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Home Community Banking

CDFI, MDI leaders join Mission Driven Bank Fund advisory committee

November 14, 2024
Reading Time: 1 min read
Treasury Department awards grants to boost local economies after COVID

The Mission Driven Bank Fund today announced the appointment of its inaugural Mission Advisory Committee, comprising seven industry leaders with expertise and experience in minority depository institutions and community development financial institutions.

The Cleveland-based fund’s mission is to foster a more inclusive banking system by investing capital and providing technical services to CDFIs and MDIs that target African American, Native American, Asian, Hispanic and Pacific Islander communities. The independent committee will evaluate how well fund investments achieve its objectives.

The committee members are:

  • Michael Collins, Federal Reserve Bank of Philadelphia executive and retired bank executive, TD Bank
  • Nicole Elam, CEO, National Bankers Association
  • Kim Fraser, founder and CEO, Bankable FINTECH
  • Susan Greene, SVP, Bank of America
  • Jeannine Jacokes, CEO, Community Development Bankers Association
  • Bob Jones, senior advisor to the CDBA, retired CEO and chairman, United Bank
  • Armando Ramirez, managing director, F.I.G., Pickwick Capital Partners, and former head of strategic planning and corporate development, National City Corporation

Tags: CDFICommunity developmentMinority depository institutions
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