Ahead of a House Financial Services Committee vote today, ABA expressed support for legislation that addresses the decline in minority depository institutions and creates opportunities for community development financial institutions.
Browsing: Minority depository institutions
The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington.
Financial performance among minority depository institutions has significantly improved in the last five years, particularly in terms of loan performance, according to new research from the FDIC.
The OCC yesterday announced the appointment of three new members to its Minority Depository Institutions…
Swings in the economy, changes in consumer financial habits, and unrelenting competition—all financial institutions face such tests. But some, like Carver Federal Savings Bank, have their origins in challenge.
The 157 FDIC-insured minority depository institutions tend to lag community banks overall in terms of profitability, but the sector is seeing higher loan growth driven by commercial real estate, according to an FDIC report today.