FDIC minority depository institutions panel meets Monday

The nine-member Minority Depository Institutions Subcommittee to the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking is set to meet virtually Monday, the agency said Friday, with closed meeting discussion held to prepare for presentation of findings to the advisory committee Tuesday.

The July 27 meeting will have public and closed sessions. The public portion will be webcast live beginning at 1 p.m. ET, the FDIC said.

During the public portion, the FDIC said, panel members will share insights into key challenges and opportunities facing their communities and financial institutions. John Lewis, the president and chief operating officer of Harbor Bankshares Corporation, will highlight the results of its community development work in Baltimore, it said.

In the closed meeting, panel members will “provide feedback on the FDIC’s strategies to preserve and promote MDIs, and on recent private sector commitments and engagement to leverage the work of MDIs in their communities, in preparation for presenting its findings to the Advisory Committee on Community Banking,” the agency said.

The subcommittee was established in December to provide a platform for minority-owned and managed banks to build partnerships, share best practices, and highlight the work of MDIs in their communities.

MDI Subcommittee members are:

  • Deron Burr, President and CEO, People’s Bank of Seneca, Seneca, Mo.
  • Kyle Chavis, Chief Executive Officer and Chief Credit Officer, Lumbee Guaranty Bank, Pembroke, N.C.
  • Warren Huang, General Counsel, Amerasia Bank, Flushing, N.Y.
  • Jesse Kung, President and CEO, Evertrust Bank, Pasadena, Calif.
  • Benjamin J.B. Lin, President and CEO, Pacific Alliance Bank, Rosemead, Calif.
  • Gilbert Narvaez, Jr., President and CEO, Falcon International Bank, Laredo, Texas
  • Alden J. McDonald, President and CEO, Liberty Bank and Trust, Co., New Orleans, La.
  • Angel Reyes, President, Centinel Bank of Taos, Taos, N.M.
  • James H. Sills, III, President and CEO, M&F Bank, Durham, N.C.

FDIC Minority Depository Institutions Subcommittee to Meet

View the July 27 meeting

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