“The FDIC has long recognized the importance of minority depository institutions in the financial system and their unique role in promoting the economic viability of minority and under-served communities.”
FDIC Statement of Policy Regarding Minority Depository Institutions
June 23, 2021
Announcing the FDIC’s Minority Banking Opportunity Explorer
The FDIC developed a new tool to support its statutory mission to promote minority depository institutions by assisting financial institution organizing groups in identifying potential business opportunities in areas that may meet the "community served" part of an MDI designation. The tool also supports existing MDIs’ growth by identifying geographic areas for management to explore when considering new branch locations or advertising opportunities. The FDIC provides this tool for informational and research purposes only. Please click here to open the Minority Banking Opportunity Explorer.
Introducing the MDI Program Newslink!
The Office of Minority and Community Development Banking (OMCDB) is thrilled to introduce our new quarterly newslink! In this publication, the OMCDB will share timely and effective updates on MDI Program resources, regulatory guidance, news, and events. While the OMCDB operates as small team at FDIC Headquarters in Washington, D.C., our reach is expansive given the resources available through the various FDIC Divisions and Offices and our partners in the six regional offices. The OMCDB looks forward to enhancing our communication efforts through this newslink by sharing pertinent information and highlighting MDI activity.
To receive updates on future MDI Program Newslink publications, please click HERE to subscribe.
The MDI Subcommittee of the FDIC’s Advisory Committee on Community Banking (CBAC) provides a platform for MDIs to offer advice to CBAC regarding the FDIC’s MDI program. The MDI Subcommittee promotes collaboration, partnerships, and best practices. MDI Subcommittee members also share insights into key challenges facing their communities and identify ways to highlight the work of MDIs. To learn more, go to the MDI Subcommittee page.
Maggie Lena Walker: America’s National Treasure in Banking
In 1903, Maggie Walker became the first African American woman to found and charter a bank in the United States, serving as its president and using her standing to foster self-sufficiency and economic empowerment in her community. Learn more about her accomplishments.