Minority Depository Institutions and Inclusive Lending
In 1989, Congress recognized the importance of preserving and promoting Minority Depository Institutions (MDIs) for their role in promoting economic prosperity in the historically marginalized communities they serve. Unfortunately, the pandemic threatens to set back the critical policy goal of promoting credit and financial opportunity in these communities. Please join us to hear more about the role of MDIs and the challenges they face from James Sills, CEO and President of M&F Bank in Durham. M&F was founded in 1907 by a group of nine successful businessmen in Durham in a thriving district that came to be known as Black Wall Street. Today M&F Bank is a $265 million asset state-chartered bank with over 70 employees and serving the five largest urban markets in North Carolina: Charlotte, Durham, Greensboro, Winston Salem and Raleigh. Sponsored by the Global Financial Markets Center. Please RSVP to email@example.com to receive the Zoom password.