CLEVELAND, OH, August 15, 2025 /24-7PressRelease/ -- The Mission Driven Bank Fund (MDBF) today announced its final fundraising close, bringing the Fund to $200 million of capital dedicated to supporting FDIC-insured Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) banks to foster a stronger and more inclusive banking system.

The Fund has already deployed over a third of its capital to MDI and CDFI banks and continues to build active pipelines across the country. In line with its goal to support a stronger and more inclusive banking system, MDBF created a well-received technical services program that has high participation levels among its bank partners.

"Thanks to the support of our anchor investors, Microsoft and Truist, and other limited partners, the Mission Driven Bank is providing meaningful levels of support to mission-aligned banks across the country to accomplish their impact goals," said Paul Welch, the Fund's portfolio manager. "We are encouraged by the momentum of our initial investments and will remain a key resource for our portfolio banks."

Truist Chief Community Reinvestment Act Officer Anthony Weekly added, "by making capital and technical assistance investments in community-oriented banks, MDBF's team is not only strengthening the fabric of the banking system, but also helping to build a more inclusive financial future for all. As a purpose-driven leader in the banking sector, Truist looks forward to continuing to partner with MDBF to drive lasting change within our communities."

MDI and CDFI banks, as well as other interested parties seeking to learn more, are encouraged to contact the Fund at info@missiondrivenbankfund.org.

About The Mission Driven Bank Fund
The Mission Driven Bank Fund seeks to foster a stronger and more inclusive banking system by investing capital and providing technical services to FDIC-insured CDFI and MDI banks that target low to moderate income African American, Native American, Asian, Hispanic, and Pacific Islander communities. The Fund's mission is to drive growth and financial resiliency in the mission-driven bank sector, translating into progress that helps close the racial wealth gap. Elizabeth Park Capital Management, a specialist firm investing in U.S. banks, and Calvert Impact, a leading impact investing firm, are the Fund's general partner. Strategic Value Bank Partners is a subadvisor, and Performance Trust is a capital advisor and structuring agent for the Fund. For more information, visit missiondrivenbankfund.org.

This press release does not constitute an offering of interests in the Fund, which will be made only to qualified investors pursuant to the Fund's offering documents. Nothing contained in this press release should be relied upon as a promise or representation as to the future performance of the Fund. No representation or warranty is made as to the accuracy of statements, estimates, targets, and/or projections herein, nor as to the ultimate success of the Fund or the external conditions and circumstances under which the Fund will operate. Prospective investors must not rely upon any matters in this release. The activities undertaken by the Fund may differ from those described above due to unexpected external circumstances or otherwise. Moreover, past performance is not a guarantee of future performance.

Certain statements included herein were made by current investors in the Fund and are considered "testimonials" as the term is defined under Rule 206(4)-1 of the Investment Advisers Act of 1940. No compensation was provided in exchange for such testimonials. However, there may nonetheless be inherent conflicts of interest or incentives associated with such statement by an investor in the Fund, including tangible or intangible benefits associated with such individual being an investor in the Fund.

Certain statements made in this release are "forward looking statements." These forward-looking statements are not predictions of future performance, conditions or results, and are inherently uncertain and subject to numerous risks, many of which are outside the Fund's and its advisors' control. There is no obligation to update or revise any such forward-looking statements.

This contant was orignally distributed by 24-7 Press Release. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Mission Driven Bank Fund reaches $200 million with final close.