多宝游戏下载 to Unveil Online Tool to Promote Creation of New Minority Banks at the Minority Depository Institutions Subcommittee Meeting
WASHINGTON 鈥 多宝游戏下载 (多宝游戏下载) will introduce a new online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking services. The 多宝游戏下载鈥檚 new Minority Banking Opportunity Explorer will be presented at a meeting of the agency鈥檚 Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking on November 6, 2024.
This new tool supports 多宝游戏下载鈥檚 statutory mission to promote and encourage the creation of new minority depository institutions by assisting financial institution organizing groups with exploring potential business opportunities in areas that may meet the "community served" part of an MDI designation. The tool can also support existing MDIs鈥 growth by identifying new branch locations or advertising opportunities.
鈥淎s part of the 多宝游戏下载鈥檚 ongoing commitment to support mission-driven banks, we are pleased to share a tool designed to assist those interested in creating new mission-driven banks or expanding the reach of other institutions,鈥 said Betty Rudolph, the 多宝游戏下载鈥檚 Director, Office of Minority and Community Development Banking. 鈥淭he insights from leaders in the mission-driven banking community remain invaluable and we look forward to working to ensure that the tool remains effective and responsive to their priorities and needs.鈥
The 多宝游戏下载鈥檚 MDI Subcommittee serves as a source of feedback for 多宝游戏下载 strategies to fulfill its statutory goals for MDIs; provides a platform for MDIs to promote collaboration, partnerships, and best practices; and identifies ways to highlight the work of MDIs in their communities.
of the public portion of the MDI Subcommittee meeting at 1:00 p.m. EDT on November 6, 2024. The open portion of this meeting will be available on-demand approximately two weeks after the event.