Stronger Banks, Stronger Communities
The Mission Driven Bank Fund works to foster a stronger and more inclusive banking system by investing in mission driven banks that provide credit and financial services to lower-wealth communities, rural communities, and communities of color across the United States.
The 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 in traditionally unbanked communities. They drive access to wealth and income building opportunities – owning a home, expanding a small business, buying land - for people and families who have otherwise been left out of the financial system.
The fund seeks to drive significant growth and financial resiliency in the mission driven bank sector that translates into demonstrated progress in closing racial income and wealth gap over the fund’s life.