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The National Bankers Association is here to support your application process. The Emergency Capital Investment Program (ECIP) was created to encourage low- and moderate-income community financial institutions to augment their efforts to support small businesses and consumers in their communities. Treasury has opened a second application round for investment in qualified financial institutions through the ECIP. Treasury anticipates that between approximately $160 million and $340 million will be available for investment in the second round. 
Treasury will prioritize applicants that (i) were ineligible to apply in the first round of funding but later became eligible to participate in ECIP; or (ii) serve geographies that are relatively underserved by recipients in the first round of funding; and (iii) show a strong track record demonstrating the capacity to execute the lending plan, including the quality of the data provided in Question 1 of the ECIP application related to lending to low- and moderate-income or minority individuals. 
Read More Here: Emergency Capital Investment Program | U.S. Department of the Treasury 




Applications are due January 31, 2023 at 11:59 PM ET.   

Second Round Application Materials 
12/2/2022 (new): Second Round Application Form 
12/2/2022 (new): Second Round Application FAQs 
12/2/2022 (new): Second Round User Guide for Application Submission 
Second-Round Application Frequently Asked Questions: 


  1. What are the criteria to be an MDI for purposes of participation in the ECIP? 
  2. If an applicant did not apply in the initial round of funding, may it apply for the second round? 
Yes, an applicant that did not apply in the first round of funding may apply for the second round. 
  1. If an applicant applied for the first round of funding and was not offered an investment, may it apply for the second round? 
Applicants that applied in the first round but were not offered an investment may reapply if they are otherwise eligible for the Program. 
An MDI is an institution that is any of the following: 
  • A “minority depository institution,” as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note). A depository institution satisfies this definition if it is (1) a privately owned institution, 51 percent of which is owned by one or more socially and economically disadvantaged individuals; (2) a publicly owned institution, 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individuals; or (3) a mutual institution of which the majority of the board of directors, account holders, and the community which it services is predominantly minority (defined by statute as Black American, Native American, Hispanic American, or Asian American). 
  • An institution considered to be an MDI by the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Federal Reserve), or the National Credit Union Administration (NCUA), as applicable. An institution listed in the FDIC’s MDIs List published for the third quarter of 2020, available at FDIC Third Quarter 2020 MDI List, and credit unions listed on the NCUA’s Minority Depository Institutions Annual Report to Congress list of MDIs for 2020 are considered to be MDIs by those agencies and are therefore eligible to participate in the ECIP. 




The U.S. Department of Treasury hosted a webinar about the application process to apply for ECIP Second Round.  Powerpoint Presentation here: ECIP Second Round Webinar Presentation 
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