Minority Depository Institutions Program
Collaborative Relationships with Minority Depository Institutions
Insured depository institutions may realize business and regulatory benefits from partnerships and collaborative relationships with minority depository institutions (MDIs).
Collaboration among MDIs, or between MDIs and non-MDIs, can result in sound and profitable lending and investments that meet the needs of underserved communities. In addition, institutions engaging in such collaboration and partnerships may receive Community Reinvestment Act (CRA) consideration for these activities.
On June 27, 2019, the FDIC held its first in a series of Large Bank – Minority Depository Institution Roundtables for FDIC’s New York Region. The roundtables are designed to foster collaboration in support of the continued vibrancy of MDIs and their communities.
"Collaborative partnerships among large banks and MDIs are critically important, not only for individual insured institutions, but also for their communities and the vitality of the overall financial system," said FDIC Chairman Jelena McWilliams during the New York Roundtable.
The FDIC has created several resources that describe ways that financial institutions, including community banks, can partner with MDIs to the benefit of all institutions involved, as well as the communities they serve.
- Collaborative Relationships with Minority Depository Institutions Examples - PDF
- Resource Guide for Collaboration with Minority Depository Institutions - PDF
- Financial Institution Letter (FIL) 64-2017: Collaborative Relationships with Minority Depository Institutions
- The Office of the Comptroller of the Currency (OCC) also provides examples of MDI collaborations at Community Development Investments.
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