Curated News
By: NewsRamp Editorial Staff
December 17, 2024
MDBF Portfolio Banks Actively Participating in Technical Services Program
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- MDBF portfolio banks gain an edge with technical services program, exceeding 75% participation goal.
- The program provides consulting, tools, webinars, mentoring, and financial support to strengthen banking capacity and serve communities.
- The program aims to promote sustainability, improve financial performance, and deepen community service to close the racial wealth gap.
- Interested providers can email info@missiondrivenbankfund.org to learn more about new technology solutions for the mission-driven banking sector.
Impact - Why it Matters
This news matters as it highlights the efforts of the Mission Driven Bank Fund to drive significant growth and financial resiliency in the mission-driven bank sector. The program aims to promote sustainability, strengthen financial performance, and help banks better serve their communities. It also demonstrates the commitment to providing technical support beyond capital investment to address the needs of MDI and CDFI banks.
Summary
The Mission Driven Bank Fund (MDBF) announced that all seven portfolio banks are actively participating in its technical services program, which provides targeted support to build organizational capacity. The program includes introductions or referrals to consulting services, access to tools, products, and services, webinars and trainings, peer-to-peer mentoring, and financial support. The participation rate is well above the program's 75% goal and is a key differentiator for MDBF as an investor.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, MDBF Portfolio Banks Actively Participating in Technical Services Program
