Community Developments Investments (May 2018)
|A Look Inside ...
This edition of Community Developments Investments reviews how minority depository institution (MDI) collaborations with large and midsize banks can be profitable for the parties involved and help MDIs fulfill their missions and serve customers in a rapidly evolving industry.
|Community Reinvestment Act Consideration for Collaborations That Promote Community Development
Banks may receive Community Reinvestment Act (CRA) consideration from partnerships with other financial institutions, including those with minority- and women-owned financial institutions and low-income credit unions.
|Catalyzing Impact: NCIF Fosters Bank Partnerships With MDIs
The National Community Investment Fund (NCIF), a nonprofit organization, has invested in mission-oriented banks, including MDIs. To encourage high-impact projects, the NCIF provides metrics and information that banks can use to analyze potential partnerships, projects, and investments.
|Citibank: Partnering With Community Banks to Expand Financial Access
The Citi Community Automated Teller Machine (ATM) Network allows customers of Continental Bank and several other community banks to use—without paying out-of-network fees—any of Citibank’s 2,400 branch ATMs in cities nationwide.
|Texas Capital and Texas National Banks: Collaborating for Mutual Benefit
Texas Capital Bank is collaborating with and providing correspondent banking services to Texas National Bank and other MDIs and community development financial institutions.
A variety of resources is available to help banks interested in developing mutually beneficial partnerships with MDIs that may receive CRA consideration.