Minority Depository Institutions | findCRA Learning Center

ABA: New Partnership Between ABA and National Bankers Association Announced to Serve Minority Depository Institutions

The American Bankers Association and the National Bankers Association today announced a new series of semiannual MDI partnership summits designed to connect midsize and regional banks with minority depository institutions (MDIs) across the United States. Sponsored by ABA’s Minority Depository Institutions Advisory Council (MDIAC), the summits will begin in 2023 and will be […]

OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled September 27th

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 27, 2022. The meeting, which will be hosted in person and virtually, is open to the public and will begin at […]

CDFI Fund: Request for Public Comment Issued Regarding Minority Lending Institution Designation Criteria

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting public comment regarding the criteria to designate a certified Community Development Financial Institution (CDFI) as a Minority Lending Institution (MLI). Pursuant to Section 523 of Division N of the Consolidated Appropriations Act, 2021 (Act; Pub. […]

OCC: Policy Statement on Minority Depository Institutions Updated

The Office of the Comptroller of the Currency (OCC) today announced it is revising its 2013 policy statement for minority depository institutions (MDI) to update and streamline descriptions of its policies, procedures, and programs. The statement also describes the range of programs the OCC has in place to preserve and […]

OCC: Nominations Sought for Minority Depository Institutions Advisory Committee

The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of individuals who are officers and/or directors of […]

OCC: Minority Depository Institutions Advisory Committee Charter Renewed

The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which assists the OCC in assessing the needs and challenges facing minority depository institutions. “The OCC places great importance on the input we receive from the members of the […]

We’ve Launched Our 2022 Contexter Market Reports with New and Expanded Data

Our updated and enhanced 2022 Contexter Market Reports are now available! Not only have we updated each data point for 2022, but we also added several new and expanded data sets to help you build performance context. 1. Updated data for 2022 Our Contexter Market Reports contain over 200 pieces […]

OCC: Acting Comptroller Discusses Importance of CDFIs and MDIs

Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of community development financial institutions (CDFI) and minority depository institutions (MDI) at the 2022 Community Development Bankers Association Peer Forum. In his remarks, the Acting Comptroller highlighted initiatives to revitalize MDIs and increase investments in CDFIs, and the […]

OCC: Acting Comptroller Presents Bank Charter to Minority Depository Institution, Agility Bank, N.A. in Houston

Acting Comptroller of the Currency Michael J. Hsu today presented a full-service community national bank charter to Agility Bank, N.A. in Houston. The woman-owned and -led bank is the first new minority depository institution (MDI) national bank in 15 years. Typically, MDIs serve economically challenged communities traditionally underserved by the […]

FDIC: New Process Established for Minority Depository Institution Designation Announced

On June 15, 2021, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved an updated Statement of Policy Regarding Minority Depository Institutions (Policy Statement), which details the framework by which the FDIC implements the goals set forth in Section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 […]