Curated News
By: NewsRamp Editorial Staff
July 14, 2026

Mission Driven Bank Fund Invests in Two Minority Banks

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Original Source

TLDR

  • MDBF's investments in Anchor Bank and Icon Business Bank aim to boost their growth and community impact, offering a competitive edge.
  • MDBF invests in mission-driven banks like Anchor and Icon, providing capital and technical services to expand lending in underserved communities.
  • MDBF strengthens banks serving low-income communities, promoting homeownership and supporting local businesses for a better tomorrow.
  • Anchor Bank grew from $350M to $600M in assets after MDBF's initial investment, with a recent expansion into Georgia.

Impact - Why it Matters

These investments matter because they directly channel capital into minority depository institutions (MDIs) that serve underserved communities, fostering economic inclusion and local development. By strengthening banks like Anchor and Icon Business Bank, the Fund helps create more accessible credit and banking services for low- and moderate-income individuals and small businesses, potentially reducing disparities in financial access and promoting wealth building in communities often overlooked by traditional banks.

Summary

The Mission Driven Bank Fund (MDBF) closed the second quarter with strategic new investments in Anchor Bank and Icon Business Bank, providing capital to strengthen their community-focused missions. Anchor Bank, a Florida-chartered minority depository institution (MDI) that has grown from approximately $350 million to over $600 million in assets since MDBF's initial investment in 2024, received its first follow-on investment. This growth includes a recent expansion into Georgia through the assumption of Community Bank & Trust – West Georgia. President and CEO Nelson Hinojosa highlighted that the investment will help promote homeownership and support local businesses through a relationship-focused banking model.

Icon Business Bank, an MDI serving Southern California since 2023, joined MDBF's portfolio as a new investment. Ernie Hwang, President and CEO, emphasized that the capital will support continued growth and strengthen customized lending and depository solutions for businesses and individuals. These investments bring MDBF's total portfolio to 15 banks, all actively participating in the Fund's technical services program to build organizational capacity.

MDBF, managed by Elizabeth Park Capital Management and Calvert Impact, aims to drive growth and financial resiliency in mission-driven banks serving low- and moderate-income communities. The Fund's latest moves underscore its commitment to expanding financial access and community impact. For more information, visit www.missiondrivenbankfund.org.

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 Two Minority Banks

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