Investing in a stronger financial system through mission-driven banks
Stronger Banks, Stronger Communities
The Mission Driven Bank Fund works to foster a stronger banking system with greater reach by investing in and providing technical services to mission-driven banks that offer credit and financial services to low- and moderate-income (LMI) and underserved communities.
Over 300 mission-driven banks across the country, including Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs), play a critical role in expanding access to credit and financial products to these communities. They help open pathways to wealth-building and income-generating opportunities, such as owning a home, expanding a small business, and buying land, for people and families who have otherwise had challenges accessing the financial system.
The Fund seeks to drive growth and financial resiliency in the mission-driven banking sector, translating into demonstrated progress in wealth creation in these communities over time.
