Three bankers join MDI subcommittee just in time for May 31 meeting

Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday.

The Federal Deposit Insurance Corp. (FDIC) said the three bankers named to the Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking are:

  • Claude (Jeff) J. Bowman, president and CEO of Bay Bank in Green Bay, Wis.
  • Doyle Mitchell, president and CEO, Industrial Bank of Washington, D.C.
  • Farid Tan, president and CEO, Metro City Bank of Doraville, Ga.

The FDIC said the trio would join the other members of the MDI Subcommittee in a May 31 meeting. That gathering will discuss, the FDIC said, insights into key challenges and opportunities facing the members’ communities and financial institutions in addition to spotlighting private funds that support MDIs. Those include the MDI Keepers Fund, Black Economic Development Fund, and Mission-Driven Bank Fund.

The agency said the subcommittee offers feedback for to fulfill FDIC’s statutory goals for MDIs; provides a platform for MDIs to promote collaboration, partnerships, and best practices; and identifies ways to highlight the work of MDIs in their communities.

The public portion of the May 31 meeting will be open to the public via webcast, the agency said. It begins at 1 p.m. ET.

FDIC Names Three Bankers to Minority Depository Institutions Subcommittee