Mission Driven Bank Fund appoints Mission Advisory Committee

CLEVELAND, OH, Nov. 12, 2024 -- The Mission Driven Bank Fund today announced the appointment of its inaugural Mission Advisory Committee. The committee comprises seven industry leaders with expertise and experience in Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) banks, and the broader banking industry. As an independent committee, they objectively evaluate how well the Fund investments achieve its mission objectives.

“The committee provides valuable perspective on identifying and capturing impact within the mission-driven banking sector,” said Paul Welch, portfolio manager of the Fund.

The following individuals, who have backgrounds in the operational, technical, regulatory, and entrepreneurial spaces germane to the mission-driven bank sector, have been named to the committee:

• Michael Collins, Federal Reserve Bank of Philadelphia executive and retired bank executive, TD Bank
• Nicole Elam, CEO, National Bankers Association
• Kim Fraser, founder and CEO, Bankable FINTECH
• Susan Greene, senior vice president, Bank of America
• Jeannine Jacokes, CEO, Community Development Bankers Association
• Bob Jones, senior advisor to the CDBA, retired CEO & chairman, United Bank
• Armando Ramirez, managing director, F.I.G., Pickwick Capital Partners, and former head of strategic planning and corporate development, National City Corporation

“This committee brings deep and diversified expertise and enthusiasm that will allow it to evaluate and give feedback to the General Partner on how well the Fund is meeting its mission goals. The independent committee serves a valuable role for the Fund’s mission-first focus and nationwide reach to MDIs and CDFIs,” added Eric Heisner, a portfolio relationship manager and investment committee member of the Fund. More information about the committee can be found: https://missiondrivenbankfund.org/advisors.

About The Mission Driven Bank Fund The Mission Driven Bank Fund seeks to foster a stronger and more inclusive banking system by investing capital and providing technical services to CDFIs and MDIs that target African American, Native American, Asian, Hispanic, and Pacific Islander communities. The Fund's mission is to drive significant growth and financial resiliency in the mission-driven bank sector that translates into demonstrated progress in closing the racial wealth gap. Elizabeth Park Capital Management, a specialist firm investing in U.S. banks, and Calvert Impact, a leading impact investing firm, are members of the Fund's general partner. Strategic Value Bank Partners is a subadvisor, and Performance Trust is a capital advisor and structuring agent for the Fund. For more information, go to www.missiondrivenbankfund.org.

This press release does not constitute an offering of interests in the Fund, which will be made only to qualified investors pursuant to the Fund's offering documents. Nothing contained in this press release should be relied upon as a promise or representation as to the future performance of the Fund. No representation or warranty is made as to the accuracy of statements, estimates, targets, and/or projections herein, nor as to the ultimate success of the Fund or the external conditions and circumstances under which the Fund will operate. Prospective investors must not rely upon any matters in this release. The activities undertaken by the Fund may differ from those described above due to unexpected external circumstances or otherwise. Moreover, past performance is not a guarantee of future performance.

Certain statements made in this release are "forward looking statements." These forward-looking statements are not predictions of future performance, conditions or results, and are inherently uncertain and subject to numerous risks, many of which are outside the Fund's and its advisors' control. There is no obligation to update or revise any such forward-looking statements.

Any testimonials included herein are being provided by Fund investors, and any endorsements included herein are being provided by persons other than Fund investors. No compensation was provided for any testimonial or endorsement. There is a conflict of interest in that certain of these testimonials and endorsements are being provided by persons affiliated with the Fund.