ABA Chair Julieann Thurlow noted the importance—and mutual benefits—of partnerships between banks and minority depository institutions during a summit hosted jointly in Washington, D.C., by ABA and the National Bankers Association.
Virginia Ali, owner of historic D.C. landmark Ben’s Chili Bowl, got her start at a community bank
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount of that growth occurring between 2019 and 2021, according to a new report on MDIs by the National Bankers Association Foundation.
To help support minority depository institutions and community development financial institutions advance in digital transformation, policymakers and regulators must address bottlenecks that limit growth, according to a recent report by National Bankers Association Foundation.
During the first MDI Partnership Summit held this week in Orlando, Florida, participants from minority depository institutions and banks across the country gathered to discuss approaches to better serve the unique banking needs of communities of color and low- to moderate-income communities.
For Valentine’s Day, the ABA Banking Journal Podcast brings you a classic bank-meets-girl-meets-boy love story.
The story of Maggie Lena Walker and her mission to help Black women find financial empowerment and professional career opportunities.
The Community Development Financial Institutions Fund is asking for public feedback to refine the criteria it should use to designate “minority lending institutions” as a subset of CDFIs.
The FDIC outlined a new process by which banks may apply for designation as a minority depository institution.
The National Bankers Community Alliance, the nonprofit arm of the National Bankers Association, launched a financial wellness program to help minority communities close the racial wealth gap.