Community Developments Investments (May 2018)
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Profitable Partnerships: Collaborating With Minority Depository Institutions
This edition of Community Developments Investments reviews how minority depository institution (MDI) collaborations with large and midsize banks can be profitable for the parties involved and help MDIs fulfill their missions and serve customers in a rapidly evolving industry.
Banks may receive Community Reinvestment Act (CRA) consideration from partnerships with other financial institutions, including those with minority- and women-owned financial institutions and low-income credit unions.
The National Community Investment Fund (NCIF), a nonprofit organization, has invested in mission-oriented banks, including MDIs. To encourage high-impact projects, the NCIF provides metrics and information that banks can use to analyze potential partnerships, projects, and investments.
The Citi Community Automated Teller Machine (ATM) Network allows customers of Continental Bank and several other community banks to use—without paying out-of-network fees—any of Citibank’s 2,400 branch ATMs in cities nationwide.
Texas Capital Bank is collaborating with and providing correspondent banking services to Texas National Bank and other MDIs and community development financial institutions.
Resources
A variety of resources is available to help banks interested in developing mutually beneficial partnerships with MDIs that may receive CRA consideration.
This publication is part of:
Collection: Community Developments Investments
Deputy Comptroller
Barry Wides
Editorial Staff
David Black
Janet Fix
Emily Gold
Design Staff
Vincent Harris
On the cover
Clockwise from top right, façade of a bank in San Francisco, Elouise Cobell, St. Luke Penny Savings Bank, Romana Acosta Bañuelos and James A. Conlon, a Freedman's Savings and Trust Co. passbook, Maggie L. Walker, and Frederick Douglass. (Photos courtesy of Alamy, AP Images, National Park Service, Bureau of the Public Debt, U.S. Department of the Treasury, National Park Service, and Shutterstock.)
For questions or comments, call (202) 649-6420 or email communityaffairs@occ.treas.gov. This and previous editions are available on the OCC's website at www.occ.gov.
Disclaimer
Articles by non-OCC authors represent the authors' own views and not necessarily the views of the OCC.
Deputy Comptroller
Barry Wides
Editorial Staff
Ted Wartell
Bill Reeves
David Black
Dan Gibbard
Design Staff
Rick Shacklette
Cheryle Robison
For questions or comments, call (202) 649-6420 or email communityaffairs@occ.treas.gov. This and previous editions are available on the OCC's website at www.occ.gov.
Disclaimer
Articles by non-OCC authors represent the authors' own views and not necessarily the views of the OCC.