Fed’s Bowman touts benefits of banks, CDFIs in rural communities
Smaller banks, including community banks, are indispensable in providing access to financial products and services, especially in remote or rural ...
Tag: Minority depository institutions
Mission Driven Bank Fund announces new investments in CDFI, MDI banks
Latest investments support banks serving communities of color in California and Florida.
OCC seeks nominations for minority depository, mutual savings advisory committees
The OCC is seeking nominations for its advisory committees on minority depository institutions and mutual savings associations.
FDIC names four bankers to MDI subcommittee
The FDIC named four new bankers as members of the agency's Minority Depository Institutions Subcommittee.
First Independence Bank’s Kelly named MBA Banker of the Year
The Michigan Bankers Association recently named Kenneth Kelly, chairman and CEO of First Independence Bank, as the recipient of the ...
Podcast: MDI status helps a mutual bank supercharge its strategy
Late in 2023, Warsaw Federal -- a $71 million mutual savings and loan in Cincinnati -- was officially designated as ...
Thurlow: Bank/MDI partnerships are a win for communities
ABA Chair Julieann Thurlow noted the importance—and mutual benefits—of partnerships between banks and minority depository institutions during a summit hosted ...
Living legend credits banking for success
Virginia Ali, owner of historic D.C. landmark Ben’s Chili Bowl, got her start at a community bank
Report finds MDIs key to closing racial wealth gap
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount ...
Report outlines policy strategies to support digitalization for mission-based banks
To help support minority depository institutions and community development financial institutions advance in digital transformation, policymakers and regulators must address ...
