FDIC to Launch New Mission-Driven Bank Fund

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Media Advisory                                                                                September 15, 2021

Innovative new vehicle to support minority banks

and community development financial institutions

MEDIA ADVISORY

On Thursday, September 16, 2021, the Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams will announce the launch of the Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). Chairman McWilliams will also reveal the Fund’s anchor and founding investors and describe this unique framework to preserve and promote these mission-driven institutions and to amplify their impact in lower income urban and rural communities.

Members of the news media can join a teleconference scheduled for 9:30 a.m. ET (details below). We ask that you dial-in at least five minutes prior to the start of the news conference to ensure your connection.

WHO: FDIC Chairman Jelena McWilliams and senior staff

WHAT: Mission-Driven Bank Fund News Conference

WHEN: 9:30 A.M. ET, Thursday, September 16, 2021 (NOTE: Please dial-in at least 5 minutes prior early to ensure you get into the news conference on time)

HOW: 800-369-1733…when prompted, enter passcode: 1144881

Background materials will be provided to reporters upon request by RSVPing to Communications@fdic.gov.

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