Curated News
By: NewsRamp Editorial Staff
October 09, 2025

Mission Driven Bank Fund Invests in Cincinnati's Warsaw Federal

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Original Source

TLDR

  • The Mission Driven Bank Fund's investment in Warsaw Federal provides capital advantage for expanding financial services to underserved Cincinnati communities.
  • The Fund invests capital and technical services in Minority Depository Institutions to support community banking through focused financial tools and education programs.
  • This investment promotes economic opportunity and financial equity for underserved communities, building stronger neighborhoods and a brighter future for all.
  • Warsaw Federal is one of only two Minority Depository Institutions in Ohio and the sole MDI serving the Cincinnati area.

Impact - Why it Matters

This investment directly addresses systemic financial inequality by strengthening institutions that serve marginalized communities. When Minority Depository Institutions receive strategic capital and technical support, they can expand access to banking services, financial education, and credit opportunities in neighborhoods often overlooked by traditional banks. This matters because closing the racial wealth gap requires targeted investment in community-based financial institutions that understand local needs and can provide culturally competent services. By supporting MDIs like Warsaw Federal, the Mission Driven Bank Fund helps create economic resilience in communities that have historically faced banking discrimination and limited financial resources, ultimately contributing to broader economic stability and opportunity for all residents.

Summary

The Mission Driven Bank Fund (MDBF) has announced its eleventh strategic investment, targeting First Mutual Holding Co., the bank holding company for Cincinnati-based Warsaw Federal Savings & Loan. This partnership represents a significant commitment to supporting Minority Depository Institutions (MDIs) that serve underserved communities. Warsaw Federal stands as one of only two MDIs headquartered in Ohio and the sole institution of its kind currently serving the Cincinnati metropolitan area. The investment package includes both capital infusion and technical services support, mirroring MDBF's established approach to strengthening mission-driven financial institutions.

Warsaw Federal plans to deploy the net proceeds to enhance financial services, educational tools, and community support programs specifically designed to promote economic opportunity and financial equity. Robie Suggs, president & CEO of Warsaw Federal, emphasized that this investment marks "a pivotal step in supporting the strategic growth we envision for our organization." The bank's mission focuses on empowering underserved communities throughout Greater Cincinnati with essential financial resources. Paul Welch, portfolio manager of the Mission Driven Bank Fund, highlighted Warsaw Federal's demonstrated commitment to promoting economic vitality across the region and expressed enthusiasm for supporting mission-aligned banks that provide vital banking services to often overlooked populations.

The Mission Driven Bank Fund operates with a clear objective of fostering a more inclusive banking system by investing in FDIC-insured Community Development Financial Institutions (CDFI) and MDI banks that primarily serve low to moderate income African American, Native American, Asian, Hispanic, and Pacific Islander communities. The Fund's strategic partners include Elizabeth Park Capital Management, Calvert Impact, Strategic Value Bank Partners, and Performance Trust. For those seeking additional information about this impactful initiative, visit missiondrivenbankfund.org. Warsaw Federal, as an independent mutual bank and only the second mutual MDI in the United States, continues its dedicated service through banking products and services for individuals and businesses across greater Cincinnati and surrounding communities.

Source Statement

This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, Mission Driven Bank Fund Invests in Cincinnati's Warsaw Federal

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