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Minority Depository Institutions Program

“When I joined the FDIC as Chairman last year, I made it a priority to increase the agency's efforts to promote and preserve minority depository institutions (MDIs). MDIs are vital service providers for minority populations. If not for your institutions, individuals in low- and moderate-income communities might not have access to banking services. You help create jobs, grow small businesses, and build wealth. Because of the investments you make in your communities, your customers have a better opportunity to achieve their American dream.”

FDIC Chairman Jelena McWilliams
National Bankers Association 92nd Annual Convention
Washington, DC, October 2, 2019

To learn more about FDIC’s position on MDIs, go to the Speeches and Testimony page.

Minority Depository Institutions Subcommittee logo

The MDI Subcommittee of 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.

Photo of meeting to collaborate

Collaborative Relationships with Minority Depository Institutions

Insured depository institutions may realize business and regulatory benefits from partnerships and collaborative relationships with 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. The FDIC is holding a series of Large Bank – Minority Depository Institution Roundtables across the country. To learn more, go to the Collaboration 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.