MDI and CDFI Bank Headquarters and Branches

Minority Depository Institutions (MDIs) and Community Development Financial Institution (CDFI) banks are financial institutions that serve minority, low- or moderate-income (LMI), and rural communities at higher rates than mainstream banks. These institutions are often referred to as “mission-driven banks” because they actively work to improve the lives of underserved citizens and communities by offering loans and other essential banking products and services. By doing so, they ensure that residents and businesses in these areas have access to safe and affordable financial services.

Many of these mission-driven banks are small and need to build capacity and scale to grow their operations and expand services to their communities. Private companies, philanthropic organizations, and others can partner with these institutions by providing grants, equity investments, creating investment funds, making deposits, or offering technology support. The specific needs and preferences of each MDI and CDFI bank vary based on their business model, strategic plans, history, culture, and financial condition.

MDIs, which serve minority populations such as African American, Asian American, Hispanic American, and Native American communities, along with CDFI banks, play a unique role in promoting economic viability in minority and LMI communities.

As of September 30, 2023, there are 148 FDIC-insured MDIs with headquarters across the United States, totaling nearly 1,400 branches and over $343 billion in combined assets. There are also 197 FDIC-insured CDFI bank headquarters across the United States, with almost 1,400 branches and a combined asset total of over $120 billion. Additionally, there are 32 banks that are both MDIs and CDFIs, with nearly 150 branches across the country.

https://fdic-gis.maps.arcgis.com/apps/webappviewer/index.html?id=76c05acdf50f4e3db35cd042103e998e

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