MDI subpanel to discuss challenges, opportunities; highlight partnership with Menominee Tribe

Key challenges and opportunities facing their communities and themselves as minority depository institutions (MDIs) will be under discussion Tuesday at the meeting of the MDI subcommittee sponsored by the federal insurer of bank deposits.

In addition, the Federal Deposit Insurance Corp. (FDIC) said in a release, a new partnership with the Menominee Tribe in Keshena, Wis., will be highlighted. No additional details were provided.

Following those public-session portions of the agenda, the subcommittee will hear about the agency’s new resource guide, “Investing in the Future of Mission-Driven Banks: A Guide to Facilitate New Partnerships.”

The agency said it would also update the subcommittee (which is part of the FDIC’s Advisory Committee on Community Banking) on efforts to establish a framework to channel numerous and substantial financial commitments from private industry to FDIC-insured MDIs and community development financial institutions (CDFIs).

The meeting, which will be live-streamed via the Internet, gets underway at 1 p.m. ET on Oct. 27 (Tuesday).

FDIC Minority Depository Institutions Subcommittee to Meet