Curated News
By: NewsRamp Editorial Staff
August 15, 2025
MDBF Hits $200M to Support Inclusive Banking System
TLDR
- The Mission Driven Bank Fund's $200 million capital empowers MDI and CDFI banks, offering investors a unique opportunity to support inclusive banking while potentially benefiting from the growth of underserved markets.
- MDBF allocates over a third of its $200 million fund to MDI and CDFI banks, supplemented by a technical services program, to enhance banking inclusivity and resilience.
- By investing in MDI and CDFI banks, MDBF is bridging the racial wealth gap and fostering a more inclusive financial future for marginalized communities.
- Discover how MDBF's $200 million fund and technical services are transforming the banking landscape for minority and low-income communities across the U.S.
Impact - Why it Matters
This news is significant as it highlights a major step towards financial inclusivity and equity. By supporting MDIs and CDFIs, the MDBF is addressing systemic barriers to banking access for marginalized communities, which is crucial for closing the racial wealth gap and fostering economic resilience. The involvement of major players like Microsoft and Truist underscores the broader financial sector's recognition of the importance of inclusive banking solutions.
Summary
The Mission Driven Bank Fund (MDBF) has successfully closed its final fundraising round, amassing $200 million aimed at bolstering FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). This initiative is designed to create a more inclusive and robust banking system. With over a third of its capital already deployed, MDBF is actively expanding its reach across the nation. A standout feature of the Fund's efforts is its well-received technical services program, which has seen high engagement from partner banks. Key supporters include Microsoft and Truist, with Truist's Anthony Weekly highlighting the Fund's role in fostering a more inclusive financial future. The Fund encourages MDIs, CDFIs, and interested parties to reach out for more information.
Managed by Elizabeth Park Capital Management and Calvert Impact, with strategic support from Performance Trust and Strategic Value Bank Partners, MDBF is committed to narrowing the racial wealth gap by empowering banks that serve low to moderate income communities of color. For further details, visit missiondrivenbankfund.org.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, MDBF Hits $200M to Support Inclusive Banking System
