Resource Links
These Links Go to External Websites
Resource Links for Minority Depository Institutions
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Community Development Bankers Association
Since its inception in 2001, the mission of the Community Development Bankers Association (CDBA) is to facilitate economic revitalization and educate the financial services industry, socially motivated investors and community development banks (CDBs) regarding the credit and financial service needs in disinvested low income communities.
www.communitydevelopmentbanks.org
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Community Development Financial Institutions (CDFI) Fund
The CDFI Fund provides infusions of capital in the form of financial assistance and technical assistance grants to institutions that serve distressed communities and low-income individuals. CDFIs are specialized financial institutions that work in market niches that have not been adequately served by traditional financial institutions.
www.cdfifund.gov
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Community Development Financing: Coming up with the Money
This self-study guide was created for people who are unable to attend one of the community development finance workshops sponsored by the Federal Reserve Bank of St. Louis. The hope is that users of this guide will be able to familiarize themselves with the type of financing that is crucial today for getting needed development projects off the ground. These are the kinds of projects that might not be undertaken without broad community support, projects such as affordable housing or downtown revitalization. Among those who are expected to use this guide are members of community-based organizations, development groups, state and local governments and financial institutions.
www.stlouisfed.org/community/selfstudy/
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FDIC Statistics on Depository Institutions
FDIC Statistics on Depository Institutions or SDI, is an advanced feature of the Institution Directory that allows you to obtain more detailed financial reports. It also provides you with the ability to create reports containing customized peer groups of FDIC - insured institutions and bank holding companies.
www2.fdic.gov/sdi/index.asp
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Federal Reserve Statistical Release
The Federal Reserve Board compiles quarterly data on banks that participate in the Department of the Treasury's Minority Bank Deposit Program and releases the data about twelve weeks after the end of each quarter. The data comes from the Consolidated Reports of Condition and Income filed quarterly by banks (FFIEC 031 and 041) and from other information in the Board's National Information Center database.
www.federalreserve.gov/releases/mob
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Minbanc Foundation, Inc.
The mission of the Minbanc Foundation, Inc. is to support the continued success of minority and women owned banks across America by assisting them in the achievement of their respective missions. To that end, we are committed to providing scholarships for minority and women-owned bank employees to advance their financial services expertise and to promote financial education in the communities they serve.
www.minbanc.org
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Minority Bank Deposit Program
This program encourages federal agencies, state and local governments, and the private sector to use Minority Bank Deposit Program participants as depositaries and financial agents. Banks are certified by the U.S. Department of Treasury’s Financial Management Service and included on an annual program roster.
www.fms.treas.gov/mbdp
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MinorityFinance.com
MinorityFinance.com provides information and services that individuals, Federal agencies, State and local governments and the private sector can use to provide capital to minority and underserved communities within the framework of efficient investment management, where feasible, with no appreciable increase in client cost or risk.
www.minorityfinance.com
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National Bankers Association
The National Bankers Association was founded in 1927 as the trade association for the nation's 103 minority and women-owned banks (MWOBs). Our members include banks owned by African-Americans, Native-Americans, American-Indians, East-Indians, Hispanic-Americans, Asian-Americans and Women.
MWOB's are located in 29 states and 2 territories spanning 60 cities and the District of Columbia. Our employees number over 15,000. In the aggregate, MWOBs have assets in excess of 31 billion dollars and service over 3 million depositors. Collectively the individuals who serve on the boards of directors of our member banks represent some of the most influential leaders in minority communities and urban centers across the country. Since 1980 the NBA has formed a successful partnership with Treasury representatives of Fortune 500 corporations.
www.nationalbankers.org
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National Community Investment Fund
NCIF's mission is to increase the number and capacity of domestic, depository institutions - community development banking institutions of "CDBIs" - that are both effective agents of local community development in distressed markets and sound financial institutions. NCIF fulfills its mission through two business lines a core business line of investing and complementary CDBI Exchange Network.
www.ncif.org
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The Center for Financial Services Innovation
The Center for Financial Services Innovation's (CFSI's) mission is to assist the financial services industry to identify, develop, and implement innovative ways of delivering asset-building opportunities to the underbanked market that are profitable for both company and customer.
www.cfsinnovation.com