The FDIC recognizes that minority depository institutions (MDIs) play a unique role in promoting economic viability in minority and low- and moderate-income communities. Preserving, promoting, and building capacity in these institutions are high priorities for the FDIC. MDIs are often highlighted in speeches and testimony provided by FDIC executives.

December 5, 2019 – Statement of FDIC Chairman Jelena McWilliams on the Oversight of Financial Regulators before the Committee on Banking, Housing, And Urban Affairs, U.S. Senate; Washington, DC [Scroll down to III. E. Minority Depository Institutions.]

December 4, 2019 – Statement of FDIC Chairman Jelena McWilliams on Oversight of Prudential Regulators: Ensuring The Safety, Soundness, Diversity, And Accountability of Depository Institutions before the Committee On Financial Services, U.S. House of Representatives; Washington, DC [Scroll down to III. E. Minority Depository Institutions.]

November 20, 2019 – Statement of Betty J. Rudolph, National Director, Minority and Community Development Banking, Federal Deposit Insurance Corporation on An Examination of Regulators' Efforts to Preserve and Promote Minority Depository Institutions before the Subcommittee on Consumer Protection and Financial Institutions of the Committee on Financial Services, U.S. House of Representatives; Washington, DC

October 2, 2019 – Remarks by FDIC Chairman Jelena McWilliams to the National Bankers Association 92nd Annual Convention; Washington, DC

June 4, 2019 – Remarks by FDIC Chairman Jelena McWilliams at the Community Development Bankers Association Peer Forum and Membership Meeting; Washington, DC

May 16, 2019 – Statement of Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation on Oversight of Prudential Regulators: Ensuring the Safety, Soundness, and Accountability of Megabanks and Other Depository Institutions before the Committee on Financial Services; U.S. House of Representatives; Washington, DC

May 15, 2019 – Statement of Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation on Oversight of Financial Regulators before the Committee on Banking, Housing and Urban Affairs; U.S. Senate; Washington, DC

April 5, 2017 – Remarks by FDIC Chairman Martin J. Gruenberg to the Interagency Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) Bank National Conference; Los Angeles, CA

June 24, 2017 – Remarks by Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation to the Urban Financial Services Coalition; Washington, DC [Scroll down to Minority Depository Institutions.]

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.