) today announced a new joint series of podcasts that will showcase public- and private-sector efforts to preserve and promote Minority Depository Institutions (MDIs) and advance diversity and inclusion across financial services.  “Banking on Inclusion,” a special series of the FDIC Podcast, will discuss the…

FDIC: New Office of Minority and Community Development Banking Created to Support Mission-Driven Banks

Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced the creation of a new office to support the agency’s ongoing strategic and direct engagement with Minority Depository Institutions (MDIs), Community Development Financial Institution banks (CDFIs), and other mission-driven banks. The new office will further promote private sector investments in low- and moderate-income (LMI) communities. …

FDIC: Financial Advisors Sought to Establish New “Mission-Driven Bank Fund” to Support FDIC-Insured Minority Banks and CDFIs

The Federal Deposit Insurance Corporation (FDIC) today announced a competition to choose one or more experienced financial advisors to support the development of a new Mission-Driven Bank Fund. The Fund will provide a vehicle for private sector and philanthropic investment in FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). The selected financial advisor(s)…