The Mission Driven Bank Fund

Investing in a stronger financial system through mission-driven banks

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 and beyond.


The Mission Driven Bank Fund is a collaborative effort. Leading U.S. Bank specialist Elizabeth Park Capital Management and impact investing pioneer Calvert Impact are teaming up as fund managers, while Strategic Value Bank Partners will serve as sub-advisor. Microsoft and Truist Financial are providing anchor investments.


Engines of change

"Mission Driven Banks have an enormous opportunity to drive a more inclusive, equitable economy and reduce and eliminate chronic racial income and wealth gaps."

Fred Cummings, President and Founder, Elizabeth Park Capital Management and Jennifer Pryce, CEO, Calvert Impact

Learn More

This Investment Fund Wants To Close The Racial Wealth Gap In Community Banking

Jan. 17, 2023 | by Oscar Perry Abello , Next City

The Mission Driven Bank Fund is designed to invest wealth in community banks led by people of color.

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Elizabeth Park Capital Management and Calvert Impact selected to co-manage Mission Driven Bank Fund

Dec. 15, 2022

Anchor investors Microsoft, Truist tap firms to invest in MDI and CDFI banks

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Executive Summary

Dec. 15, 2022

Download the Mission Driven Bank Fund's executive summary document that details key facts about the Fund.

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